Weblo was a website on which users were able to purchase and trade imaginary online ownership of states, countries, and individual street addresses.[1][2][3] The website was accused of being a pyramid scheme.[4]

Weblo
HeadquartersMontreal
Founder(s)Rocky Mirza
LaunchedSeptember 2006; 18 years ago (2006-09)
Current statusDefunct

History

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The website was launched in September 2006 by Rocky Mirza.[5]

In 2006, the company filed a patent for "virtual property trading".[6]

In July 2007, the company raised $3.3 million from VantagePoint Venture Partners.[7][8]

References

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  1. ^ NICOLE, KRISTEN (April 6, 2007). "Weblo Making Millions?". Mashable.
  2. ^ Needleman, Rafe (October 6, 2006). "Weblo's world: a crazy online economy". CNET.
  3. ^ Ferris, Marc (September 15, 2007). "Weblo wants to sell you a bridge". The Real Deal.
  4. ^ Marshall, Matt (April 6, 2007). "Pyramids continued: Weblo, become a virtual governor". VentureBeat.
  5. ^ Martin, Matthew (July 13, 2007). "'Rotorua' sold on the internet for $19.12". New Zealand Herald.
  6. ^ "System and method of virtual property trading". Google Patents.
  7. ^ Marshall, Matt (July 16, 2007). "Weblo, where you can be a virtual mayor, raises $3.3M". VentureBeat.
  8. ^ NICOLE, KRISTEN (July 16, 2007). "Weblo's Virtual Domain-Buying Site Funded for $3.3M". Mashable.