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RE: What's Really Going on With Project Blank?

in LeoFinancelast year

I think Neal hit on many of the things I constantly go off about in terms of Web3 and social.

  1. Gas fees shouldn't be a thing or be so backend that the end user never really sees it happening. (of course they could seek it out if they wanted to) On hive that's going to require a rather large amount of hive powered up to support that type of transaction and perhaps be delegated out in some way for either a period of time till the auto powered up rewards kick in from their own posts or a way for the user to better see something like a gauges as to network bandwidth and how to get more for the actions they want to do on the chain.

  2. Not willing to pay for content out of pocket. While I do agree with this there is locked content and platforms that lock content that do very well with this type of setup. I know Twitter is rolling out subscriber feeds for paid content soon if not already on select accounts and also Instagram. I'm curious if we would see something like that at some point on threads. However I fully agree that basic interaction and basic tipping of a tweet for example people are for sure not willing to pay that out of pocket and instead it needs to be generated. I feel this will be important to watch on both Twitter and Instagram to see how well it's adopted and what's working and what's not working and mimic what is working from the mistakes these larger companies make first.

That brings me on to the 3rd thing

  1. Ad revenue would be one of the easiest ways to provide value to the entire system and allow everyone's "vote" to hold monetary/ crypto value they can share however they like. However people are not going to understand that at first on LEO/HIVE so having it included into the UI in some way to show their voting power and that it slowly fills up could be critical for understanding. A very dumbed down way to show people that. It doesn't have to show $ or LEO value on their gauge, simply how much voting power they have and a estimated time to refill.

On top of that having a swap function built right into the threads UI to swap the hive/leo earned or whatever else into other tokens or HBD or using Binance through CUB or Polygon through Polycub holds massive potential for swap fees and also exposure for those two defi platforms.