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