I guess this is indeed a good piece of news in the past 24 hours. For those of you who have not recovered from the shocking reducing green bar to the bottom of the line, Izea has come to rescue. LOL!

I we believe we have a solution and that solution is RealRank. RealRank data is gathered from the IZEA Toolkit “ITK” (formerly PPP Tools). It is a piece of javascript that many of you already have and those outside of PPP will be able to get from a separate site without joining PPP or SocialSpark. ITK gathers REAL traffic information, much like your analytics platform and ranks users based on their standing within the network. The formula is relatively simple.

70% weighted towards visitors per day
20% weighted towards amount of ACTIVE inbound links per day
10% weighted towards pageviews per day

I think it would be great for those blogs with high traffic, but then again, it’s geographic segmentation that makes it harder for Asian bloggers. I’m just happy to read about this news, but I’m not sure if it will help us out in making money. Oh well, it’s still a great news to all posties.