Top #Hive posters are receiving the equivalent of hundreds of USD per post! 

💰 👀 

In this 🧵 I will cover just how Hive works and how you can also earn while posting valuable content!

↓ 

Last week I began a series on Social Blockchains where I discussed @desoprotocol 

https://twitter.com/Darce256/status/1564284487751479296?s=20

Today I continue the topic but this time we're talking all about @hiveblocks!

Hive is an ecosystem of uncensored social networks, communities, and token-based economies built for Web3.

It is a fork of the @SteemNetwork aimed to keep the network truly decentralized.

To overcome the hurdle of mainstream adoption, Hive has focuses on accessibility...

Hive recognizes that Tx fees are one of the largest challenges to facilitating development and use of a blockchain. 

Instead of requiring costly and inconvenient Tx fees, Hive uses a novel stake-based Resource Credit mechanism to create a fee-less model.

Let me explain...

When you interact with the Hive blockchain via:

1) 'Liking' a post.

2) Commenting

3) Posting Content

You use some of your available Resource Credits (RC) instead of paying a Tx fee!

RC are a regenerative resource that will be restored over time.

Like mana for content! 🧙‍♂️

Furthermore, by being an active contributor in the Hive ecosystem (posting, commenting, etc) you will accrue HIVE.

You can then 'Power Up' (stake) your HIVE to receive Hive Power.

The amount of RC a user has is determined by their total Hive Power.

More content, more mana!

Interested in learning more about Hive? 

Check out some of the following:

https://whyhive.co/ ← a good intro to the ecosystem.

https://peakd.com/ ← curated Hive content @PeakDcom 

https://splinterlands.com/ ← One of the most popular NFT TCG's!
@splinterlands

If you've made it this far then you must have found this thread interesting so why not give it a RT / Drop a follow!?

I do threads like these every week!

Also, DM's are open if you have questions about anything Web3 🙂.

Until next time,

- Darce ❤️ 

Last Week I Began a Series on Social Blockchains Where I Discussed @Desoprotocol   HTTPS://TWITTER.com/DARCE256/Status/1564284487751479296?S=20  Today I Continue the Topic but This Time We’re Talking All About @Hiveblocks!

1/9

If you're reading this, you might be on the wrong platform...

The new social media is forming via Web3.

A 🧵

2/9 

Web3 Social is just starting, but here is where you should be posting if you want to get in on the ground floor:

-DeSo

-Hive

-Lens Protocol

Let's Talk @desoprotocol.

3/9 

DeSo, or "Decentralized Social", is a Blockchain built from the ground up to handle Web3 Social Media applications.

The protocol achieves this in two ways:

-Architecture to handle thousands of posts per second.

-Creator Coins designed to incentivize content creation.

4/9

Let me be clear: 

Creator Coins are a game changer.

Every profile on DeSo is its own tradeable coin.

Love the posts made by a certain creator? 

Buy some of their "stock"!

5/9

Creator Coins incentivize creators to make compelling content:

Better content -> higher coin value -> more earned through content!

6/9

Creator Coins also incentivize users to look for and invest in new, high quality content creators.

A DeSo creators price acts as both social proof and quality assurance simultaneously.

But it doesn't stop there...

7/9

@BitClout_, a DeSo Twitter of sorts, introduced an interesting experiment:

Ranking comments based on creator value.

This resulted in a higher quality commentary and reduced spam as bot/spam accounts have little to no coin price.

Now zoom out...

8/9

Think of the possibilities:

- A LinkedIn where the social graph is ranked by creator price.

- A Twitch where the current "King Maker" system is disrupted by coin price speculation -> more eyes on lower view counts. (Thoughts @DevinNash ?)

Could talk all day on these...

9/9

DeSo is building something truly remarkable in my humble opinion.

What do you think? Would love to hear peoples thoughts on this.

Also, if you want to jump into the DeSo ecosystem you can find me at:

https://bitclout.com/u/Darce256

Until next time!

-Darce ❤️ 

Deso Turns Content Creation on Its Head

The average Twitch viewer watches 95 minutes of content a day.

Blockchain is going to drive that number way up...

A follow-up 🧵 to my post from yesterday:

https://twitter.com/Darce256/status/1563153125283770369?s=20&t=mZAfNcOAFT6PPKU0ckqIIw

As noted in my previous post, current streaming services have three core challenges:

 - Content Delivery and Cost.

 - User Engagement.

 - Security, Content Ownership, and Advertisement Relationships.

Lets talk about the second challenge:

User Engagement.

You could resolve every CDN-related issue and still have a failing platform if streamers and viewers aren't engaged. 

A streaming site that either has no streamers or no viewers is destined to fail...

Ideally, users should feel rewarded for participating in a stream - as either viewer/streamer.

These rewards are multi-faceted: 

Donations, Subscriptions, Chat, and a Sense of Community.

These are good... 

But what if there was a way to reward viewers for simply viewing?


What if just by watching they were not only helping with views on a stream but also the platform as a whole?

That would be a win/win right? 

