MySpace will using Snocap technology to sell music from independent bands that already have their pages on the number one social networking site. Pricing will be up to the sellers. Music makers had been asking iTunes this option, but Apple is sticking with its 99-cent pricing.

MySpace will sell music in MP3 format and that may be the reason why the big labels aren’t joining yet. MP3 does not come with protection but it’s the most popular format available today. PayPal will be the payment facility.

Read it here.

Since PayPal does not love the Philippines, this service is not available to Philippine residents. Ph well, SpiralFrog isn’t accessible, either.