Can you create another blog in your buddypress with its own groups, forums, etc?

Hi,

I’d like to know if this is possible in Buddypress…

I have @abc.com">blog1@abc.com with groups, forums, members and articles and I’d like to create another blog called @abc.com">blog2@abc.com with its own groups, forums and members.

Is this possible? It’s like having two social networks in 1 domain?