Web3 is in its infancy and a work in progress. It is a combination of various concepts and technologies such as blockchain, crypto, AI, Robotics and tokenization, decentralization, privacy and data security, and governance. These are all techy stuff.
For ordinary non-techy Hivers and Hive community members, it all boils down to one thing - generating some extra income while doing the same things they have been doing on a Web2 social media platform such as X, Facebook, YouTube or Instagram, mostly by doing a blog post on one of the frontends or posting a thread on InLeo.
**It is all about the creation and equitable distribution of wealth. **
As the Hive ecosystem develops and more dApps and projects are developed there will be more opportunities to generate even more income in addition to blogging and micro-blogging. Already, there are many play2earn games and projects on Hive that reward users and the number will only grow as the development continues.
Active or Passive income?
All the income activities mentioned above are active incomes as they require continued effort and/or investment. When it comes to generating income, passive income is far better than active income because passive income requires just a one-time effort or investment.
There are also many dApps and projects in the Hive ecosystem that offer Hivers passive income.
Tamil Charity Coin project offers such passive income opportunities without any additional effort or investment on your part, at the same time supporting our charity project:
Just by upvoting our posts, you will be able to earn passive income and build your own charity fund. @tamilcharitycoin/holiday-season-giving-season-blessed-are-hivers-who-could-donate-without-donating-the-magic-of-web3
**Turning your Web2 expenses into Web3 enabled lifelong passive income ** @tamilcharitycoin/how-to-turn-your-web2-travel-holiday-expenses-into-a-web3-enabled-investment-passive-income