What Are Content Entrepreneurs In 2021? 

Who Are They? Where Do They Live? How Do They Make Money? 

Do you remember what was happening on the internet at the turn of the century? Cast your mind back to the Dot.Com era when web blogging first became a thing. Initially named Weblog, it was a new avenue for many writers, aspiring or seasoned, that had opened up. The internet was hungry for content, and many who grasped the opportunity could mark their territory, gather a significant audience, and monetize their creative work—a virtual land of opportunity for anyone connected to the internet. 

These days, some would argue that the blogging gold rush has all but dried up in terms of monetization or even generating an audience. Given the enormous amount of content accessible today, it would seem much more difficult to reach a level of success as a prominent, self-sustaining writer in any niche. 

But the truth is, in today's climate, the art of the wordsmith has never been more critical, particularly in digital business and marketing. The art of writers and content creators puts ideas and information of any business into consumers’ eyes, ears, and hands. Without the nuances of this art, the best products and services won’t stand out, be discovered, or connect with the right customers and clients. 

 

Succeeding as a content entrepreneur takes time, patience, and a business mindset. The advantage of a platform with the technology and a community that supports the artists and their right to express themselves and facilitates the monetization aspect is a great place to start for aspiring content creators, B2C and B2B bloggers. 

Online business owners must be aware that failure to adjust to new trends will impede the likelihood of consumers ever seeing their content, resulting in loss of business or even collapse. What we see now is a rise of content entrepreneurs, culminating their art with a hybrid of creativity, strategy, and technology. Combining strategic, artistic vision with existing and emerging technologies helps people turn fleeting interactions into genuine connections.   

Food For Thought

If you’re a nervous newbie in the content marketing space and think that everything has already been said or written about, just perform your own research and add your point of view. Writing content that changes the world exists in the world, not in your mind.

In the words of Brian Clark,  

“The way you become a writer, and eventually a great writer, is to write. If the desire to write isn’t there, you’re going to have to learn to work well with creative writers to execute on your strategic vision.”

A good rule of thumb for when you’re choosing one of your many ideas to write about is; If it has even the slightest possibility of helping someone, give it a try.

 

I came across a recent study conducted by The Tilt. It’s the first of its kind regarding content entrepreneurs and looks at what defines them, how they grow their audience and monetize content, and what it takes to be successful. These people do not “hustle”; instead, they are serious entrepreneurs building niche audiences—a group of serious business owners who have found a new way to build a business.

What Are Content Entrepreneurs?

The Tilt quoted that content entrepreneurs (CEs) make money by turning valuable and interesting content into revenue streams. Some are solopreneurs making a comfortable income based on sharing their unique expertise with a niche audience. Others are powering high-growth content ventures that employ many. All are part of a new movement of professionals pursuing work on their own terms.

Content entrepreneurs span all age groups, industries, and channels, not just the viral young influencers on Tik Tok, which seems to be the stereotype. For the most part, a CEs success isn't based on a viral hit or a massive audience. Founder of The Tilt, and facilitator of the research, Joe Pulizzi, cites. “Just don’t call them influencers; content entrepreneurs are building businesses.”

Content entrepreneurs are the people driving the creator economy. Yet, few truly understand them.

Content entrepreneurs have a singular focus: growing their audience by filling a particular informational need. And by doing this well, they can “monetize” that audience. They are building something akin to a media company. 

A Unique Group Of People 

With over 1400 entrepreneurs surveyed, the research concluded that CEs fully supporting themselves are most likely Gen X or Boomers. The split between full-time and part-time was roughly 50:50. Younger entrepreneurs were more likely to treat content creation as a side gig. 

Full-time CEs are significantly more likely to be financially successful with a median investment of $10,000, and 75% are funding their content businesses with personal savings. Very few seek capital from venture capitalists or angel investors. 

Most content entrepreneurs use no single revenue tactic for monetization; the most common are advertising and sponsored content, membership fees, online courses, events, and speaking fees. Revenue is derived from a combination of these monetization channels and, more recently, cryptocurrency rewards by blockchain-driven platforms like;

• Markethive: An inbound marketing, social media hybrid, and broadcasting digital media platform for entrepreneurs – Content, B2B and B2C.
• Steemit: A blogging platform where writers are rewarded with upvotes by readers in the Steemit community. 
• The Tilt: An education, training, and news platform for content entrepreneurs. 

For those who operate their content business full time, the survey found that the median annual revenue was $50K. Experience is a factor in achieving higher income. The median revenue for content entrepreneurs in business four to seven years was $100K, while those in it for longer than seven years saw a median revenue of $125K.

How Do CEs Grow Their Audience?

Search engine optimization (SEO) is the only audience-growth tactic cited by more than half (56%) of the content entrepreneurs. Hashtags came in second, cited by 48%. Partnerships with creators or entrepreneurs came in third (44%), followed closely by social media advertising (43%).

Freedom And Independence – The Top Motivator 

The assumption that content entrepreneurs turn a hobby into a business and pursue their passion while working does describe some. However, the overwhelming consensus of 86% of solopreneurs and 89% of micropreneurs is that CEs seek independence as the priority and can control their careers. They want to work on their terms at a time and place they determine. 

Almost nine out of ten of all content entrepreneurs agree they became content entrepreneurs “to achieve financial freedom on my own terms.” They are abandoning the traditional pathways to success and building an entirely new model for professional work. 

Content entrepreneurs are fierce independents, discarding the traditional college education in favor of on-the-job training. 85% of respondents believe a college degree is not required to succeed as a CE. 95% say they can operate their content business anywhere that has reliable internet. 

The study also revealed that Covid-19 generated a new cohort of content entrepreneurs. More than half (54%) of those who launched their business in the last year was influenced by the pandemic. 

Next Level Independence

The survey revealed a lack of awareness and appreciation among the respondents regarding issues that could thwart long-term content business success, like deplatforming and losing their audience. Many content entrepreneurs are relying on third-party platforms; the recent survey indicated that they use Facebook (76%), Instagram (66%), LinkedIn (60%), Twitter (51%), and YouTube (47%).

The above platforms mediate the relationship between creator and consumer and control at least some of the content entrepreneur’s business. Since these tech giants are for-profit businesses, their goal is to make money for their owners, not the creators. They can change the rules any time they want to make a more profitable business regardless of the impact on creators. They can even use insights from the CE’s audience to develop competing products and services. 

A new breed of CEs is eliminating or reducing the intermediary relationship with these platforms, finding ways to reach their audience directly rather than relying on third-party channels and ad revenues. They’re taking “independence” to the next level. 

As Amanda McLoughlin, creator and chief executive of the podcast collective Multitude, explains, 

“Audiences are powerful, and creators don’t need anyone’s permission to build one of their own or to ask them for support. As media companies continue to consolidate, our relationship with our audience and the autonomy of owning our work are more valuable than ever.” 

To view the full report, download the PDF here. 

Markethive – Giving CEs Back Their Freedom And Autonomy On One Comprehensive Platform

One platform that has addressed the issues of deplatforming and lack of control or autonomy over an entrepreneur’s livelihood is Markethive. A blockchain-driven ecosystem for entrepreneurs allows individuals to own their work autonomously and generate a substantial income without intermediaries.

It’s like having your own site with the advantages of Storefronts with POS shopping carts and access to the analytics and insights from your audience and customers. As a Markethive Entrepreneur, you are not beholden to the whims and rule changes of large social and tech platforms (e.g., algorithm changes, arbitrary blocking, and withholding of data). 

CEs at Markethive can leverage new monetization strategies and emerging opportunities such as digital media aggregation and curation, the press release, and sponsored article platform that offer more control and much healthier margins. 

Markethive has a built-in social media interface where you already have an engaged, interested audience and target market. The Blog Subscribe, and blogcasting feature that remotely broadcasts out to all other social media is a great way to expand your audience and increase reach. The unique combined news feed interface currently in development will make it that much more compelling.

