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"Foursquare is taking major metropolitan cities like New York, San Francisco, and Los Angeles by storm. The location-based social game that we think has the potential to become the Twitter of location-based services, is creating heated local competitions for venue mayorships amongst the Twitterati and the web famous.\nIn an attempt to capitalize on the attention, buzz, and vendor-appeal of the app, 8coupons, the hyperlocal mobile coupon service, has wisely teamed up with Foursquare to offer a slew of coupons for discounts at hip NYC venues from August 8th - 15th. They're celebrating their second birthday with the OCHO LOCO deals, rewarding game players, and providing Foursquare with what might be a business model in the process.The Foursquare and 8coupons partnership will serve up automatic notifications with coupons when Foursquarers using the app are within a 3 block radius of a relevant deal. Depending on your whereabouts in the big apple, you could automatically discover deals like an 88 cent ice cream cone at Cold Stone, $8 haircut at Extravaganza Hair Salon, or 8 cent cupcake at Buttercup Bake Shop.\n\nAlthough financial details of the partnership haven't been disclosed, we can surmise that Foursquare will make a percentage of all sales from the participating vendors. The correlation between your physical location, a mobile app designed to tap into and find the best a city has to offer, and location-aware coupons is a brilliant way to capitalize on the social mobile web, and we hope to see more things like this in the future.\nThe deal demonstrates that, as we suspected, Foursquare is poised to be a prime player in the location-based social networking space. They're still only a few months old, having launched at SXSW, but already proving that the very nature of the game and the experience are at the core of their business model.\nSee Also: Foursquare: Why It May Be the Next Twitter"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2009/08/07/foursquare-partnership/>