Geolocation social networks are set to be in 2010 what microblogging was in 2008 – the next big thing. Currently the space is being dominated by Foursquare, with others like Gowalla, MyTown and Loopt trailing in its wake.
While Gowalla has secured a large amount of funding, some $8.5 million, and My Town claims more check-ins than the other services, Foursquare is happily ticking along on the seed money provided by its founders (after they sold their original effort, Dodgeball, to Google), and creating a community of developers who are eager to build secondary applications. There are two reasons Foursquare is gaining so much ground over its competitors …
