UrTurn- Make Virtual Bucks Using Facebook

Currently in public beta mode for Facebook and soon to be available for Myspace as well, Urturn is a virtual marketplace that rewards people for doing various things on Facebook and Myspace. Those interested simply need to add the application to their Facebook/Myspace page and then they can start earning points by inviting friends, adding photos, changing status messages, posting a blog or forwarding the application to a friend on Facebook or Myspace. Points can be traded in for prizes at the UrTurn marketplace which currently includes iPhones and iTouches, or they can trade them in for cash, assuming someone wants to buy them.

“Earn points on the two most popular social networks (with more to come), Facebook and Myspace (coming soon), by adding the urTurn widget to your account. After you have successfully added the widget/application to your profiles, you can begin earning points immediately!”

There is definitely space for a well thought out currency application on MySpace and Facebook. Uturn could become a widely used online currency.

It takes an awful lot of points to actually be able to buy something leading one to question whether interest will fizzle out too quickly. Have they considered offering smaller more attainable prizes to get the ball rolling?