This is exactly the conversation we need. I was trying to suggest something similar within the SkateHive community, with ads for skate companies and brands.
If you compare the business model of social media with Hive, they’re both free, but social media monetizes your attention through advertising and data collection, and we do none of that. That’s a lot of value we’re just leaving in the table cause some ppl don’t like ads.
Meanwhile Brave shows us a model where we can give people control over what they see, or if their data can be used. We could essentially be curating advertisements, as well as selling data with consent, and have the revenue be shared through a Hive buy back program.
Other ideas I’ve had include crazy things like focusing on the emerging demand for open source scientific research journals, archives of journalistic materials, training open source ai models, and decentralized versions of any other thing out there that have been too centralized.
Hey, I barely know the SkateHive community but highly respect the community, I swear to you everyone on Hive knows you guys because of how active you guys are in a very good way! Keep rocking and rolling, even without not knowing much I heard enough about your porjects to respect a lot. At a Hive event we had in Spain many weeks you guys were mentioned a few times because the members are active and creative with creating websites and having brand new ideas.
Well, everything on Hive is public in a way that not even Facebook dares to. It is just that we do not monetize it, but it is very easy for anyone to just scrape data off of Hive and know about your interests and target ads to you outside of Hive. Hive does the dirty job of creating and collecting and preserving data, outsiders benefit from the data neatly stored about us.
Wow that’s cool to hear! Thank the kids in Brazil, and Africa for that! They’ve been taking to Hive like bees to honey!😉 Even had some of our members skating across Africa with Jaay Films.
While I just sponsored an historic longboard race in Canada, and currently working on the video from it.
But of course all this attention is wasted if we don’t find a way to monetize, and maintain it!