Even better, what if by watching your stream the viewers were also solving the challenge of distribution?

That would be 👌 *chefs kiss*

If you read yesterdays thread you would have seen my quote below.

Let's break this down with a statistic:

The average Twitch viewer watches 95 minutes of content a day!

https://influencermarketinghub.com/twitch-stats/

https://twitter.com/Darce256/status/1563153149250088962?s=20&t=mZAfNcOAFT6PPKU0ckqIIw

Imagine what that number would look like if:

The users were not only seeing their favorite streamers broadcasts, but also being rewarded with tokens along the way.

(all while lending their bandwith to improve distribution)

I suspect viewer watch hours would be much higher!


So we now have hyper-engaged users assisting with, and getting rewarded for, distributing content.

This is the perfect symbiosis for users, the platform, and advertisers!

The last piece of the puzzle is Security/Content Ownership/Advertisements.

Stay tuned for my next thread!

If you're interested in learning more about:

 - Web3

 - GameFi

 - Blockchain Development 

Then feel free to retweet/follow as I am making threads like these daily!

Until next time!

-Darce ❤️ 

The Average Twitch Viewer Watches 95 Minutes of Content a Day.  Blockchain Is Going to Drive That Number Way Up...

Blockchains have the power to unlock the future of Livestreaming.

Here is how:

👇 

The streaming ecosystem currently suffers from 3 main challenges:

-Content Delivery and Cost.

-User Engagement.

-Security, Content Ownership, and Advertisement Relationships.

To keep this thread digestible, I will just be covering the first challenge and its blockchain solution today:

"Content Delivery and Cost".

Let's talk about it...

The primary way that streams are viewed/shared are through Content Delivery Networks (CDN's).

CDN's are groups of servers that are geographically distributed and deliver your videos of kids pretending to get arrested for TikTok clout (or anything else).

These are the backbone of streaming services, VOIP programs, games, etc. 

Now, CDN's have been used for a long time and they work, so what's the problem? 

Well, CDN's aren't perfect - they come with their own suite of "gotchas" that result in high costs and poor UX.

For one, they are geographically distributed.

This means that if you live in a rural area or a smaller country, you will see higher latency, more packet loss, and longer downloads.

This is because CDN's are primarily clustered in major cities and tech hubs.

Furthermore, CDN's become expensive quickly!

CDN bandwidth costs for platforms can reach tens of millions of dollars per year (and that is not even taking into account quality - 8K video resolutions are beginning to become quite popular!)...


What's worse is that even if you created your own proprietary CDN you would still be paying millions just in maintenance costs! 

With livestreams making up 80% of all internet traffic: (https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1853168), 
a faster, cheaper way of delivering data is imperative.


That's where Web3 comes in!

Enter @Theta_Network and @Livepeer.

Two blockchain based, decentralized video delivery/infrastructure platforms.

So, how do these networks resolve the Content Delivery problems?

I'm glad you asked!

These networks reward users who assist the network with video upload and distribution! 🎉 

You can now watch your favorite content, earn rewards, and assist the network simultaneously!

When the community is the CDN you gain two huge advantages: 

-Improved Distribution.
-Massive Cost Reductions.

Content can now be distributed further, faster, and at a higher quality at a fraction of the cost - even for those in rural/secluded locations!

Check out a great example of this concept in practice:

https://www.theta.tv/

Read more about how these two networks plan to tackle this issue in depth here:

Theta: https://assets.thetatoken.org/theta-mainnet-4-whitepaper.pdf

Livepeer: https://livepeer.org/primer


If you found this informative retweet/follow, it'd be much appreciated 😊

Over the next couple of days I will go deeper on these two platforms and discuss how they improve the following:

- User Engagement.
- Security.
- Ownership.
- Advertising.

Thanks for reading!

-Darce ❤️

How Blockchains Are Unlocking the Future of Livestreams

Game Developer @GunzillaGames Raised $46 Million to redefine the Battle Royale genre with the help from big investors in the #GameFi space such as @animocabrands & Twitch Co-Founder @justinkan.

How they plan to do it and why I'm excited.

(Spoiler, its NFT's 😏)

A 🧵...

Gunzilla is a AAA Game Developer working on a UE5, Cyberpunk-styled BR title called "Off The Grid" or OTG for short.

https://playoffthegrid.com/

Fun Fact: The "Chief Visionary Officer" of OTG is Neill Blomkamp, the Writer/Director of District 9, Elysium, Chappie, and others.

While OTG itself features a constantly evolving map with 150 players fighting for glory, what I am most interested in is their internal item trading system 👀 

or as they put it...

"Core to the experience and deep narrative structure is the unique way in which players can craft, customize, and trade their in-game items with each other."

Unique digital player ownership you say? 

Color me intrigued!

To accomplish digital ownership GUNZILLA has described their "GunZ" platform: 

"This new round of investment will allow the studio to build out their new platform called GunZ, empowering players by granting them complete ownership over their in-game possessions...

