Google Inc. (NASDAQ:GOOG) announced that they are handing off Google Wave to the open source community. This is because Google decided to end development of Google Wave as a standalone product.
The Google Wave team will expand on the 200,000+ lines of code that went into the product and detailed on the website waveprotocol.org. The open source project will be known as “Wave in a Box.”
The Wave in a Box project will have an application bundle that includes server and web clients that support real-time collaboration. Threaded conversations will be supported in the Wave in a Box application. Wave in a Box has gadget, robot, and data API support. Wave data can be imported from wave.google.com.
The open source project will not have the same functionality as Google Wave, but developers will have the ability to run wave servers and host waves on their own servers.
[Google Wave Blog]