Markethive has two engines (subscriber and traffic) driving it and simultaneously bringing millions of entrepreneurs into this safe haven, the central hub, and gateway to the internet universe. Alexa and WorthOfWeb measure both the subscriber and traffic engines’ speed and power, and in the case of Markethive, they are growing daily in an exponential fashion.

With its two major engines at the helm and secondary engines such as the Hivecoin and exchange and all cottage businesses within Markethive, reaching out to all other platforms is fundamentally the core; the epicenter where we all work in collaboration, ensuring everyone’s success. 

According to The Tilt, CEs are the most powerful engine fueling growth and change within the creator economy movement, and they’ve only just begun. Markethive nurtures the content entrepreneur and delivers a ‘state of the art platform’ to you, but it is your company. 

Markethive has been built for the community and brings self-sovereignty, privacy, autonomy to every individual with a genuine opportunity to be in control of your future, peace of mind, fulfilling your potential, creating wealth, and being able to prosper in so many ways. Markethive is its name; Entrepreneurialism is its game. 

Are You a Content Entrepreneur?

 

 

 

 

 

 

 

 

 

A New Internet In The Making Thwarting Centralized Entities

Decentralization Empowering People

We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other.  Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.

It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives.

 

What Is Decentralization?

In short, it is the transfer of control and decision-making from a centralized entity, an individual, organization, government, or company to a distributed network. Decentralized networks reduce the level of trust that people have to place in each other and significantly reduce the ability of any centralized entity to exert authority or control over that Network.

One of the most well-known examples of decentralization is cryptocurrency. This feature is the key reason why it's so valued amongst the crypto community and tech Geeks. No single entity can stop you from transferring Bitcoin to another person. 

However, there are numerous examples of people who have had their bank accounts shut down because they bought Bitcoin. So it seems any given bank can dictate what its customers can or cannot do with their money. 

Earlier this year, HSBC in the UK is just one example of a centralized entity banning all crypto transactions using their debit or credit cards. They did it because they can and obviously don’t like crypto. That, in a nutshell, is the problem with centralization and demonstrates how easy it is to ban, confiscate, and shut off those systems at will. 

 

No Longer A Luxury But A Utility 

The internet plays a massive role in our lives today, with a vast majority tapped into social media platforms. Facebook currently has 2.6 billion users who seem to be oblivious to its dictatorial and underlying agendas. Also, buying goods and services online has become commonplace and a preferred option in many cases, which is a bit of a worry in such centralized environments. 

Centralized social media platforms are fundamentally gilded cages controlled by a CEO not only heavily incentivized to generate stellar earning reports for its shareholders but wields a judgemental partisan approach limiting free speech and liberties of the users’. 

For years now, the tech giants have been data harvesting our personal details. They are notorious for de-platforming anyone who doesn’t agree or is not compliant with their overzealous ruling. So, essentially we have lost access to content and have no control over our data or how it’s used, which could endanger many people’s lives and privacy. 

Our data is controlled by these data barons, which is very much a security and privacy concern. One of the biggest data barons of them all is Equifax, and in 2017, they suffered one of the most significant data breaches ever. Hackers stole the personal information of 143 million U.S. customers that included data, like Social Security numbers, dates of birth, addresses, and in some cases, driving licenses. 

All the information needed to commit identity fraud and is one of the most egregious frauds in existence. The fraudsters can acquire a credit card in the name of a stolen identity and destroy their credit rating. 

The fact that centralized businesses own the algorithmic black box is kind of creepy, and for some people, it could lead to harassment, stalking and could actually be a matter of life or death. 

All that is particularly significant when we consider that we're living in an age where personal data can be weaponized against people. Are these platforms now so big that they are utility and not a luxury that can be just switched off at their discretion?

 

Internet Centralization Runs Deep

Internet centralization runs very deep with the likes of internet tech giants such as Amazon Web Services, Alibaba, Microsoft, etc. AWS alone hosts over 9 million websites that they can virtually “play God” with and have done earlier this year by withdrawing its services and support from an upcoming alternative platform promoting free speech. Under the guise of violating AWS terms of service, it is arguably a politicized judgment call that can incapacitate companies and their users, their right to communicate their beliefs.  

Of course, there’s the issue of outages where it was touted that AWS in North Virginia temporarily “broke the internet,” affecting Downtector.com, impacting websites, cloud storage, encryption, and content delivery, leaving many in a spin, some thought the end was coming.

To illustrate another critical flaw with a centralized internet is that so-called authorities could censor the internet or suppress democratic protests by switching off the internet in their country. It has actually happened in Egypt during the Arab Spring protests in 2011 and was used more recently during the military coup in Myanmar in February this year. 

 

The Dawn Of Web 3

What we are experiencing is all part of Web 2 and defined as the majority of today’s most-used internet platforms are controlled by only a handful of powerful companies, which profit from the data users generate. The next phase of the internet is one in which the users’ take back control from the centralized corporations. 

Known as Web 3, it’s a decentralized version of the internet and essentially a way for individuals to use it without giving up their privacy and valuable data. With the utilization of Blockchain technology, no single entity can gain control as the network is distributed across many different nodes.  

Also, money is native to the internet, so instead of relying on traditional financial infrastructures like banks and all the restrictions that come with them, people can transact quickly globally and in a permissionless manner via cryptocurrencies. 

 

Decentralized Social Media Emerging

A few companies are working hard to make Web 3 a reality. A pioneer in the social media and marketing realm is Markethive. The company has successfully bypassed the centralized web services, like AWS and Microsoft, and operates on their own cloud system. Markethive is working on expanding its clouds, called Mining Hives, throughout the world.

This means all data pertaining to Markethive and its users will not be stored on servers owned and controlled by a centralized entity. Instead, it is a distributed database on the Markethive  Blockchain with no single point of failure and no internet disruption or censoring by the likes of dictatorial authorities who may decide to shut off the internet. 

With the recent news of the U.S. Senate’s proposal to onerously regulate the crypto industry, which will stifle the United States, the importance of decentralization has escalated. It shows that the government views crypto as a real threat and, of course, another way to refill its coffers. This bombshell has the crypto industry in an uproar, with U.S. companies moving offshore to more crypto-friendly countries. 

To protect all Markethive associates and continue to build the entrepreneurial ecosystem to bring financial and self-sovereignty, Markethive is in the process of building a new offshore corporation for launching its decentralized exchange (DEX) and wallet. This Web 3 development is an inspiring and timely milestone that should be ready by September this year. 

It is a Godsend and a blessing to have a social media and inbound marketing platform empower its community, integrating Blockchain and cryptocurrency in a decentralized environment to circumvent the ‘powers that be” in this ever-darkening world. Markethive will play a prominent role in the re-invention of the social media space to preserve and nurture the entrepreneurial spirit.     

 

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

 

The Markethive Boost Launches 

Time to “Release The Boost” Unleash the Marketing Beast In All Of Us!

Now that we’ve got the Markethive Donation Wheel of Fortune spinning, giving away valuable prizes with every spin, it’s time to release The Boost. This launch is just the beginning of Markethive’s proprietary portfolio of advertising services. 

Fashioned from the Facebook Boost system, the Markethive Boost is a foundational inclusion and fundamental to the Markethive ecosystem. The service will “boost” your marketing efforts to every subscriber in the Markethive community with enormous potential to increase your brand awareness, conversions, and engagement. 

 

Facebook Organic Reach Declining 

Since 2014, Facebook’s organic reach has been declining, with a more significant dip in organic reach in 2018 due to a considerable change in its news feed algorithm. Facebook started to shift ranking, focusing on delivering more posts from friends and family to any FB news feed.

The new algorithm didn’t bode well for marketers and businesses. As a result, marketing content had to take a back seat to content from friends and family – a value that Facebook says it originally had and that it's trying to return to. 

