More social networks are lunching new application platforms

More and more social networks are going the Facebook rout and lunching new application platforms.
Hi5 had also already announced on its blog the release of its API, which seemed to offer some additional tools for the developer community. According to VentureBeat, the full platform will be available to developers within the next 12 months.
Tagged, which has well over 40 million members, is building a platform that will exactly mimic the Facebook Platform API. In other words, if successfully implemented, Facebook apps will be able to run on Tagged without any significant code changes (developers will have to manage the different user communities, of course).

Source: Mashable