Social networking colossus MySpace has launched a Pan-Asian game development contest. Developers from China, India, Japan and Korea will square off against each other to develop the best social game. The contest stipulates that developers be legal residents of one of the four countries mentioned above and above the age of 18 years. And no development team should have more than three members. The contest will culminate at the Tokyo Game Show and the winning social game will be plastered all over MySpace after being translated into English, Korean, Chinese and Japanese, besides that, cash and other prizes will be up for grabs. Registrations are open right now.