The rise of WEB3 content platforms has created a transformative shift in the digital content space. These decentralized platforms, Hive, for instance, empowered by blockchain technology, has changed the way content is created, distributed, consumed, and monetized.
As content creators and consumers, WEB3 offered a secure, transparent, and equitable environment. And those intermediaries present in WEB2, and controlling the revenue distribution for our contents had been removed.
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WEB3 allowed us to connect directly with our audience and to do so using its decentralized nature. It did not stop there, it went ahead and provided platforms that support free speech, open communication, and censorship resistance.
Hive has been seen to foster collaboration and peer-to-peer interactions because of the opportunities that we have to engage in content in innovative ways. This has created new opportunities and the chance to build and grow the various communities in this space.
Our internet experience has been changed and the distribution of resources has been fair when compared to what we get in WEB2 platforms. With this new shining light, WEB3 has disrupted the traditional centralized content platforms and is bound to bring them to a close one after another as the years pass by.
Even though we are still facing the challenges associated with fast adoption, we are still very early so we are not sweating it out too much. I know some users may find it difficult to navigate the ecosystem because it doesn't look like their typical WEB2 platforms.
But thank goodness for the Leofinance team who are trying to improve user's experience when it comes to getting onboarded on WEB3 platforms. We have seen how the introduction of Leofinance's new UI and threads has sought to solve the problem of adoption.
As the team continues to create interfaces that are familiar to a typical WEB2 audience, the gap between gaining massive adoption is closing. Therefore, the resistance that might be have been faced in the past as a result of the technical limitations and Blockchain complexities is getting solved by the team.
This will help with adoption and a lot of people will be encouraged to migrate to WEB3 in no-distance time.
On Hive we are already aware of the breakthroughs that WEB3 brings to content monetization. But the world out there still needs a bit of convincing that content creators have the chance to bypass intermediaries like YouTube, Netflix, and Spotify. They need to understand that they can connect directly with their audience and earn a larger share of generated revenue.
They need to come and around and see for themselves that Hive as a part of WEB3 allows them to create revenue streams thereby providing an additional source of income.
Plus, they will need to be aware and fully informed that their contents stay secure and protected. This is because Blockchain technology supports security and transparency both for creators and consumers.
This move is great in the sense that the issues of copyrights can be addressed because of the transparent nature of the blockchain. So content ownership can be tracked easily and every user stays accountable.
The best part about it all is the fact that Decentralized autonomous organizations (DAOs) offer a democratic and transparent approach to moderation. And users get to vote on and enforce community standards with equality on all sides.
As web3 allows content creators to continue having more control over their content and revenue, it will lead to a shift in revenue and market share, thereby, empowering content creators and consumers alike.
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