Hello, everyone.
Web3 platforms like Hive are bridging the gap that web2 platforms created; on web2 platforms like Facebook, Instagram, and Twitter, we have criteria before users can earn. Only a few users have the opportunity to earn by engaging on these platforms; mostly only big accounts can earn, while small accounts engage on the platform and get nothing in return. Platforms like the hive platform came into existence to change that. On the hive platform, both big and small accounts are rewarded for engaging.
designed in canva.
On platforms like the hive platform, you don't need to meet certain criteria before you are rewarded for engaging on the platform; you don't even need to be a big account owner before you earn on the platform, as even newbies are given the opportunity to earn on the go. Web2 platforms created a gap; web3 platforms are bridging the gap. Web2 platforms give VIP treatment to certain users, while socialfi like Hive treat every user equally. On socialfi, there is no VIP because of its decentralized nature.
A socialfi is said to be a platform that gives every user the opportunity to earn through engaging on it. Platforms like this are always built on a blockchain, and a typical example of this is the hive platform we all enjoy today. Socialfi, which is a combination of the words "social and finance," gives users the opportunity to earn while socializing and engaging on a social media-like platform integrated or built on a blockchain. These platforms let you have fun and stay entertained while you earn. You read contents, watch videos, engage in them, and earn in return.
Socialfi is a social media platform where you have complete ownership of your account. There is no censorship because of the decentralized nature of socialfi. A user is totally in charge of what they post, how they post it, and when they post it. No restriction on accounts; no account ban. My Twitter account was banned in January, and since then I have been off Twitter while I continue to write an appeal through my email to them. It was finally unbanned last week. Socialfi gives users the freedom they need and cuts users a slack.
The Inleo team, with the microblogging feature on Inleo, has made the hive platform a combination of both Twitter, Facebook, and Instagram. You must not write an article with over 300 words before you can earn on the Hive platform; you can earn through threading on the Inleo platform, as it is just like tweeting.
Socialfi platforms are also known as Web3 platforms since they are built on a blockchain. Unlike web2 platforms, where you have to undergo so many verification processes and a lot of stress in order to monetize your account, on socialfi, all you need to do is create an account and start earning. No verification is needed; no know-your-customer (KYC) is needed. Platforms like the hive platform offered us the opportunity, web2 platforms like Facebook and Twitter denied us. We engaged on those platforms for free, but Hive changed everything. Socialfi is welcoming; there is no discrimination, as everyone is welcomed on socialfi platforms and given the opportunity to earn.
This is my entry for day 12 of the InLeo monthly prompt. You can join by clicking the above link.
Thanks for reading my post.