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James Hong

Tuesday, March 28, 2006

The concept of Virtual Flowers is growing!

Jim and I certainly love the fact that within weeks of launching HOTorNOT, there were over a hundred other picture rating sites on the web.

I'm very proud to say that another concept developed by HOTorNOT, this one masterminded and implemented by Dawn Pollak and Greg Lin, has recently been launched by another very large and cool website, Livejournal.

Dawn and Greg created HOTorNOT Virtual Flowers. We usually keep numbers quiet, but in order to give Dawn and Greg the level of props they deserve, I will say that last year over 100,000 flowers were sold!

Using a system very similar to Virtual Flowers, Livejournal has recently started selling virtual gifts. Kudos to them, I am certain it will be very successful for them. I think this is just the beginning of a new business model that will help to sustain virtual communities beyond boring advertising models, and possibly even subscription models.. and kudos to dawn and greg for creating something so cool. 5 years from now, I think the impact of their work will be widespread and deeply meaningful in ways we can't even comprehend yet.