Update: As per the official press release, Rediff the initiative is called Sociali. What's most interesting - and most commenting on the initiative don't appear to have realized this - is that the opening up of the API extends beyond Rediffs social applications like connexions, iLand and iShare. This means that it will eventually be possible to create applications for the news portal (Rediff mentioned apps like creating a timeline for news). The one I'm looking forward to most, are applications for Rediff Moneywiz...how about a "Create your own Index" app? Original story: You're reading it here first: MediaNama has learned that Nasdaq listed Rediff.com is planning to open up its API for developers, allowing them to create applications. We're not sure of when Rediff is officially going to announce this, but a confirmation comes by means of a link - http://developer.rediff.com/ . Rediff is offering grants of Rs. 250,000 for innovating application ideas. Details on the documentation here. The word is that iShare, Rediff's video sharing platform, will be the first service to be be opened to developers. Interestingly, Rediff has decided to comply with the FBML(Facebook markup language) and OpenSocial. Looks like there's money to be made for application developers - to create an Apps Economy. Thoughts on Apps This is interesting in the context that at Proto yesterday, I was discussing "Application Fatigue" with a few people. A month or so ago, I logged into Facebook, and individually deleted most of the applications that I've subscribed to.…
