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"Weblo is a virtual real estate site with social networking features that most of us labeled pointless.  In Business 2.0 this week, however, the company claims that it will pull in $2 million in revenue in the second quarter of 2007, and $10 million in revenue by the end of 2007 - figures that sound insane to most analysts.\nOn Weblo you can buy and sell virtual property such as landmarks and even cities.  Once you've gotten a virtual property to call your own, you can build out your site, because that is the main attraction that will earn you money and increase the value of your property.  To this end, Weblo has added some social networking components to create a bit of stickiness to the domains within their system.  An emphasis has been placed on members of the virtual location now, and they can participate in forums or take a poll.  They've even provided a Weblo widget for you to embed on your MySpace, hi5, Piczo and other social networking profiles for your virtual property to gain more traction.\nOutside of these components, there is little customization you can do for a given Weblo domain.  But it's clear the direction this is going in.  With the rise of property buying and selling within the popular Second Life virtual world, Weblo thinks it can build a profitable virtual economy.  But just like Second Life, it seems totally vacuous to outsiders: what's the point of buying these non-existent properties, and couldn't they suddenly become valueless?\n\n\n\n"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/04/05/weblo/>