Live Blog of DevJam @Myspace, sf monetization panel and OSML by Myspace

I am sitting at DevJam event @Myspace, will blog live as I find interesting stuff (I am not blogging everything here today!


3.30pm: Monetization panel:
Request to Myspacefrom developers from the panel:

1.Jason of App-o-rama: Can you make the approval process faster? When a developer adds and update it brings the app down for couple days which kills growth.
2.John.H of RockYou: More stability from the platform
3.Nick of MakeaBaby: Tell us as you change things that will break our apps proactively.
Audience Q&A:

Q: How did they get stared and arrive at offerpal for virtual currenct?

Its all about comfort level with the virtual currency company, everyone mentioned Julie of offerpal. They also did A/B testing and found offerpal was at par or better than others.
Q:How do you bring down an inflated virtual currency?
Jason had that experience in space domination game. 2 users reached the top level, we brought it down w their top user's permission.
Nick: We created new virtual goods. eg. W ehad an ipod, added a star in front of it, called it blinkpod and charged it 10 times more.

Q. Do you allow secondary markets?
Jason, no, you don't want someone else to make money that you could earn.
Q From Abdul Rehman (AR): Followup question, users are going to do that eventually. Why not setup an exchange.
A: Offerpal will add that if need arises, not needed yet.

4pm: Chris Cole of Myspace presents OSML
Updated with video here:


Myspace Devjam Feb08 from sujam on Vimeo.