Consequently, a Facebook Page only has a 2% reach. Additionally, Facebook says you should assume organic reach will eventually arrive at zero. So, if you really want to reach your target audience on Facebook, you’ll need to supplement your organic efforts with some paid advertising. 

Image: Agorapulse

Hence, the boosted post feature, which is opined by many as a design to funnel money from your bank account into Facebook’s coffers swiftly and consistently. And still, your publication will only reach a small percentage of your friends. Audience targeting options are limited and not designed to help you create a well-optimized campaign. 

Granted, the more you pay, the higher the estimated reach, which can cost thousands. The average is $1000; however, this will only give you access to your friends and subscribers of your page. These are people that you have already worked for or even paid to have in your sphere of influence.

Facebook Analogy

Think of it like this: Imagine you have invited a large number of your friends for a banquet. Typically, you would mix with everyone much like a cocktail party setting before being seated at the table. However, at a Facebook dinner party, you must remain seated. 

You start a conversation, but only the four people closest to you at the table hear you. The guests further down the table don’t. The Facebook Boost would have you pay $1000 to include a few more to listen to what you're saying, but not all of them. 

The next time you host a dinner party, you need to pay to have a few more people hear you. Ten of them may be your friends that you couldn’t speak to before and six that already heard you at the last party. So you still are unable to get your message across to the entire table and probably never will. 

And you definitely will not be able to put your message on the loudspeaker at the front of your house to speak to the people barbequing in their backyard. In other words, you can never go outside the boundaries of your groups, pages, friends, or colleagues. Even within the boundaries, your message will not reach your audience in total. 

 

What Sets Markethive Apart? 

The Markethive standard news feed already allows your posts to reach all your friends’ news feeds, always organically. That’s 100%. There is no algorithm preventing your posts from being seen by all your friends and group members. No shadow banning or 3rd party deciding what you should and should not see.  

And now, with the Markethive Boost service, you also have a PA system to communicate with the entire membership, not just your friends and associates. If they like your message and subscribe to you, you are then publishing to their sphere of influence and social networks.

The Markethive Boost will always be considerably less expensive than other similar systems out there. Initially, the Boost will allow you to post on every member’s news feed for one flat fee for free members and a discounted fee for upgraded Entrepreneur One and Premium members. The standard BOOST prices will be $200 for free members and $100 for upgraded members.

As the Markethive Boost evolves, it will become layered to the level you want it delivered, including different prices to deliver via hashtags, keywords, most active, number of friends, etc. This allows you to customize and target your audience to build brand awareness, increase leads, drive sales, and promote overall business growth. 

Also, Entrepreneur One upgrades will be able to offer a free boost to new signups and members with our code generator. You simply choose a block of “BOOSTS,” pay for them, then distribute them as incentives to join Markethive or Members who accept your invitation to join your groups or make store purchases. 

 

Introductory Offer

Right now, though, for a limited time, in line with the release of The Boost, you can take advantage of the special introductory of only $20 to send your message into the News Feed of the entire Markethive membership. The offer will be for 30 days and is available for all members of every level.   

The whole Markethive Boost concept will enable aspiring entrepreneurs to meet their marketing goals with the knowledge and satisfaction that their message reaches far beyond the scope outlined in Facebook for a lot less cost. Furthermore, you have a like-minded, receptive audience of business professionals and entrepreneurs.

After all, Markethive is an ecosystem for entrepreneurs providing a valuable automated marketing platform, commerce portals with a social network where users can learn, engage, and expand markets. We’ll let Facebook get back to its family and friends’ focus while the next generation social market network transcends with putting the needs of entrepreneurs, companies, and marketers first. 

Come to this Sunday’s meeting and see The Boost in action. Also, CEO and Founder of Markethive, Thomas Prendergast, will randomly give coins, banner impressions, Free Spins (In the Wheel Of Fortune), and a free Boost to a few lucky attendees. Be there!

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

Study Shows We Are More Resilient Than We Know

Time To Realize Our Latent Entrepreneurial Spirit

By now, it’s mostly common knowledge that the Covid-19 pandemic has induced a global mental health crisis. Last year, at the height of the pandemic, there were many articles published warning us of a threatening psychological epidemic. Clinical scientists and research psychologists have pointed out that the pandemic created many conditions that can lead to psychological distress. 

These include the sudden and widespread disruption to people’s livelihoods and social relationships, millions of grief-stricken families who have suffered the loss of a loved one, and the most vulnerable who face long-term hardship. This narrative took hold as quickly as the virus itself, but 18 months on, it seems the world's psychological immune system proved more robust than expected.    

A global collapse of well-being seemed inevitable, so a team of distinguished professors of medical and mental health joined a task force commissioned by The Lancet to quantify the psychological impact of pandemics. They combed through more than 1,000 studies that examined hundreds of thousands of people in over 100 countries. 

Image Source The Lancet

The Surprising Outcome

After reviewing the best available data, it was found that some groups, including people suffering from financial stress, experienced significant, life-changing hardship. But, with regards to the entire population of the world, they were surprised as they did not find the prolonged, interminable misery they had expected.  

The many variables associated with mental health, including anxiety, depression, suicide, and life satisfaction, were measured in the research. Two complementary types of evidence were the focus, such as surveys that investigated comparable groups of people before and after the pandemic and studies that tracked the same people over time. 

Neither study is perfect, but when the same conclusions were drawn from the evidence of both studies, the team was confident that the results were factual. Early in the pandemic, the team observed that what the media was reporting was the case in these studies: that the average levels of anxiety and depression and broader psychological distress increased dramatically along with the number of people who experienced significant forms of clinical anxiety or depression.   

For example, in both the U.S. and Norway, reports of depression tripled during March and April 2020 compared with averages collected in previous years. And in a study of more than 50,000 people across the United Kingdom, 27% showed clinically significant levels of distress early in the pandemic, compared with 19% before the pandemic.

But something remarkable took place over the next couple of months; the average level of depression, anxiety, and stress began to decline. This set of data suggests that overall mental stress has returned to near pre-pandemic levels by June 2020.

   

It Must Be An Anomaly!

Further reviews of the data were done to explain what were thought of as anomalies. For example, some of the data came from wealthy countries disproportionately, so the geographical lens was extended. It was then considered that if the pandemic did not lead to intense, long-term distress, it in all probability undermined people's overall life satisfaction. The team then examined the most extensive available data set on this topic from the Gallup World Poll.   

The Gallup survey asks people to rate their lives on a 10-point scale, with 10 being the best life possible and zero being the worst. A nationally representative sample of people in most countries worldwide answered these questions every year, which enabled a comparison of the 2020s results with previous years. No signs of a decline in life satisfaction were evident from a global perspective. 

Individuals scored their lives on average at 5.75 in 2020, which was the same as the average from the previous year. There was some concern that the survey wasn't reaching people who were struggling the most. It stands to reason, if someone is on the brink of not coping, they may not answer a phone call from a researcher.   

However, real-time data from official government sources in 21 countries showed no noticeable increase in suicides between April and July 2020 compared to previous years, and suicide rates declined in some countries – including the US. California anticipated 1,429 suicides during this period; only 1,280 occurred. 

These outcomes came as a surprise to the mental-health task force and how well many endured the psychological challenges of the pandemic. So to make sense of this pattern, they returned to the classic psychological finding that: People are more resilient than they realize. 

When people experience adverse life events, such as losing their job or romantic partner, we imagine these events devastating for months or even years. However, their misery tends to fade faster than they imagine it would. 

 

 

The Psychological Immune System 

Humans possess what researchers call a psychological immune system, a multitude of cognitive abilities that allow us to make the best of bad situations. For example, after separating from a romantic partner, the individual may focus on the ex’s annoying habits and enjoy their newfound leisure time. 

This ability to withstand difficult events also applies to traumas such as war or severe injury. These events can cause considerable anguish. It does not minimize the pain that many suffer; however, many studies have shown that most survivors recover and never show a significant decline in mental health.    

