We are seeing a magical transformation on Hive.
Over the last few days, we saw engagement skyrocket in terms of daily activity among users of LeoThreads. We recently discussed how micro-earning is starting due to the addition of microblogging to the ecosystem.
The new UI has been a success. Even though it is in alpha, the key is the speed at which it operates. There certainly is the "twitter-feel" to what is being created.
We truly are watching the foundation of Web 3.0 being laid. Here is where we see the eventual successor to the present Internet. Web 2.0 is passe, a technology that is only going to diminish in influence over the next decade.
The Age of Abundance
To start, the value generated by Web 2.0 and the Internet was incredible. It will be dwarfed by what is created by Web 3.0. Whereas the last interation amounted to tens of trillions, we could be looking at quadrillions with the next one.
Tokenization also provides the ability to capture that value and distribute it those who create it. This is a radical difference between the two iterations. We now have a siloed system that financially benefits a few mega-technology companies. We see tremendous value placed in the hands of a few billionaires along with their shareholders.
The advanced of the system brought society forward in ways few imagined. From this, we will presume that it will repeated over the next few decades even if we do not know how it will all unfold.
Another conclusion that can easily be drawn is that we are bringing about the Age of Abundance. Due to the spread of tokens, along with the creation of a new monetary system, we can see how this is going to change the entire premise under which we operate at least digitally.
LeoThreads are starting to show us how the basics are beginning.
We are seeing people being rewarded for activity that is similar to what they do all day long on Twitter. However, that is helping to line the pockets of Elon Musk and his investors. The people actually creating the content never see a dime.
Here is where Web 2.0 is vastly different from what we are building.
Leofinance The Everything App
One of the most exciting aspects is the idea that Leofinance is going to try and become "The Everything App". Incorporating microblogging is the first step. The new UI has long-form content already built in although the reading is limited. This will be added over the next month or so as more featured are released.
Each time people earn, in any way, they kick off the compounding. There will come a day when we are earning hundreds of tokens on a monthly basis. This all can be maneuvered to enjoy even greater returns.
Of course, a major advancement will be made when cryptocurrency is the basis of funding. Projects will see out investments from people on Hive, looking to extend outside the digital realm.
Many of these, naturally, will fail. This is something the venture capitalists know well. there will, however, be some major winners. And that is where average individuals will benefit.
Could some of these opportunities be run through Leofinance? There certainly is that potential, where it becomes an angel investing arm for the ecosystem. We could set this up in many different ways but the concept is sound.
Instead of VC money, Leofinance becomes that. We use our resources to fund projects that can provide a return. The structure of this would be decided later, perhaps utilizing some type of DAO system.
There is so much potential. LeoThreads is the first step in what will be a long process.
It is time for everyone to embrace the abundance mindset.
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