I can some times come across harsh in what I say and that seems to rub people the wrong way at times. However after running my own business and helping many other startups I really have a no BS approach and just hit the ground running and critical of things based on my experiences.

I don't like all that be nice, buddy buddy and have a good time. I like action and getting things done. That being said it feels like the wheels are starting to finally turn for the Hive blockchain and today I want to go over that along with some of the projects and other aspects that are pushing forward.

One of the biggest issues I currently have with money being spent is on general awareness marketing methods which are honestly just lazy methods with no tracking and really zero to no results.

But I'm not going to get into any of that today and instead we are going to focus on some areas that Hive is getting right and where that most likely will lead us into 2024 which a lot of these projects start to really ramp up efforts.

The Gaming Space

The gaming space is huge and hive has one of the biggest advantages ever with zero fee transaction. In a lot of cases it mimics one of the most successful gaming places the Wax blockchain which now sports 169 million dollar market cap and around nearly 20 million is trading volume (I'd put this a lot higher though as a lot of defi and so called platforms are not tracked which honestly is starting to really obsolete Coingecko and Coinmarketcap in terms of showing us real values)

Compare that to Hive with a market cap of 120 million and an average trading volume of 7 million you can see how a real gaming community on the Hive blockchain could net some rather good returners. This also doesn't take into account all of the current layer 2 transactions that take place and inside defi aspects that currently run on some games such as Splinterlands

These constant swaps can generate small fees for the game itself and often does. Currently Splinterlands has a 5% fee on pretty much everything that takes place transaction wise. So when you see something like $15,000 in trading in the last 24 hours it means that Splinterlands the company just made $750 that day in fees.

That's why I'd love to see some real development start happening in the liquidity pools and smart contract era to bring the Hive blockchain up to speed for these types of things.

One of the best initiatives for this is a proposal called the ;VSC Proposal]() which would bring smart contracts finally into hive one of the new age critical elements that I personally feel is holding Hive back. There's also been no update from the core development team about smart contracts or about layer 2 tokens so my hopes of them building it are low and I would rather push forward with something like this.

We also see discord cards from companies like @psyberx with their game Serfdom & Sorcery which is starting to bridge the gap between wax and Hive a very natural connection I feel.

Social

Social still remains a critical part and while everyone else keeps throwing out web3 and decentralization hive is more decentralized than any of them. I'm not going to say fully decentralized because it's simply not but it's a rather good alternative to all this other cash grab garbage we have seen coming out of web3 and social media.

The core platform doing this work in InLeo which is opening up hive content in a more seamless experience both in onboarding new users and also easy entry by being able to thread and earn.

But that's not all we also have 3speak.tv leading the charge with not only video but also seems like shorts which at some point will be implemented into InLeo however the development work is pretty high because of limitations on the hive blockchain currently. In a way it almost feels like core developers really aren't developing the core infrastructure that hive needs and I'd like to hear more being talked about that.

Overall hive is expanding and it's starting to really pick up the tempo. There's a number of promising products and development happening right now which are expanding new players to games on the hive blockchain and introducing them to create content for those games etc on chain and be rewarded for it.

It's opening up the ability for new users to come take part and earn but that earning isn't just extracting from the platform as it has done in the past. Instead it's creating revenue from ads and products which help fuel not only trading velocity but also demand and value of the core tokens.

It's a new era and a promising one and come Nov 1st we are going to start seeing some real action when it comes to starting to inject ad revenue back into tokens instead of a constant exit. If hive's going to be web3 and put value back to content creators and users then it needs to start generating some revenue. It's one of the most important lessons to learn from web2 that should be applied to web3 in a smart way. People need to get over thinking ads are bad and instead that ads are welcomed when they are not intrusive and mining your data.

Posted Using InLeo Alpha