The pandemic has tested the global psychological immune system, which seems much more robust than previously thought. As usual and familiar sources of enjoyment and get-togethers became almost non-existent, people got creative. They attended drive-by birthday parties, mutual help groups, virtual cocktail evenings with friends, nightly shout-outs supporting the healthcare workers, and some even learned or improved their baking skills. 

Several large data sets showed a modest increase in loneliness: In April 2020,13.8% of adults in the United States said they felt lonely compared to 11% in April 2018. But these general trends and averages do not erase the real struggles, immense pain, overwhelming losses, and financial struggles many people faced in the last 18 months. For example, that 2.8% difference represents 7 million Americans who reported loneliness in April of 2020. 

As with many facets of the pandemic, the Covid-19’s mental health toll was not evenly distributed. Some segments of the population, including women and parents of young children, showed a significant increase in overall mental stress early on. 

Then as the pandemic progressed, ongoing mental health problems disproportionately affected people who were facing financial issues, those who contracted Covid-19, and those who had struggled with physical or mental disorders before the virus. So tangible support and access to mental health services are crucial and necessary for the people who have endured the most intense distress and are at the most significant ongoing risk.     

Astounding Resilience Overall

However, the extraordinary resilience of most people braving the sudden changes caused by the pandemic carries its lessons. The studies also discovered that people are much better at handling temporary lifestyle changes, such as working from home, imposing travel restrictions, and even accepting periods of isolation and quarantine, than policymakers seem to think.  

This knowledge can empower us to make disruptive changes in our societies required to support the people and communities most affected as we look ahead to the world’s future significant challenges. But, by no means are we out of the woods with Covid-19 with its mutated variants plaguing parts of the world. The consequences have left many people jobless and small businesses devastated, with the overall global economy in turmoil. 

Markethive Nurtures The Entrepreneurial Spirit

Unlike previous pandemics, we do have some fairly advanced technology at our disposal. Although nothing beats a human touch, the broader community uses technology to stay in touch and alleviate boredom and loneliness. From education to career changes, the internet, blockchain, and cryptocurrency leverage the ability to circumvent any situation in which we may find ourselves. 

The Markethive Social Market Network is a Divine vision, years in the making and constantly evolving to bring economic sovereignty, abundance, and prosperity to all. A place to be uplifted and to realize that latent entrepreneurial spirit. A multidimensional platform with like-minded people to engage and collaborate with, learn and earn and find your niche in this changing and burdened world.   

Markethive created this system to lift you up financially while giving you a powerful broadcasting social network. Our foundation is built upon the principles of freedom of speech, liberty, and autonomy. Markethive is built by, of, and for the people with the knowledge that people are not passive victims of change but active guardians of our own wellbeing.
 

Sources: The Atlantic, The Lancet

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

 

Markethive Press Releases: Standing Tall In The New Ocean Of Crypto Currencies

 

Markethive Introduces The Wheel Of Fortune For Its Growing Ecosystem
Markethive, the next generation of a market network, Is proud to announce the launch of its first among many other initiatives to come, the Wheel of Fortune.

As per the announcement, the launch is the first step into ensuring Markethive becomes the most powerful marketing and Social Network platform in the market.  

Thomas Prendergast, CEO of Markethive, explained: 

“We have launched the Wheel of Fortune as we move Markethive into being the most powerful marketing platform, social network, and the most effective broadcasting platform in existence. This is just one of the many major integrations of services coming that will benefit entrepreneurs and marketers. We are building a powerful epic ecosystem never seen before.”

One notable feature about Markethive is that every spin is a win. The Wheel of Fortune also offers different prizes, including Airdrops, Hivecoins, Newsfeed Boosts, Ad Impressions, ILPS, and Micropayment’s boost. 

The Markethive’s Wheel of Fortune is a donation type of wheel that is created with five levels. The first-level players get 500 bee coins, 500 ad impressions, 100,000 bee coins, 1 Hivecoin, 100 ad impressions, and 10 Hivecoin. However, this increases as the level progresses so that the last level has 1000 Hivecoins, 20,000 ad impressions, one news feed boost, 50% airdrop bump for a year, entrepreneur one for life, and one full ILP.

In addition to the gamification aspect of the wheel, Markethive allows its users to accumulate and increase their crypto portfolios. The wheel also allows Players to become Markethive shareholders with the ILP program, providing them with an opportunity to earn revenue for the rest of their lives. For the launch, the platform is giving away ten spins for free that must be used within seven days.

Notably, Markethive is a hybrid platform that has infused inbound marketing into News Feeds while infusing social network power into their inbound marketing platform. Additionally, the platform was created for entrepreneurs, putting their needs first.

Markethive seeks to revolutionize online marketing, social networking, commerce portals, and media content provision across the globe to empower, entrust and validate the startups, entrepreneurs, and media marketers without financial challenges.

The Wheel of Fortune is another great addition to the Banner Impression Exchange that allows users to buy and sell Markethive’s impressions. The Banner Impression Exchange is an open exchange in which the free market determines the price.

Join us as we move forward with the next-generation multi-dimensional media platform, and welcome to the Entrepreneur’s ecosystem. We are built for Entrepreneurs by Entrepreneurs and are of Entrepreneurs of every caliber.

Click on this link to discover all the features and benefits of these enterprising initiatives provided by Markethive, the Broadcasting Social Market Network. 

 

Links to published Press Releases are below:
Markethive Standing Tall In The New Ocean Of Crypto Currencies
Markethive Introduces The Wheel Of Fortune For Its Growing Ecosystem

 

 

 

MARKETHIVE – BUILDING A POWERFUL EPIC ECOSYSTEM 

The First In The Social Media Marketing Niche

Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after. 

With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.  

Inspired by Binance’s rise in becoming more than a crypto exchange, Markethive goes far beyond by creating a robust ecosystem in the social media and marketing niches. It will deliver very unique aspects to the Markethive exchange by creating niches and exclusivities that no other platform or system has.

As stated by Founder and CEO of Markethive, Thomas Prendergast,

“The transformation has begun. We are releasing our first of many services as we move Markethive into being the most powerful marketing platform in existence, as well as the most powerful Social Network system as well as the most effective broadcasting platform ever built. The Wheel of Fortune is just one of the many major integrations of services coming that entrepreneurs and marketers need and will benefit from. We are building a powerful epic ecosystem never seen before.”  

 

The Wheel Of Fortune

First off the development team’s rank is the Wheel of Fortune: The spinning wheel is packed with various prizes related to Markethive and conducive to the people of the community who participate. The awards consist of Hivecoins, Bee Coins, Ad Impressions (to use on the BIX platform), Airdrop bumps of Hivecoin, Newsfeed Boosts, Micropayment boosts, and even ILPs or a fraction thereof. 

Note; A “BEE” coin is a fractional unit of the Hivecoin. Like the Satoshi is to Bitcoin, it takes 100,000,000 BEEs to make one Hivecoin.  

It’s fundamentally a donation platform displaying five levels ranging in price from $1usd to $100usd, and prizes or number of spins are commensurate with any given level as shown below. The beauty of this wheel is that “Every Spin is a Win!”

Wheel of Fortune Popup Store

Level 1:
500 Bee Coins; 500 Ad Impressions; 100,000 Bee Coins; 1 Hivecoin; 100 Ad Impressions; 10 Hivecoins.

Level 2:
500 Bee Coins, 1000 Ad Impressions; News Feed Boosts; 10% AirDrop Bump for seven days; 10% Faucet Bump for five days; 50 Hivecoins.

Level 3:
200 Hivecoins; 5,000 Ad Impressions; News Feed Boost; 50% AirDrop bump for 30 days; 10% Faucet Bump for 15 days; 1/10th ILP.

