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After Facebook’s annoucement to open its doors to “new and innovative” applications as previously reported (New fun features for Facebook), MySpace is set to follow its footsteps, and gets outside developers to contribute new applications to their website.

Since adding new applications to its website Facebook has enjoyed some expected success and growth. Users can now share videos, audio and photos, and it has become a window for finding such services.

With the addition of new features, MySpace is looking to offer its users a similar type of services and continues competing at a similar level. Currently Facebook is the UK’s most popular social networking website - with 47 million users worldwide, but Myspace is still the worlds biggest community with 188 million users.

As per Chris Dewolfe, MySpace’s chief executive, “the idea will be to allow outside developers to tightly integrate their applications into MySpace (…) I would say we’re different (than Facebook) and in spite of all the hype we seem to be growing faster”.

This new step will definitely give this company another competitive edge on Facebook and increase the value of social networking websites, not only in the digital world but also in general markets. These are good news for all users finding new ways to promote themselves online. In the past 2 years musicians, such as Lilly Allen and Kate Nash, have found MySpace to be a perfect launching and social networking site, and could enjoy platinum success.