MySpace the world’s largest social networking site has announced that it will also alongwith Oracle, Salesforce.com, Hi5, iLike, LinkedIn, Slide, Ning, Friendster, Six Apart and Plaxo will be participating in Google’s OpenSocial.

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For those who don’t know what OpenSocial is. It is a Web standard designed to let every social network support that wants to enable the sort of Web-based social applications that have helped made Facebook the talk of the Net in recent months.

This step by MySpace is quite a major step for all. Google’s OpenSocial is going to get a lot more to streamline the creation and adoption of social Web applications.

For developers, the addition of MySpace to OpenSocial is a major step, opening their applications to that social networking site’s massive base of users.

I think this will lead to the launch of a lot more social networking sites over the world. But the fewer the better. It is easier to find friends on one site like Orkut.