Frank Hsu Founder Of Oversee.net Makes Waves With AppBank.com

Talk about a media blitz, I couldn’t help but notice that domaining veteran Frank Hsu’s new service AppBank.com is garnering a great deal of media attention. Frank has started a company which pays end-users for creating and uploading social content to social networks. Currently they are focused on Facebook and any end-user with a registered account on this social network can participate.

AppBank is a free service and deems itself as the place for making social money. Nice slogan! According to the Wall Street Journal the company is already turning a profit and currently has 3,000 applications that have been developed in beta stage. Considering that AppBank just launched live to the public on September 29th of this year, shows the impact of what a well executed idea is capable of.

Frank is an icon in the domaining industry and is set to make waves within the social networking arena as well. I haven’t seen other ideas similar to this, but I am sure if this idea continues to move at the pace as it has been there will be a number of competitors trying to grab a piece of the pay per social content model.