Level 4:
200 Hivecoin; 10,000 Ad Impressions; News Feed Boost; 50% AirDrop Bump for 30 days; Entrepreneur One for one month; 1/10th ILP

Level 5: 
1000 Hivecoins; 20,000 Ad Impressions; 1 News Feed Boost; 50% AirDrop Bump for a year; Entrepreneur One for Life; 1 full ILP.
 
With the much-enjoyed gamification aspect, the Wheel of Fortune provides ample opportunity to accumulate and increase your crypto portfolio as well as the chance to become a lifetime revenue earner as a Markethive Shareholder with an ILP. 

All proceeds of the Wheel of Fortune and the other advertising services to be released like The Boost (coming soon), Press Releases, Premium Upgrades, etc., are classed as revenue for the Markethive ILP holders. Markethive will pay these dividends via fiat or Bitcoin and eventually paid in Hivecoin when we progress with the exchange.   

 

The Boost Explained (coming next)

Have you ever noticed when creating a post for your business on your Facebook Page, you constantly get prompts to increase traffic to your post by purchasing a Boost Package? The concept is a  good idea; however, the number of viewers that actually see your post is questionable. 

Facebook algorithms are notorious for being manipulated. The reality is that even after spending time and money to build a large following with a Facebook Page, the news feed posts are only posting to less than 1% of your followers. 

Facebook Boosts cost as much as $1000 to post your News Feed post to a maximum of about 500-700 members even if you have 1,000s of Page followers. There is much room for improvement as Facebook Boost posts are limited in their reach and are too expensive for most aspiring entrepreneurs.

For instance, at the time of this writing, Markethive’s Facebook page has about 10,000 followers. When we post to the News Feed, only around 1% of the members are reached (for example, our post was only available on the news feed of 141 people). However, Facebook is quick to alert us a boost is available. 

However, for $1000, Facebook will publish our Newsfeed post to an additional 5,000 over seven days of our 10,000 followers.

Facebook’s algorithms greatly reduce the number of friends who see your posts and significantly limit your marketing efforts to your followers. Even with the Boost, it’s not ideal and can run into thousands of dollars. 

There are pros and cons to Facebook Boost, but arguably, Facebook is not designed for marketers or aspiring entrepreneurs, nor does it have their best interests at heart. The coming Markethive Boost system is designed to give the entrepreneur a very distinct advantage within our ecosystem. 

 

The Markethive Boost Difference

The Markethive Boost will not be prone to algorithmic manipulation and will allow you to Boost outside your boundaries as well for a fraction of the cost. As the Markethive Boost evolves, it will become layered to the level you want it delivered (different prices to deliver via hashtags, keywords, most active, number of friends, etc. (But not via private navigation). 

Initially, the Boost will allow you to post on every member’s News Feed for one flat fee for free members and a discounted fee for upgraded Entrepreneur One and Premium members. The standard BOOST prices will be $100 for free members and $50 for upgraded members; however, for the launch, Markethive will offer a first 30 day special that all members may make one Boost post for $20 “All levels.” 

Stay tuned for the big release. 

 

Markethive Puts The Needs Of Entrepreneurs First

Markethive has infused the power of Inbound Marketing into the News Feed and infused the power of the social network into the Inbound Marketing platform, which means it’s an enhanced Social Network hybrid. It’s where the needs of the entrepreneur, marketer, business, and corporation are not only met but put at the forefront. 

Markethive’s evolutionary and innovative ethos is showcased with the introduction of Markethive’s unique combined news feed interface. Plus, the social market network’s ability to build a massive database management system on the decentralized blockchain with its crypto, Hivecoin, as a native token which is a fungible multi-asset token along with the Markethive Wallet App. All are coming soon.

It already has a large community that is highly engaged, has exceptional traffic, and all the components and the utility that is considered essential for a cryptocurrency to be explosive on the crypto market potentially.

Social + Marketing + Blogging + Video + Curation + Broadcasting + Gamification + Crypto = Markethive

An Epic Ecosystem In The Making

All these elements constitute a powerful and epic ecosystem that will only expand as we move forward with our next-generation multi-media interface. Markethive was built for the Entrepreneur: It’s about looking after the community, the products and projects, the use, and the utility. 

Getting it right, being clever and evolutionary will pay huge dividends in the mid to long term for everyone in the Markethive ecosystem. Markethive is always focused on where we are going and why we are going there in the mission, giving economic sovereignty, privacy, security, free speech, and liberty to all. 

Markethive has built a system that they said could not be done; it’s too big. However, Markethive will always be ahead of the curve, introducing new products, systems, and more innovative ways to facilitate user operations within the social media and marketing environment. The added advantage of a decentralized crypto environment offers the potential for real financial wealth and abundance on every level for its community. 

Join us as we move forward with the next-generation multi-dimensional media platform, Markethive. Welcome to the Entrepreneur’s ecosystem. We are built for Entrepreneurs by Entrepreneurs and are of Entrepreneurs of every caliber. 

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

BLOCKCHAIN CONSOLIDATION AMPLIFIES CARDANO’S PRESENCE ON A GLOBAL SCALE

While the Markethive Social Market Network continues to work very closely with Cardano with its integration to the Cardano Blockchain, a lot is happening with the many other facets of Cardano and IOG to further establish their presence in this evolving world of technology. Its technology can assist in a new redistribution of power and give people greater freedom, bringing the world together with a more equitable landscape. 

As we anticipate the imminent rollout of Markethive’s multifunction news feed interface, gamification platform, and migration to the Cardano blockchain, I will outline some of the amazing initiatives IOG has set into motion; with the announcement of a historical event and the recognition, Cardano has received of late. This is all wonderfully exciting news putting Cardano at the forefront as one of the fastest-growing, most stable, most mature, and systematic cryptocurrency projects.

 

What Is IOG? 

Input Output Global, otherwise known as Input Output Hong Kong (IOHK), is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all. The company was founded in 2015 by Charles Hoskinson and Jeremy Wood. IOHK is an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities, and corporations for the Cardano blockchain.

The first is the Alonzo project, which is essential for Markethive’s smart contracts and many other companies committed to utilizing Cardano services.

 

The Alonzo Roadmap

The Alonzo roadmap consists of a testnet and is essential for implementing smart contracts on the Cardano blockchain. The different stages of the Alonzo roadmap are color-coded, with Alonzo Blue being the first testnet phase. The initial phase has been deemed very successful, and the Alonzo White phase is set to run by this coming week. 

This stage allows a broader net of testers with the overall goal to integrate the off-chain components within the new stable environment, including the wallet backend. This will also enable partners to test their scripts in a live setting and run for approximately two to four weeks.

Alonzo Purple is the third main stage before the main net when the testnet becomes public. All pioneers and partners start working on their projects, so there will be a step up in users from every stakeholder group load testing the network. This will also see the integration of Daedalus flight wallet and the big exchanges. 

Alonzo Red and Black are a minor factor and can be summarized as a “tidying up” of everything before the mainnet launch. IOG is close to the hard fork combinator at this stage, bringing the Goguen smart contract phase to Cardano.

There's enormous commercial interest, traction, and community effort with Cardano and evident with Alonso Blue, soon to be White. It is also evident with independent projects and how fast they're moving. 

With the launch of Mary earlier this year, Cardano already has enormous traction with tens of thousands of NFT assets issued, worth over $10 million that have been sold. It also brings native assets to the Cardano test network and allows developers to create custom tokens or migrate unique existing projects to Cardano like Markethive Hivecoin and SingularityNET AGIX and are very much aligned with Cardano and Charles Hoskinson’s long-term vision.

 

Charles Hoskinson Meet Grace 

Singularity.net is a decentralized global AI marketplace and, together with Hanson Robotics, has created a platform where the world of biotech meets that of AI and robotics. Their vision is to facilitate human-like robots as medical assistants to meet patient health care needs initially in aged care—the Awakening.Health project is on a mission to cure the pains of the medical system and deliver services at a low cost, and helping patients worldwide. 

