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MySpace has launched a new initiative called Data Availability which will allow members to share profile data with other social and community sites across the Web.

Yahoo, eBay, Photobucket and Twitter are partners of this project.
Co-founder and CEO Chris DeWolfe, chief operating officer Amit Kapur, and vice president of technology Jim Benedetto announced the new development in a press call Thursday.

DeWolfe said:

It’s an innovative offering to empower the global MySpace community to share their public profile content and data to websites of choice throughout the Internet.

The program is available to MySpace’s users worldwide.

According to DeWolfe:

Historically, social destinations on the Internet have operated as independent, autonomous islands. Today MySpace no longer operates as an autonomous island on the Internet. We’re hoping to create a significantly more social experience across the Web.”

MySpace rival Facebook had launched its developer program last year but but it is reluctant to partner with other sites outside of allowing them to create developer applications.

The system will use OAuth (Open Authorization) for authentication and currently, OpenID is not supported but it’s a possibility in the future.

JavaScript and server side controls will be released over the next few weeks for partner sites’ administrators to have access to public MySpace data. Benedetto said that MySpace will be “aggressive” to make sure that profile data is not exploited by third parties.