While many Web2 platforms offer engaging experiences today, most of them also have in place a reward system that rewards users. Majority of users now find their time on many Web2 platforms very satisfying and enjoyable since they can in a way benefits from their engagement. Platforms like TikTok, YouTube, and various gaming platforms exemplify this trend.They allow users to enjoy reward systems, such as likes or virtual currencies. However, Web3 offers far better experience in terms of giving users not just rewards but much more control over what they own.
We have seen how this works with Hive; users don't just monetize their contents but can boast of being part of a decentralized systems with transparent reward system. This is one of the things that sets web3 apart from Web2. Web2 is centralised since there is a central body in control. These platforms can collect and monetize users information, leaving them with little control or benefit. Hive disrupts this with a decentralised model with a focus on ownership and value creation.
As a user, you are empowered to gain control of your data and reap the rewards of your online activities. Even though social media landscape is now dominated by Web2 applications. They provide a familiar and often enjoyable experience, but most times data is exploited at the expense of the users. Centralised platforms can collect, analyze, and sell users data for advertising and other purposes, even without their knowledge. Hive gives power back to users and offers them power to be in charge of their data and content. This shift in ownership unlocks a new paradigm: value creation and value received.
Creating Value on Hive
There are several ways to create value on Hive and with the predominant one being the creation of value through content and interactions. Every kind of post, engagement or comments, and upvote contributes to the overall ecosystem. This value is then distributed back to users through a tokenized reward system. Users of the Hive dapps are able to earn native token, Hive (HIVE), as they create valuable content, curate quality posts, and participate in everything that promotes community building.
Receiving Value on Hive
HIVE tokens are more than just the likes other users receive on some Web2 platforms with no real world value. The Hive tokens as a known fact has a real value. Users after they have earned them still have a chance to several options to invest and make the tokens work for them within the Hive ecosystem. This direct connection between user activity and financial reward incentivizes everyone to consistently produce high-quality content creation and fosters a more engaged community.
Aside ownership and value creation that Hive offers to users, It also offers users censorship-resistant platform. This even give users more control of what they own. Users have more control over their content and are less susceptible to arbitrary moderation by centralized authorities. Hive is disrupting many Web2 social media platforms as it prioritizing ownership and value creation.
It empowers users to control their data, benefit from their online activity, and participate in a more democratic and rewarding online experience. While Web2 platforms often leave us feeling exploited, Hive offers a better experience, where users are valued participants rather than mere data points.
I sometimes view the receiving value side of Hive as planting a seed that later becomes a tree, through investing those rewards and making them work for you, all within the same ecosystem. Web2 platforms are quite behind in that regard.
That's indeed the fact. The reality is Web3 is the future, it's unfortunate that most people are yet to discover this.
Hive definitely offers amazing benefits to it users and I am glad to be one of such person's.... Great job