THE FUTURE OF CONTENT CREATION ON HIVE

Recently, I was going through some old posts–about 8months old–for a review I am writing. Going through some of these brilliant posts and the effort put into them, I became sad. The thought that these contents are buried under thousands of other contents, never to be seen or read again triggered me.

It has been said that one of the reasons why creators come up with subpar posts is because of the hive reward system. Currently, the reward system is structured to favour new content(s). There is little or no incentive to create evergreen content because creators want to earn for their work and the only way to do so is by creating continuously, which is not necessarily a bad thing.

However, creating long-form content this way often than not affects the quality of posts churned out daily. Also, there are very few people who are willing to create content this way and still maintain a certain level of quality, either because the incentive is too low or guaranteed by the use of autovotes.

Secondly with the way the platform is structured people are most likely going to produce large volumes of subpar content(s) to stay relevant and also to earn rewards. Things would be a lot different if hive was a short-form content platform that is more suitable for this part of the reward system, however, there would be numerous cases of abuse that would be difficult to track.

Speaking of abuse, how efficient is hive’s abuse tracking system? Is it scalable? I do not think so. This is why I think in the long term, hive is most likely going to move away from being a core content-based platform or delegate that to second-layer platforms (like leofinance and proofofbrain). So I predict a future where hive (as a coin) is solely a governance coin (and not a utility token). How this will pan out, I don’t know but I think this is the inevitable future

So what’s the future of content creation on hive?

I still see a couple of second-layer platforms built on hive sticking to the initial goal for hive (which is to provide a platform for creators–a social platform). However, I think most of the attention will go into other aspects of blockchain technology (NFTs, gaming, etc) and this might positively impact the value of hive, reducing selling pressure.

The shift from content to other aspects of cryptocurrency like NFT and gaming is already happening and will take a few years to consolidate. It is most likely going to bring in more new users and investors. Thus, resources are most likely going to be channelled in that direction

I think anyone on the hive blockchain who has amassed enough hive coins ( I would say around 5,000 and above) before hive becomes solely a governance coin would be in a great position financially. So as a content creator, the best option would be to grow your hivepower or like me try to diversify and hopefully buy hive and earn while it is still very, very cheap.

Asides from finance, having a sizable amount of hive power will also come in handy when new projects are launched. We have seen over the years how having hivepower is a yardstick for airdrops and whatnot.

In conclusion, content creation is still an integral part of the hive blockchain and might remain so for a long time. However, I think at some point, there will be a shift. Currently, the number one dapp on hive is a gaming platform. We will see a lot of these gaming platforms on hive in the coming future and that might change the direction of the blockchain. What are your thoughts on this issue? Share with me in the comment section. Cheers!

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* If you are new on hive and you are looking for more exposure I will suggest you check out the Proof of Blind project. It is geared towards giving newbies who post high-quality content on the hive blockchain visibility and a chance to earn. Submit a well-written post (that doesn't exist anywhere on the internet, or anywhere else) once a week to the Proof of Blind portal to stand a chance of featuring on their page. Kindly click the image below to submit your entry

The post will be reviewed for plagiarism and posted via the @proofofblind account if it meets the required standard.

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