Meet Grace, the medical assistant robot; she is named Grace as it means Divine assistance given to humans for their regeneration or sanctification. Watch the video below. 

SingularityNET is also working in Africa to leverage advanced technologies such as AI, blockchain, and machine learning to support African scientists and technologists. 

So there is simply no end to Cardano’s technology and scope, and ability to integrate all aspects of life. Cardano has also seen a tripling in the population size of the community network since last year and a lot of value accumulation as well. Cardano is the number one stake network in the entire cryptocurrency space, with a lot of excitement, activity, and genuine interest in the overall mission of Cardano. 

 

ADA Welcomed By Grayscales

There is also a lot of institutional interest, and recently Grayscale Investments, the world’s largest crypto asset manager, added Cardano’s ADA to their Grayscale Digital Large Cap Fund portfolio. 

According to this report, Grayscale has adjusted the Fund’s portfolio by selling specific amounts of the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase Cardano (ADA). This makes ADA the third-largest crypto holding behind Bitcoin and Ethereum.

 

Vision For Africa Making Headway

Charles Hoskinson’s vision for Africa is making headway with the recent announcement of a historic deal with the government of Ethiopia to bring 5 million young Africans to the Cardano blockchain. This is the most extensive blockchain deployment globally that will give a digital identity to students and teachers. 

Cardano’s technology and Atala PRISM will create a national attainment recording system to verify grades, monitor school performance, and boost nationwide education. This is done by the Atala PRISM decentralized identifiers, or the DID identity solution. 

Atala PRISM is a decentralized identity solution that enables millions of people to own their personal data. Allowing individuals to interact with organizations seamlessly, privately, and securely. It is the key to powering the ‘trust economy’ globally and was developed by Input Output for Cardano.

World Mobile And Cardano

World Mobile’s vision for Africa also aligns with Cardano’s mission: to bank the unbanked. However, first, they must connect the unconnected, which is what World Mobile is doing.

A recently announced partnership between Cardano and World Mobile will lay the infrastructure foundations for a connected Africa, focusing on remote and hard-to-reach areas.  So everyone gets an equal chance to access data services, no matter where they live.  

They are starting with 100k new users in Zanzibar and Tanzania. Also, Atala PRISM identity integration to Cardano means plugging every new mobile user into Cardano, giving them a digital identity, and offering access to insurance, micro-loans, and a host of new services. Cardano will be providing real Defi for real people or, as they like to call it – “RealFi.” 

These events are just the tip of the iceberg and the revolutionary first steps in delivering the all-encompassing strategy for #CardanoAfrica.

The next few months will be exciting as Cardano systematically goes through the Alonzo rainbow leading to the hard fork combinator event. There will be a lot of apps on the network and growing to a vast, vibrant ecosystem. 

 

All Is Taking Shape; Now It’s Up To Us – We The People 

Nearly three decades ago, the Internet enabled us to improve our lives with the availability and accessibility of information; however, it’s had its problems. As a result, tech giants have enormous power today where we have had to trust these companies leading to abuse of that trust.

Blockchain technology projects like Cardano and the Markethive social market network will bring a new wave of technological disruption on the trust level. They are helping to solve the issues we have in social media and the legacy financial system today. 

The technological revolution will redefine the social contract. It happened with the introduction of the internet, and now it’s happening again because of blockchain. It will give people more power and control over their lives.

Technology is the tool that needs to be adopted by the people. For things to change, the revolution must take place at the social level. Technology alone will not bring about change in society for us. 

All who see the bigger picture of what Cardano and Markethive and many other collaborating partners are doing to connect and unite the world, decentralizing and offering financial, self-sovereignty, and identity, will join us in creating a force for good, liberty, and freedom. 

 

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

BREAK THE CRYPTO LANGUAGE BARRIER – Crypto Lingo Defined

How familiar are you with the ever-evolving crypto phraseology?

Have you ever come across a crypto meme but have no idea what it means? We also see crypto-related news dominating just about every medium on the internet, with cryptocurrency and the technology behind it becoming more prevalent in our global society. But there’s a bit of a language barrier regarding the terms used, and it’s growing as new terminology is invented. 

Considering the Markethive social market network has its Hivecoin as an integral factor at the core of its ecosystem and a source of income for its community, understanding the crypto-specific terms when introducing your referrals to your crypto interests is a good idea and a sign of your expertise, especially to those who haven't dipped their toe into the crypto world as yet. These people are called “no-coiners.” 

So let's define some of the more popular terms, what they mean, and where they originated. Many of you may already know the crypto vernacular, but as I found while researching, there is much more to them. 

Hold On For Dear Life – HODL

I’ll start with the most common cryptocurrency term, HODL, which is considered the acronym for  “Hold On For Dear Life” and has become one of the core philosophies of cryptocurrency investing. HODL means holding on to your cryptocurrency for the long term and paying no attention to the short-term price action. 

The truth is HODL was first introduced on the Bitcointalk forum in December 2013, when user GameKyuubi, with a few whiskeys under his belt, posted about missing the top of Bitcoin’s first bull run. He misspelled the word “holding,” so the post titled “I AM HODLING” quickly became a meme with respondents saying that they too would be HODLing their Bitcoin instead of actively trading it.

The people that HODL are called HODlers, and some intend to hold on to their Bitcoin until a single BTC is worth millions of dollars. Other HODlers intend to HODL until cryptocurrency becomes the new financial standard with Bitcoin as a global store of value. Therefore, see the fiat exchange rate of cryptocurrencies as irrelevant. 

By contrast, people who can't handle huge swings to the upside or downside and sell instead are referred to as “weak hands.” Most of the weak hands are retail investors who are new to cryptocurrency. 

Hodlers have no interest in the volatility and prognostication of pundits. They simply hodl, which helps them to counteract two common destructive tendencies: FOMO (fear of missing out), which can lead to buying high, and FUD (fear, uncertainty, and doubt), which can lead to selling low, which is occasionally referred to as SODLing. 

HODL is most often used when the price of Bitcoin or another cryptocurrency suddenly drops or spikes. So when someone asks if you are selling your crypto when it reaches all-time highs, politely but firmly say that you are hodling. This may leave that person feeling some FOMO.

Fear Of Missing Out – FOMO

FOMO is short for “Fear Of Missing Out,” and in the context of crypto, FOMO is what you feel when you see the price of a coin or token that you don’t have in your portfolio reaching new ATH, which is an acronym for all-time highs.

Interestingly, FOMO is technically classed as social anxiety identified in 1996 by marketing strategist Dr. Dan Herman. It wasn't until 2004 that FOMO was coined by venture capitalist and author Patrick J. McGinnis, who subsequently popularized it in an op-ed he published while studying at the Harvard Kennedy business school. 

If you've ever seen those Facebook ads that tell you there's a limited time to buy any given product, that's FOMO marketing. According to McGinnis, the only thing worse than FOMO is FOBO, or “Fear Of a Better Option.” FOBO is more relevant to no-coiners as it refers to waiting for something better to come along.

Widespread FOMO is also considered by many to be the second last stage of a bull market cycle which is why you see a lot of discussion around retail and institutional FOMO when talking about what's going to drive Bitcoin to its all-time highs. Some believe that measuring this FOMO is how you can time the top of a bull market.

 

Fear Doubt And Uncertainty – FUD

The opposite of FOMO is FUD which is the abbreviation of  Fear, Uncertainty, and Doubt. FUD is pretty self-explanatory; it's what you feel when you see the crypto market crashing or see a viral news article about how Bitcoin is dead. People who spread FUD are referred to as fraudsters and of which the corporate media has been guilty. 

In contrast to FOMO, FUD is not social anxiety but a propaganda tactic used exclusively in sales and marketing. Wikipedia notes that FUD is used most in “disinformation related to software, hardware, and technology industries.” 

