Did you see the latest article by the @leofinance team?
This laid out a roadmap that is very powerful. Considering what we are obversing of late, this move makes a great deal of sense. In fact, it is something that we discuss quite frequently over the last few weeks.
Since Elon Musk took over Twitter, he has discussed the "Everything Application". This is coming under the X App model that Musk laid out more than 2 decades ago.
Make no mistake, he is not going after Twitter to make it a better social media application. Nor is he really concerned with integrating payments. While both of these will be a focus, he has bigger fish to fry.
Elon Musk had visions of making Paypal into the largest financial institutions in the world. Here is an interview he recently did with Ray Dalio.
Move forward to 42:30 and play for about 1 minute to get the reference to the X App.
These are words to heed.
Tapping Into Hive
As stated repeatedly, Hive has the potential to have dozens of "Everything Apps". Since we operate a decentralized database, it is only a matter of integrating into what is stored. This can be done by any front end.
Leofinance is obviously taking this to heart.
One of the biggest changes that occurred in the direction of the blockchain came from Leofinance itselt. The introduction of LeoThreads brought microblogging like Twitter to the Hive blockchain. This is something that can be expanded and built up.
This is exactly the new direction.
We all heard about ProjectBlank. It is going to be the stadalone application that will allow for all microblogging on Hive. This is something many were waiting for.
Unfortunately, it is no longer the case. LeoThreads is NOT a prelude to ProjectBlank. Instead, Leofinance is going to be ProjectBlank.
We all know that Leofinance is redoing their UI. The focus is going to be upon microblogging and the alpha released is expected in roughly 2 months.
Now the infrastructure is going into place that will allow for scaling and expansion. Leofinance is adopting the mindset of tapping into all Hive has to offer.
Hopefully other front ends will realize the same thing.
Decentralized Finance
Another aspect of the Leofinance ecosystem is the ability to engage in DeFi. Since it is still rather limited on Hive, we see the branching out to BSC and Polygon.
Decentralized Finance is a crucial aspect of Web 3.0. Anyone who believes this is just about social media does not understand the full implications of the shift. DeFi opens up many possibilities that do not presently exist.
So far, Leofinance is the one taking the initiative to create derivatives for the base layer coins on Hive. With both a Polygon and BSC version of HBD as well as $HIVE, we can see the expansion of both occurring. This is vital for the future as it offers another layer of resiliency.
As profitable as social media can be, it is peanuts compared to the financial world. DeFi truly can offer the possibility of disruptiong Wall Street. This is something that Hive has to tap into.
It was the entire premise behind the Hive Financial Network article that was put together. Leofinance is suited to implement some of these ideas. It was built around the premise of finance and is now expanding.
One final piece of news is the update on LeoAds. It seems like we are seeing an increase in the revenues, which will be more traffic via microblogging. This is a program that helps anyone holding Leo Power. It cannot be stressed enough of how much of a Web 3.0 concept this is.
Couple this with some developments that are pending with LeoGlossary, and we can see the overall amount of traffic exploding.
And all of us share in it.
This is the future of Leofinance.
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