My role for POVA Arts is simple...bridge the brand to Web3 and further educate the founder/team on the advantages of blockchain tech. What better way to facilitate that than an immutable HIVE profile/wallet? The functionality of a HIVE profile can make it a stand-alone business asset for your brand. The @povaarts page will also serve as a proof-of-concept for other brands I will be onboarding to the HIVE ecosystem.
With HIVE one of the first points I wanted to illustrate is the fact that HIVE is the only platform that has figured out how to systematically allow its users to compound their efforts and their capital, collectively, in one battle-tested ecosystem. I've been around for a while and I can really appreciate how the rewards system has been constantly tweaked and updated through trial and error. As a brand, building a digital asset (your profile) just by participating in the ecosystem is win-win. We hear it from @taskmaster4450 time and time again, "HIVE is a compounding machine".
Efforts
IMO, the most straightforward path to compounding effort on HIVE is to stake some HP, then consistently curate & create content. As a fashion and art brand, the majority of the content will be brand updates and designs from the founder @frislene that are actually going to market. The curation efforts will be specifically in those niches. I've suggested we engage in relevant communities like Alien Art HIVE, HIVE's Red Carpet, and Sketchbook.
See the POVA intro post here.
After accumulating a decent amount of HP, adding delegation to the strategy is a no-brainer to earn a great return and help further distribute the token.
The development of inleo.io also provides a great opportunity for brands to share short-form content that they would otherwise post to Web2 social platforms. This makes InLeo a great promo and marketing tool.
These tools, communities, and applications make HIVE a place to get familiar with blockchain, grow your global network, and grow your social capital.
Capital
HIVE has proven to be by far one of the most secure places you can store capital in crypto. On top of that, the ability to grow your capital, within your wallet, is another plus you rarely see in the market. In most cases, getting any substantial return involves lending out your funds to a 3rd party. Here you simply stake HIVE (for HIVE Power) or stake HBD (for HBD Savings).
For @povaarts, the strategy is to utilize the wallet as a savings account, initially staking more HDB than HIVE. Until the 1st goal of 500 HBD is achieved we will look to maintain a 1:1 ratio of HBD:HP. Holdings are currently a little over 10% of the 1st goal, 55 of each digital asset.
Once the snowball starts rolling we will likely implement the InstaDapp protocol to leverage/collateralize more capital.
Tracking Progress
Fortunately, the inherent transparency that comes with blockchain, combined with tools on HIVE like PeakD's analytics and HiveStats.io, makes tracking data easy.
As we can see, creating and building a HIVE profile can do so many things for a business. In this short spill we've pointed out the following:
- HIVE is a compounding machine
- A great place to learn and network about blockchain
- Build your account and network by posting content you are already creating for your brand
- Grow your capital w/ low-risk (in comparison to anything else crypto) options like HBD Savings, HP, delegation.