Web2 has come up with some really interesting products. These products are ever-evolving - as is the landscape of being a creator on the internet.
Between Tik tok, Instagram, YouTube, Twitter, Discord, Substack, etc., there are nearly infinite combinations of business models that creators can leverage to monetize themselves on the internet.
Web2 is doing this really well. They're building value capture models that creators are coming in and leveraging in ways that people only dreamt of 10 years ago.
Something else is emerging out of Web2 though... It's something that we all believe is far more valuable than any application, product or dream that can be achieved solely in Web2.
What Web2 is Doing Right
Web2 is doing quite a few things right. One example of a platform that is taking off in various directions is Discord. Balaji tweeted a few things he was impressed with in terms of Discord's execution as a Web2 business:
They added Forum Channels recently which is essentially a clone of Reddit but deeply integrated into Discord.
Other additions like Substack-style subscriptions, etc. have shown that Discord is pushing to be its own little "everything app". Elon Musk isn't the only one in the Web2 space trying to achieve this.
Web3
Everyone wants Web3... well, everyone except Web2 businesses. Web3 brings data privacy, digital ownership, accountability and better community value capture models.
It's really amazing to think about the possibilities for Web3 to seep its way into the world and take control of the narrative. Imagine all of the things Balaji has listed about Discord being available on Web3.
I was just listening to the Tim Ferriss podcast episode with James Clear yesterday and they were talking about how they are multi-platform + build an email list because they are worried about being banned on any of the major social media platforms which would disrupt their ability to do business.
This doesn't happen on Web3... On Hive, you don't just get banned and lose your following.
The Final Nail in the Coffin - How Hive Can Dominate Web3
Imagine a day and age where you can build your audience and know that you truly own your digital identity.
Imagine that you have a Web3 account that you can manage a variety of dApps through. Imagine that you can play blockchain video games with your followers and gift them NFTs or perhaps even create your own NFTs that can supercharge what your followers do when they interact with your content.
This already exists today. This is what Hive is. The key now is building dApps with incredible levels of usability.
LeoFinance is aiming to build The Everything App. Discord is doing it. Twitter is doing it.
We're building an incredible user experience that can then be overlayed with things like Substack-style subscriptions, reddit forums, etc.
Why Don't More People Know About Hive
This is the question that we all ask constantly. Why are people not talking about Hive. I mean, look at the tweet from Balaji:
"Now, of course I want web3 Discord.
Where community members own their keys.
Urbit has a shot at that, as do other projects.But Discord itself is like a web2-to-web3 bridge.
They could add wallet support and E2E.
Ideally via something like Apple's recovery keys...
He wants what Hive has to give but he doesn't know Hive exists. Or if he does, he doesn't believe it has the potential to gain network effect.
In my opinion, the way to change this is to keep refining the dApps here on Hive. As someone who personally holds 1M+ HIVE POWER, my aim is to be a piece of the puzzle. A part of the solution.
Keep building and keep refining the user experience. With the new UI, we're aiming to do this by bringing Crypto Twitter a truly user friendly, high quality and easy-to-understand experience. Other dApps like Splinterlands are aiming to bring a high quality gaming experience. 3Speak is aiming to bring a high quality video experience.
We're all a part of the solution. Stay buidling 🙏🏽
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io