MySpace has announced that it will adopt OpenID, an initiative that allows users to sign into a number of different platforms using a singular login. The social network also revealed plans to give its users the ability to add profile content to Flixster and Eventful as part of the Data Availability project.
The news is quickly generating a lot of buzz. However, several observers are warning MySpace users to temper their excitement, noting that the company will not accept third party login credentials. There is some speculation that MySpace will change that stance down the road. The company is holding a developer conference this week, so look for more news in the near future.