Does the Internet have space for another Social Network?

Over the years, the Internet has seen the rise and fall of many a Social Network. It seems that, aside from the recognized leader in Social Networks- Facebook, there are now Social Networks popping up all the time, and for different reasons.

We have Networks like Google Plus, which focuses more to the Tech Savvy users, LinkedIn, designed to allow for professional networking and even a revival of MySpace, who would like to be the Social Network for Musicians.  A couple years ago Apple attempted to create one called Ping, which focused on the social experience of loving Music. Even Yahoo dabbled in this concept with their retired Yahoo 360 service.

The latest to join into this area is a service called RippLn. RippLn, according to their Website, is the "active state of a ripple" and "a new app that is powered by enabling technology which is set to make waves around the world.".  Their website also claims that Rippln "brings long-overdue transparency to the social engagement business and has created a new monetary model for 'eyeball acquisition"

Basically, from the sounds of things, what Rippln appears to be trying to set up is a Social Network that Pays the user for using it, the more you promote and use sites like Facebook, Twitter, Instagram and Pinterest, the most Rippln claims a user can earn money. But with advertising, like the one in the image below, is that message reaching the audience this new player in the Social Network Market trying to capture.  Right now Rippln is being prepared in a "By invite only" format. The questions to be answers, however, do you readers believe something like this is viable and does the Internet have space for another unique Social Network, this time one that survives on the strengths of the existing ones?

More info on Rippln can be found at their Website http://rippnetwork.com/

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