Foursquare: Why It May Be the Next Twitter

When we first wrote about Foursquare back in March it had just hit the web scene at SXSW and was taking the social media community by storm. We instantly saw the potential of a location-based service based on your Twitter network with an added layer of social gameplay.

Now we’re starting to see the app get adopted by more and more of our friends, finding traction in San Francisco, New York, Los Angeles, Atlanta, Chicago, San Diego, and several other hyperlocal metro hubs. These breeding grounds of Foursquare activity are creating quite a frenzy, and we thought it appropriate to take a step back and survey the surrounding location-based social networking space as it applies to mobile apps, look forward to the future, and break down the beauty of Foursquare.

While no service is likely to achieve the same scale as Twitter in the coming months, Foursquare has all the right ingredients to be one of this year’s big hits. …