MySpace founder Chris DeWolfe has indicated that MySpace will likely open its platform to 3rd party developers, according to a report at FT.com

The move will see MySpace following in the footsteps of Facebook; Facebook’s wildly popular F8 release has seen in excess of 1000 additional applications made available to Facebook users and has driven enormous growth.

MySpace still maintains leadership in the social networking space based on user numbers and traffic, and has continued to grow; however there is little doubt today that the hearts and minds of the people who count have abandoned MySpace for Facebook. The moves to an open platform also comes after reports earlier this week claiming that DeWolfe was asking for a $12.5 million annual salary to stay on at MySpace. If DeWolfe can successfully play catch-up with Facebook he may end up being worth it.