MySpace Tries To Incentivize Developers With $50,000

Yesterday MySpace announced the launch of the “myspace Developer Challenge”, a program which awards developers with $50,000, evenly distributed among 5 categories, in an attempt to build more buzz about the company’s expanding API set. As the developer challenge page explains, developers can submit a MySpace application, or integrate with the company’s Real-Time Stream API, Open Search API, Photo Upload API, or integrate with the MySpace for iPhone application.

This competition should raise the awareness of MySpace’s wide set of APIs.