Virtual Entrepreneur

Gadgetell.com:
It looks like another web 2.0 product has emerged from the darkness, they seem to be coming out of nowhere with various different ideas and solutions for getting attention of the buzz world. You’ve all heard of fantasy football and probably more recently fantasy politics.

Now there is fantasy blog share trading from BlogShares, you get fake money to trade shares of various blogs across the network. It has the entire atmosphere of a self contained little community about trading shares of blogs.

So far there doesn’t look to be a whole lot to it except the bare bones idea of holding shares of blogs and getting bloggers to register various blogs in order for them to have a large directory of blogs as well as a medium to have the top 100 blogs (and more) based on share price.

It is a pretty ingenious way to get people to register their favorite blogs though, it seems like it is mostly about marketing on the back end and on the front end gives bloggers a place to talk and live there bloginess (I coined the term blogginess, remember that) ideals.

Although it appears they’re working towards reasons to have shares of a blog that make a little more sense there’s a bit of a hierarchy to the website that gives the bloggers that visit a reason to compete between themselves and not just websites competing for the number 1 spot.

The web site has karma points that you get from suggesting web sites, categorizing web sites and other wise feeding them with marketing data. They have yet to have a way to spend your chips and karma points that really make any sense. But if you are a competitive person it gives you a place to be just that in the blogging community.

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