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"This is really cool - real-time jamming over the Interweb!  Ninjam is a downloadable app that lets you jam with musicians all over the world.  I've been busting out some riffs on my electric guitar and I can't believe how smooth the whole experience is - I've also been dropping in from time to time just to see what's going on.  If you're a musician, you need to get into this right away.  And if you're an entrepreneur or investor, it's time to start paying attention to these extraordinary technologies of cooperation.  You can start by checking out some sample tracks - all recorded live from Ninjam jamming sessions.\nNow the Ninjam app could be described as \"basic\" and it might take a few minutes of tweaking to get it working on your machine (if you're having trouble, try changing the audio configuration - it worked for me).  But the potential here is huge - I would definitely pay a subscription for access to the service, and I can think of plenty of extra features that I want.  How about incorporating a social network and inviting users to your jam based on their music tastes and what instruments they play?  I don't know whether the Ninjam guys are planning on monetizing any of this, but I'm sure it would make a great business.\nI'm told that other players in this space include Jam2Jam, MyVirtualBand and RiffTrader, but I haven't had time to try these out yet.  If you've tried any of these, let me know how it went.\nPS. Robin Good has a great post on Ninjam, with more details on the service."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2005/12/05/ninjam-online-music-collaboration/>