It was popularized in the 1970s and first used in its common current technology-related meaning by the prominent computer architect Gene Amdahl in 1975 after he left IBM to found his own company, Amdahl Corp.

“FUD is the fear, uncertainty, and doubt that IBM sales people instill in the minds of potential customers who might be considering Amdahl products.”

It makes you wonder what IBM is saying about crypto behind closed doors while shilling their centralized blockchains to hypnotized investors.  Some people believe that big banks and tech giants sponsor a fair chunk of the cryptocurrency FUD you see in the news.

So the next time your no-coiner friend sends you another mainstream article talking about how cryptocurrency is going to be banned by U.S. Regulators, you can tell them that it's nothing more than FUD. A good indicator of this is that if whales and institutions are still buying despite the news, there's no real cause for concern. There are also many free online trading indicators to use to follow the trends.

Hopium

It’s essential to back up your beliefs about a cryptocurrency using solid facts and statistics; otherwise, you may be at risk of becoming a hopium addict. Hopium is an addiction to false hopes and is a blend of the two words “hope” and “opium.” It’s used to describe a fictional drug to help one stay hopeful in times of stress. 

The term has been used among stock market investors to describe market investors who hold on to failing investments out of false hope, and more recently by Bitcoin investors in a similar way. Hopium was first used in  December of 2010 by Zero Hedge’s Tyler Durden, who published an article criticizing Goldman Sachs for an opinion on the economy. In the piece, Durden uses the term "hopium" to describe Goldman's outlook as one based on false hope.

It has since been used in many investment articles and became a viral meme of Pepe the frog hooked to an oxygen tank labeled “hopium.” Hopium memes grew in popularity due to the 2020 US Election alongside another closely related portmanteau, “copium.” 

Copium

Copium is a blend of the words “cope” and “opium.” A user of the Urban Dictionary defined copium as “a metaphorical opiate inhaled when faced with loss, failure or defeat, especially in sports, politics and other tribal settings. 

Although the earliest known use of the word was by rap artist Keak Da Sneak in his 2003 album titled Copium, in 2019, it has become a popular meme with Pepe, the frog and used in various instances as a reaction to any given situation.

Shitcoin

Co-host of Unhashed Podcast, Ruben Somsen, is credited with defining what a shitcoin tweeting a shitcoin is “a coin that can be predicted to go to zero because of its flawed fundamentals, its creators and adopters deny all criticism and focus heavily on misleading marketing in order to extract maximum value from new “investors,” saddling them with the inevitable losses.”

Shitcoin was first used in November 2010 by Bitcoin talk user Gavin Andresen. He predicted and quoted that “if Bitcoin really takes off, I can see a lot of get-rich-quick imitators coming on the scene” and notes that shitcoin as being one of these imitator coins.
 
There are actually two literal shitcoins listed on Etherscan as ERC 20 tokens. Also, the FTX cryptocurrency exchange offers numerous shitcoin index tokens that allow you to “long” or “short” a basket of 58 altcoins. However, some may not agree with all the tokens listed.
 
According to the Shitcoin Graveyard, all shit coins are destined to become either dead coins or zombie coins. A dead coin is defined as a cryptocurrency project that its team has abandoned, has less than $100 of trading volume per day, and no longer has a functioning website. 
 
Zombie coins are basically dead coins with relatively high trading volume. Keep in mind that the trading volume you see on many zombie coins is probably fake, especially if it's happening on lesser-known exchanges. It's also worth noting that a cryptocurrency can still be profitable even if it is a shitcoin; just be wary of the risks of investing in these sorts of projects.
 
 

Image source 99bitcoins
 

REKT

REKT (or rekt) is internet slang for “wrecked,” meaning severely damaged or utterly destroyed and ruined. The term is usually used among the online gaming community describing a player (or team) that was defeated in an embarrassing or silly way. 

Specifically, when used in the crypto community, rekt often refers to a person who has experienced heavy financial loss due to a wrong trade investment. The term can also refer to the cryptocurrency itself that nosedived in price or a market that dropped significantly, e.g., “the market is rekt.” 

It is, however, worth noting that being REKT and truly losing money are quite different since rekt assets can bounce back. For example, back in early 2018, Bitcoin was rekt, yet it bounced back by year's end in 2020, reaching a new all-time high.

Image source 99bitcoins

Shill

Shill has become a popular term in the crypto space and refers to a person who will promote a particular cryptocurrency, typically using baseless information, for their personal gain.  Many crypto projects assign bounties for influencers who “shill” their crypto. A “Shiller” encourages others to invest in a cryptocurrency so that the interest grows, and people buy it, and the price of the coin or token increases.  
 
The word “shill” didn’t originate in the crypto world. It is commonly used by casinos where collaborators (shillers) are given a stack of chips to play so that the other gamblers don’t have to feel alone in losing.
 
Shillers are often seen as fraudsters; however, what constitutes a shill is of personal opinion. Sometimes, we can see the use of shilling when a person makes damaging, occasionally false accusations about a specific cryptocurrency. A Shiller may want a competing crypto to fail so that theirs becomes more valuable. 

Pump And Dump

A “pump-and-dump” strategy is a form of market manipulation that has been around long before cryptocurrencies existed. “Pump” happens when a coin or token’s attention and demand in the market goes up, leading to a price increase. Then, everyone “dumps” the cryptocurrency and sells, coupled with a spread of negative emotions towards it. This will result in big waves in the crypto’s value.
 
Like FUD, pump and dump is another tactic they use to manipulate the sentiments of the crypto market. In many cases, traders artificially inflate the price of cryptocurrencies with the hope of making a quick profit at the expense of other investors. 

A simple rule of thumb to avoid pump-and-dump schemes is that you should never listen to one particular influencer’s opinions about investment decisions or price predictions. Instead, take in as many different views as you can, do your own research (DYOR). Always verify and validate market news and information. 

Airdrops

Airdrop has become a central feature of the cryptocurrency space. It refers to the practice of crypto projects giving away free tokens to the public. This can lead to an increase in the project’s publicity and token circulation. It then gets more people trading it when it lists on an exchange. 

As a marketing strategy, it raises awareness for their offering among the crypto community and generates initial buzz around a crypto project. This creates a win-win scenario because the crypto project gets low-cost (or free) marketing about their project, and you get free crypto tokens. 

An example of a crypto project doing airdrops is Markethive, the next generation social market network, with its infinity airdrops and micropayments. As a member of the Markethive community, whenever you refer someone, you currently receive 500 Hivecoin. 

Also, your referral receives an equal amount upon joining. Once qualified, a member continues to receive micropayments allowing the ability to accumulate coins. Among many other of Markethive’s initiatives, this ultimately creates an entire ecosystem. 

 

In Closing

There you have it. Just some of the key crypto slang terms, and you’re likely to come across many more, along with new words and acronyms that will find their way into the crypto world as the industry evolves. To check out a few more, visit cryptocurrencyfacts.com. Cryptocurrency slang is a handy thing to know, and knowing where all these terms came from really highlights just how far the crypto asset class has come. 

HODL is really much more than some whacky acronym that is bandied about. It's symbolic of the sort of mindset and grit you need to have to brave the volatile crypto market. I’m sure we’ve all had weak hands at some point, nor are we immune to FOMO or FUD, but if we keep our head down and focus on the fundamentals, we’ll rise above it. 

There is a saying that goes:

"Where focus goes, energy flows."

If you are focusing on the "crazy" daily fall in your portfolio, it will throw you off and consume you. 

If you decide to focus on the fantastic ways cryptocurrency is transforming our world, you will be content in your investment decisions. 

I hope that being familiar with these terms will help you educate others about cryptocurrency. Of course, knowing the history and law behind them will make the explanation of these terms that much more interesting to your no-coiner friends. 

 

 

Resources: Coin Bureau, Genesis Block

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

The information contained in this article is for informational purposes only and not to be construed to be financial, legal, or investment advice. 

