title: Weblo
text: # Weblo
  
  Weblo was a website on which users were able to purchase and trade imaginary online ownership of states, countries, and individual street addresses. The website was accused of being a pyramid scheme.
  
  ## History
  
  The website was launched in September 2006 by Rocky Mirza.
  
  In 2006, the company filed a patent for "virtual property trading".
  
  In July 2007, the company raised $3.3 million from VantagePoint Venture Partners.
  
  