Creator Economy | Hive Is On The Forefront

It's pretty wild but in the last 10 years there's been a big changes on the internet in terms of how content is shared, created and who gets credited for it.

It wasn't until the likes of Facebook, Instagram, Twitter etc started to collect massive data and sell your data that a huge shift away from content creators was taken away from them and instead it turned into a abusive relationship where content creators had to pump out more content and try and please these platforms while they are selective with who they promote and allow on their platforms etc. It's gotten bad and it's gotten to a point that we are starting to see a new shift back to content creators again and it's all thanks to crypto and the push for Web3 and decentralization.

Note While I personally feel there will never be a fully decentralized platform because spam and many other very negative things would take it over because sadly a majority of humans are nasty.

The Creator Economy

There's been a increasing shift and outcry for everyone creating content including some crazy bans and removal of freedom of speach, having control over the data you put out and so forth. We all knew these were increasing becoming a MAJOR issue and they still are today. While some sought to get the goverment involved we clearly saw how clueless they are on the matter when the trails with Facebook started.

This meant it was up to us the people to come up with solutions and the single place offering that is... Crypto! What's crazy is Hive has been doing this for years now but just because you are the first doesn't mean you'll gain the most traction. Often times it's much more difficult as your almost reprogramming the way people think and the structure of their mind, content creation etc. This has made the adoption of Hive slow but it's getting there.

The missing pieces are creating truly decentralized systems that not only mimic current social platforms such as Twitter (Project Blank/Threads by LeoFinance coming soon), blogging and article writing through Hive itself at its core. Youtube alternative such as 3speak and the SPK network, Gaming such as Splinterlands are all shaping what hive really is. It's this external platforms that really shine through for Hive but the process has been a little slow.

After the development major marketing needs to take place and the price of the token needs to hold value. This is primarily going to be done through ads, sponsors etc. One of the biggest things to fuel adoption will be how much can be earned from the platform.

This is one of the most critical parts I feel most are not understanding here on hive. Youtube, Facebook, Instagram, TikTok etc all fuel MASSIVE value because they pay back some of that advertising revenue back to its content creators at about a rate of 65%. This means the company keeps 45%. This same principle of running ads on these platforms is what will give the token value its price and how it remains strong while paying out the content creators on the platform. When I hear things like oh we wouldn't make enough to run a few ads on hive etc. I simply think to myself that's a failed project that is only on speculation value from investors. Funds have to come in and I hope to see that shift on many platforms here soon as it's greatly needed.

What comes of this creator economy is a sense of ownership, transparency of earnings, privacy, security and the creator owning 100% of what they create instead of the social platform they posted on. Those are key important parts and have lots of value and allured to them but without tokennomics and value coming in to fuel that tokens value it's pointless.

Posted Using LeoFinance ^Beta