Remember when NFTs existed but didn't get the kind of attention they have today? Hive is on its way to becoming one of the biggest and if not the biggest Socialfi platform in the world.
For those who are not used to the term, Social Finance aka Socialfi incorporates both social networking and decentralised finance by rewarding its users for their social interactions on the blockchain.
As we move in the direction of a decentralised Internet, socialfi is a key aspect that would make freedom of speech and complete ownership of contents published on the Internet a reality.
The mainstream social media platforms as we know them have their flaws with the most being that they are owned by a group of people hence are completely centralised and users lose the ownership of their contents which are exploited by the companies to make profits (the users are basically used).
Socialfi changes all that and taking Hive for example, the blockchain belongs to all it's users and not some individuals. It's decentralised and users have complete ownership of the works they publish on Hive.
The aspect of a decentralised finance is one of those things that would make Hive explode sooner than we think. The ability to earn from your contents is still quite nobel and Hive has done justice to that as users can earn while creating and curating contents on the blockchain. Saving HBD on Hive at 20% APR is also one of the juiciest investment for a stablecoin in the crypto world that is free from hacks and security breaches most defi platforms face.
People are beginning to understand the need for a decentralized social media platform which offers more than just social networking and Hive is the answer. Hive incorporates everything basically from blogging/ publishing platform, video streaming platforms, play to earn games, Defi and NFTplatforms. It basically has all the the features desired by users of the flawed mainstream social media platforms and it is just a matter of time before it explodes.
With every passing day we see lots of new Bees coming to Hive and this is just a sign that Hive is about to become the next big thing.
Like Memecoins, Defi and NFTs I believe the next big explosion in the crypto world would be socialfi and Hive is at the forefront of this revolution.