"GunZ will be the foundation for “Off The Grid” (OTG). One of the OTG’s standout mechanics is “in-game item trading”, the first game where players will be able to buy new in-game items from other players who collected them in the game or acquired them from each other..."


"Trading will be handled via an internal blockchain based marketplace or any third-party marketplace which supports NFT technology."

So, GunZ will be the platform that allows for digital in-game items to be NFT's, and based on their verbiage...

The implementation will NOT utilize some form of Play to Earn. 

Earn an item and optionally trade it to other players.

Simple. ✅ 
Clean. ✅
Straightforward. ✅

Exactly what more games need to be doing:

Relying on gameplay first and adding a layer of digital ownership second.

The press release continues:

"Gunzilla assures gamers that they will never sell NFTs directly to their player community, nor will they hide progression or any game features behind a monetized paywall, the trading is entirely optional."

No NFT pre-sale. no change to the User Experience.

This is what #GameFi needs more of. 

Developers making quality games with real player ownership in a non-intrusive, totally decoupled way.

I've signed up for updates on OTG and will release more news as it comes.

Thanks for reading! 

Give it a retweet if you are interested in GameFi being done better.

More Blockchain Gaming/Web3 content coming soon! ✌️ 

-Darce ❤️ 

Gunzilla Games is Doing GameFi Right

Ever wonder why some of the most anticipated games in the Web3 space (@illuviumio, @PlayEmberSword, @UndeadBlocks) and large corporations (@GameStopNFT, @Marvel) chose @Immutable as their scaling solution?

I read the Whitepaper, let me give you some insight!

 A 🧵...

To really understand the value that Immutable X provides we need to start with some of the shortcomings that currently exist with Ethereum:

-Low Scalability 📊 
-Poor User Experience 😢 
-Slow Developer Experience 🐌 

Lets start with Scalability! 

To preserve security and decentralization, Ethereum maintains a low throughput when compared to traditional databases. 

Due to the rapid increase in users, network congestion and slow transaction times have become the norm.


Additionally, many have been priced out of mints simply due to high gas prices alone.

Scalability is a huge problem and there is no one right answer.

Take a look at Ethereum's website for a multitude of different solutions: https://ethereum.org/en/developers/docs/scaling/

The next major issue is UX...

Debatably the biggest issue with Ethereum is the UX. 

Tx's can take minutes (and, in extreme circumstances, hours), and often fail entirely.

While other Blockchains can improve these times, it is often at the cost of compromising asset security or network decentralization.


Additionally, onboarding new users who are non crypto-native is overwhelming and very confusing. 

Building a better UX is paramount for the success of Web3.

Speaking of builders, the final issue as cited by Immutable X is Slow Developer Experience...

There is a massive barrier to entry for developers looking to engage in the Web3 space. 

In order for Developers (Hi Mom!) to create interesting new applications, a lot of time has to be spent learning new languages, toolings, and paradigms. 


Many of the nice-to-haves of Web2 are not readily available: Simple API’s, Platform-Specific SDK’s, and Pre-Built Infrastructure.

Immutable X was designed specifically to solve these problems.

Problem 1: Low Scalability.

Solution: ZK-Rollup Scaling Engine.

ImmutableX leverages @StarkWareLtd's rollup technology to supercharge its NFT trading. Rollups allow for scalability without losing security: 

https://ethereum.org/en/developers/docs/scaling/zk-rollups/#:~:text=Zero%2Dknowledge%20rollups%20(ZK%2D,minimal%20summary%20data%20to%20Mainnet)

This also plays a role in User Experience...

Problem 2: Poor User Experience.

Solution: NFT-Enabled Wallets.

Immutable X allows users to utilize any Ethereum wallet they are comfortable with without changing networks through an intermediary "Link".

In addition to comfort, this Link opens the doors for third-party marketplaces to flourish.

Users do not have to worry about the security or validity of the marketplace because the Link handles the verification 🤝 


Problem 3: Slow Developer Experience.

Solution: API Abstraction and Platform SDK's.

This is the part that gets me hyped as a dev!

Immutable X wraps its scaling engine in a set of REST APIs (A structure any Web2 Dev is familiar with).

This. Is. So. Good.

Every interaction from minting to trading to transferring is reduced to an API call! 

The result? 

Immutable X has created a straightforward onramp for traditional gaming companies by converting complex asynchronous blockchain interactions into synchronous REST API calls. 🤓 


This is going to provide a MASSIVE benefit to traditional companies looking to enter the Web3 gaming space by reducing the barrier of entry for their devs.

And if that wasn't cool enough, they also provide Platform SDK's!

Immutable X provides a Typescript SDK (Software Development Kit) allowing for its protocol to be easily integrated into websites and web applications. 

In addition to Typescript, future SDK’s will become available such as Android/IOS and Unreal!

ImmutableX has created a Web3 gaming ecosystem that I believe has a lot of potential!

If you got this far thanks for reading!
Feel free to retweet the thread 😃 I plan on releasing more Blockchain Gaming / Dev content through my Twitter!

-Darce ❤️ 