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This is not a financial advice but if you're smart enough you can get financial freedom with this projects
Introduction
HIVE Blockchain Technologies allows to connect blockchain technology and the social media industry in an innovative way. The projection of this analysis shows us that HIVE will be able to compete against the giants of the mainstream social media industry
The boom in the massive use of smart devices and social networks in the last decade of our century has allowed some large corporations in Silicon Valley to have the oligopoly of the use of this type of digital platforms, which help us interact with our friends, family and at the same time it offers us the possibility of meeting people around the world.
To understand the size of this great business, we are going to look at the following Statista graph that illustrates the massive growth in network use since 2017 and the projection towards 2025. The data tells us that more than 4 billion users will use social media for the middle of this decade.
Graph 1: Projection of the growth of social networks for 2025
Source: Statista
The mainstream social networks that are massively used today such as Facebook, Twitter, Instagram, Snapchat, Tik Tok, Youtube, among others are centralized platforms, although they are free, users are currently enriching a billion-dollar oligopolistic industry.
Graph 2. Billions of users in social networks
Source: Our World In Data
Although the last graph is from 2018, it shows the concentration of the use of networks such as Facebook, Instagram, Snapchat and Tik Tok. These are a few companies that currently concentrate a trillion dollar market, let's see:
FACEBOOK:
Source: Companies Market Cap
ALPHABET (GOOGLE):
Source: Companies Market Cap
These two social media companies alone account for nearly $ 3 trillion of market capitalization. That number beats the current market capitalization of the cryptocurrency market:
Graph 3. Crypto Market Cap
Source: Live Coin Watch
THE REVOLUTION OF HIVE BLOCKCHAIN AND WEB 3.0 IN THE SOCIAL MEDIA MARKET
The HIVE Blockchain, as the white paper of this project illustrates, is an innovative decentralized Blockchain built under the Delegate Proof Of Stake (DPOS) protocol. This blockchain, which allows us to communicate through the Leo Finance platform, has a wide network of decentralized applications, among these are decentralized social networks such as PeakD, Ecency, Hive Blog, 3Speak and communities such as Leo Finance.
These Web 3.0 applications allow content creators to monetize their content according to the intrinsic value that users place on the quality of the content created. Now users can receive token rewards for playing video games like Splinterlands, blogging in communities like Leo Finance, uploading videos and streams on 3Speak, and monetizing content without the need for a centralized platform like mainstream social media.
This allows us to monetize the content we create without having to interact with a centralized platform such as Facebook or YouTube, achieving that users obtain greater rewards for the content they create.
This revolutionary project makes users interact with the cryptocurrency market in a more accessible way. If we take into account the potential growth of people who in the next 5 and 10 years will use social networks, the HIVE blockchain could compete with the giants of the oligopolistic industry of the Wall Street giants.
As a cryptocurrency, the projection of HIVE and the HIVE Dollar is also favorable for exponential growth:
Chart: HIVE TO USD
Source: Live Coin Watch
Chart: HIVE DOLLAR TO USD
Source: Live Coin Watch
As Jim Morrison once said, THIS IS THE END, but for the oligopolistic market of big tech companies and social networks, and HIVE will be the beginning of this technological and social revolution.