Incentivizing content creators on the social media space has become a necessity to sustain the growth of a project or program, it has also become a means to inspire content creators and motivate them to the belief that their works are appreciated in the digital space.
The issue of rewards for contents has been an issue on both web2 and web3 platforms. It is even more difficult and tasking in the web 2 space. Take Twitter (X) for instance, we have to meet a specific parameters before you can get the blue tick and get verified, you need to have a specific number of followers, meet a required impression and if you are lucky, you country might be selected for monetization.
With my little ex9on the hive blockchain and on the inleo platform, there are numerous benefits of monetization of social media and content. While these process of monetization is both beneficial to the community and the individual, it helps to generate revenue gotten from traffic and so on.
This is one reason I prefer hive blockchain as a web3 ecosystem than a web2 platform. On hive, you require basically zero experience, zero resources and skills before you can earn on the platform. You dont need a subscription fee before you can enjoy the many benefits and opportunities the platform has to offer.
Using the hive blockchain for example, there are several ways incentivizing content has been helpful. Take the hive Ghana community for instance, we see the great job the Ghana team do developing areas and bringing good and clean water for people. They have deployed a numerous number 9f boreholes in different communities in Ghana and have brought smiles to the face of the people.
Also, we hear of how people testify to how the hive community has come through in taking care of their financial needs, ranging from educational need, medical health care, foodstuffs, purchasing items that ate necessary for survival. We can imagine if there was no source of income from the hive blockchain. In fact, on a news platform on X, we saw how The Hive blockchain through a community brought joy to the children of Chiquilladas and we saw where they played, danced, ran and enjoyed a different afternoon. tthanks to the Hive family. These are one of the many benefits of monetizing peoples talent and effort. As against the complicated web2 social network. There is always value for whatever you do and you get rewarded in return compared to other web2 interface and features.
People can earn from their content through The hive token and the hive backed dollar (hbd) stablecoin which is pegged to a dollar. The exchange rate in my country is #1000 in this era if inflation. Although, almost all platforms monetize their platforms but for some their criteria can be complex and unaccomplished. Just like Facebook where Nigerians cannot monetize their contents but reverse is the case on hive.
In view, this topic was born out of the cryptoholic podcast space show on X, where they discussed several topics and monetization, tokenization was part of it. Check this link to watch the space
https://twitter.com/i/spaces/1mnGepbdbpAKX