Hive, Built for the Future - The Power of tokenized Communities and NFT markets

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The recent listing of Hive on Stakingrewards has helped to pitch Hive as one of the top Proof of Stake 9PoS) networks with a high community strength, thereby providing insights to investors for a possible leap. With their live staking market data, simplifying portfolio and calculator tools, prospective investors can easily how they can passively earn from 3% to 9.7% from staking HIVE. Cryptocurrencies with yield-bearing strategies like staking allows everyone in the world irrespective of financial capacity to establish sustainable passive income streams.

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source - Tweet

Days ago, StakingRewards tweeted how HIVE ranked second among top 10 Proof of Stake (PoS) networks by number of stakers. Interesting to see that unique accounts staking Hive rise to the highs of 1.1 million and more.

Top 10 Proof of Stake Networks ranked by Number of Stakers 📊🔥 Source: @StakingRewards $ADA $HIVE $SOL $LUNA $XTZ $eGLD $OSMO $ONE $ICP $ZIL

Many staking Hive today may not really understand what they're doing Hive because many rate Hive on the basis of $1 which may look so insignificant when compared to the likes of $SOL at $102. Going deeper, we see that the Hive blockchain is really improving in terms of utilization especially with the decentralization and tokenization of communities at the second layer. With over 126 DApp already functional at Alpha level and with over 200 on BUILD, we may see the count of unique accounts staking Hive scaling to 10 million in the next few years.

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Those who understand better the economics of numbers as it relates to usecase like @Taskmaster4450 can express better the future of numbers when it comes to Hive. On daily basis, we see the Hive infrastructure getting more robust and expanding to suit diverse usecases and also minimizing monopoly since we have several dapps doing related activities. Presently, tonnes of games are coming to Hive and we know how this can improve the lots of the blockchain users in terms of users.

Already, Splinterlands game have set the pace as well toping all blockchain games in terms of number of players and transactions. ChiFiBot on build courtesy of @Flauwy, @kevinli and team would be adding thousands of new users to Hive. Already close to recording 1k users on Discord within first Six months of existence.

The Future of Hive

In lieu of the above discussed, I furthered to check Hive stats on stakingrewards.com and it was interesting to see that the number of account staking on Hive continues to grow on proportionally with time over a 7 day,m 30 day and 90 day period captured. See screenshots below.

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Hive is presently ranked on the 61st position based on the total staked value in the network. That's way huge for a network that is barely 2 years old and we're still growing.

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I can imagine when Hive finally reaches 5 to 10 years, then, we would have had over 5 million accounts staked. @Arcange provides daily statistics on new accounts created and their activity level on the blockchain.

The Power of Hive-engine and emerging NFT markets

Hive-engine has been delivered as an engine powering communities and corporate-driven economy, acting as a catalyst to Hive's business revolution. Hive-engine is a massive but portable layered infrastructure that enhances communities, individuals, corporate organisations and businesses to leapfrog to the true potentials of Hive blockchain to power communities to scales.

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Hive-Engine is a smart contract platform built on the Hive Blockchain. One of the smart contracts on Hive-Engine is the NFT contract that NFT Showroom uses to operate the digital marketplace.

NFTshowroom, a digital art marketplace built on Hive, makes creating and collecting rare digital art simple and accessible! Stats has it that already over 463,251 HIVE has been earned by 1,702 artists world-over through the sales of over 12,000 NFTs. This means that each artist earns an average of 272 HIVE and this is a huge reward for creativity and that with minimal cost since the air pieces are delivered digitally.

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Going deeper, hive-engine protocol now allows the different tribes communities on Hive to create NFTs and trade them in their outpost thereby creating a new usecase for the tokens on the second layer of Hive. This means:

Already, these markets are operational with products ranging from arts to games cards and metaverse lands and it means an added source of incomes to creators in those niches. All of these are happening on the second layer of Hive and it requires a Hive account with a HIVE stake to have these transactions executed

The Hive blockchain is positioned to accommodate more users, dapps and games with its features of Fast and feeless transactions, Scalable infrastructure and true decentralized nature.

For everyone already on Hive. Congratulations for being a part of the future.

Join Hive Here and start a new work!

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What is Hive?

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source

What is Hive-Engine?

Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.

About me...

I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
Let's connect on Twitter

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13 comments
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Nice stats you are carrying out. Hive keeps maintaining expectations of being a large network for users and for dApps.
By the way, don't you think that a delegate PoS decentralization should be calculated on the number of delegates and not on the "retail stakers"? Votes are actually carried out by Delegates that are a form of decentralized centralization.

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don't you think that a delegate PoS decentralization should be calculated on the number of delegates and not on the "retail stakers"? Votes are actually carried out by Delegates that are a form of decentralized centralization.

You are very right. But I don't think staking rewards count that. Most accounts just prefer leasing HP and they do their gaming thing unhindered.

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Yes, I see your point. I was also thinking about proposing a mew method to calculate curation, to enforce real contents and avoid the automatic voting from smallers, following the top voters.
What do you think?

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The future of hive is so bright and now seeing hive at $1 many won't really know what benefit it can do for them but when they put hope in it and stake more they will surely benefit in future

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I love reading posts like this, I'm coming up to just on 2 months of being on PeakD and getting into the community space (before that, I was playing Splinterlands without a clue anything more existed!) - It's posts like yours which highlight why Hive is so epic. I also can't wait to see it continue to grow, and being part of that - I only wish I found this place sooner.
Tim

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So many will get addicted to hive as its a new world of its own with endless possibilities...

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(Edited)

On the Hive blockchain, many opportunities are being presented to users. It's great to Hive expanding and developing by the day. With tools like stakingrewards, more publicity and exposure will be given to Hive.

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