Facebook Singing a New Tune

It appears that Facebook.com’s “secret” music project won’t be an iTunes-like music store as rumored but a venue for musician profiles venue similar to that of MySpace.com.

Rafat Ali of PaidContent says that the project is a sort of “artist platform” that will let bands and labels make artist profiles. It will also “allow various widgets to be embedded for music promotion, organizing events, etc.,” said Ali. These widgets will be similar to current Facebook “applications” and will continue to be made by third-party programmers.

The project promises to take the Facebook versus MySpace competition to new heights. This is especially true since MySpace’s music enterprise is one of the things that made them popular in the first place and until now has set them apart from many other social networking sites.

Hopefully the competition between the two Internet super powers will result in constant improvements in the quality and performance of each website. That should show the world that sweet sweet capitalism is still alive and well.