Weblo

Weblo was a website on which users were able to purchase and trade imaginary online ownership of states, countries, and individual street addresses. The website was accused of being a pyramid scheme.

History
The website was launched in September 2006 by Rocky Mirza.

In 2006, the company filed a patent for "virtual property trading".

In July 2007, the company raised $3.3 million from VantagePoint Venture Partners.