 

MARKETHIVE AIRDROPS AND MICROPAYMENTS EXPLAINED

History And Purpose Of Cryptocurrency Faucets

Before we get into what defines a digital or alternative currency faucet and how you can accumulate crypto in Markethive, let’s first go back to the beginning of the Bitcoin network to provide some historical background for those who aren’t familiar with Bitcoin or cryptocurrency jargon. 

For many, navigating the realm of Bitcoin is commonplace; however, there are still many people who, although they may have heard of Bitcoin, know very little about it. It’s hard to imagine, but some haven’t even heard of it.

The Genesis Of Bitcoin

On January 3, 2009, Satoshi Nakamoto launched the Bitcoin network version 0.1 (“Genesis Block”), the world’s first wholly decentralized cryptographic financial structure. Nakamoto “mined” the initial 50 BTC from the Genesis Block of the very first blockchain and from which all other Bitcoins have sprung.

Widespread speculation is that Satoshi Nakamoto does not exist, at least not as an individual. This moniker is more than likely an anonymous “alias” or an assumed name taken by the person who created Bitcoin or perhaps even stemming from a group effort, with all members opting to remain anonymous.

Certain people quickly recognized that it would be wise to get some “if this catches on,” as early users could become very rich. It was estimated that if Bitcoin would become the global reserve currency, each Bitcoin could be worth as much as $10 million – that price prediction is per EACH Bitcoin!

Fast forward to May 18, 2010, which is when it’s been said the first actual monetary purchase with bitcoin took place when Laszlo Hanyecz offered 10,000 for anyone who would order him a pizza, and someone did. The value of each Bitcoin in this instance was approximately $0.0025. At today’s BTC value, the 10,000 coins in the example would be worth over $346 million.

What Exactly Is A Faucet?

A bitcoin or alternative cryptocurrency (Altcoin) faucet is either a website or an app that gives out free bitcoins, which appeals to and attracts users by rewarding them with Satoshis. Sats, the abbreviation for Satoshi, is the smallest unit of the bitcoin currency recorded on the blockchain. It is one hundred millionth of a single bitcoin (0.00000001 BTC). 

The unit has been named in collective homage to the original creator of Bitcoin for completing simple tasks as described. These assignments typically require little human maintenance or intervention to administer while producing results. This is an excellent way for people to “get their feet wet” while earning BTC, all without risk. This “try before you buy”  introduction allows new users to experiment risk-free before putting in any real money. 

Faucets provide a practical way to popularize cryptocurrencies while attracting new users. The first bitcoin faucet (The Bitcoin Faucet) was created in Mid-2010 by Gavin Andresen. This first faucet initially gave out five bitcoins per person — worth around a penny in 2010 but worth about $173,000 today. 

Since then, the number of alternative cryptocurrencies or Altcoins has become available and stands at over 4000 and growing. Many have lost their luster and won’t survive or at least won’t increase in value. The few stronger ones with a purpose and underpinned by solid technology will survive and have created a faucet system. 

What Is The Purpose of a Faucet?

Faucets can help with the orientation of those individuals who are new to cryptocurrencies such as Bitcoin or other Altcoins. The bulk of faucets provide education and instruction to new users while giving them some free coins to “earn as they learn” without risk. 

This allows for practice with one or more “test runs” before they feel comfortable enough to move forward, putting in their own money. Since this whole “adventure” is relatively new and overwhelming or confusing to newcomers, the faucet provides a valuable way to promote the use of cryptocurrencies while at the same time attracting new users.

Faucets are heavily trafficked sites. It is not challenging to get a vast amount of page views and visits per day to any website handing out what represents money for free. A faucet can also provide a terrific way to promote other products, services, or content, especially to new users.

It’s one thing to create a well-liked faucet to attract new users while maintaining their existing database in a highly competitive market. However, without promoting extra value to the site’s visitors and users, it’s almost impossible even to make enough to cover the expense of the coins you are giving away. 

The only natural way to generate profit from a faucet is by seeing needs and trends in the marketplace (namely online via the internet) and offering something additional to the unique and valuable users. This can make a site particularly attractive, setting it apart from all the rest while creating much in the way of value for users.  If done right, this can also get the site to go “viral,” as news spreads very quickly via the net.

Conventional Wisdom: A Referral System

It’s commonplace for faucets to have some sort of referral program, where even more is given away. Existing users who refer new ones are rewarded with either a prorated amount of the new users' earnings from the faucet or some sort of pre-determined set amount by way of a matching bonus.

The creation of a faucet means establishing a payment processor or, in this case, a cryptocurrency wallet. A cryptocurrency wallet stores the keys (public and private) which can be used to receive or spend a cryptocurrency. 

Once created, the faucet owner then loads some bitcoin or other alternative crypto coins into their wallet. Then, payments for users are distributed to each person’s appropriate wallet, according to the site’s rates as outlined. These payments can then be transferred and converted into fiat currency, creating liquidity. 

The primary revenue source for faucets is marketing/advertising. Faucets attempt to acquire more users by giving away free coins for motivation. Some advertising, marketing sites, or networks will pay using bitcoins or other altcoins. In and of themselves, faucets usually provide very low-profit margins or ROI. Some faucets also make money by “mining” altcoins in the background.

Markethive Taking Faucets To Another Level [HIVE]

Markethive Airdrops

Markethive is determined to take a large share of the new Market Network next-generation following the Social Network phenomena. That Market Network is defined as a platform that is integrated with a social network (like Facebook), SAAS tools (like GoToMeeting, ZOOM, and Google Apps) commerce platforms (like eBay, Freelancers, Coinbase, Alibaba).

Markethive has created its consumer coin, Hivecoin (HIVE), originally named MHV, as an instrument to their Ecosystem for Entrepreneurs. So Markethive will establish their niche as the only social (Market) Network with an infinity Airdrop and a system that rewards the users for using it with additional micropayments, otherwise known as a Faucet.

Bottom line, by joining Markethive, you will get a Market Network Inbound Marketing platform worth $2500 per month for free and get “Airdropped” paid up to 500 Markethive coins [HIVE] just for joining. And continue to receive these coin assets for the duration of your life within the hive. 

Markethive Faucet System

The Markethive platform pays you micropayments of HIVE, similar to faucets. After you have 3+ people subscribed to the free Markethive Network via your profile page, the faucet micropayment system activates. From there on, all activity within the system pays you small but consistent coinage to your wallet daily. 

Since the entire system runs on Markethive coin (HIVE), you can expect the coin value’s volume demand and increased velocity to drive coin value accordingly. This is one of the main reasons we refer to our system as a legitimate alternative to universal income, based on ethics and integrity, not government-mandated theft and graft. 

Notably, it is not just another payment service provider other Social Media platforms have adopted. You earn or receive bounties in Hivecoin, and now is a perfect time to accumulate your coins. Once listed on high-profile exchanges and ultimately the Markethive Exchange, you’ll be able to convert it into the currency of your choice as well as transact with it within the Markethive ecosystem. The initial Markethive Wallet is in the process of being released once we are fully integrated on Cardano’s main blockchain.

Get Paid to Learn

Markethive is genuinely dedicated to your education, success, and sovereignty. Not only have we have made the Inbound Marketing Platform free (Compared to Marketo, which costs as much as $25k per month), we pay you up to 500 coins just for joining. 

You receive micropayments just for using the system after you have qualified by signing up three new subscribers (similar to faucet systems that pay out micro amounts of Bitcoin). We also pay you for taking our tutorials (no qualifications required, and each lesson you complete, you receive an accolade on your profile and coin in your wallet). How cool is that?

Conclusion 

Markethive’s Hivecoin will not depend on speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive. This is a fundamental difference from the other systems currently out there today.  The Markethive system has been developed to produce revenue in the traditional sense, with the added benefits of the blockchain taking it to the next level.

The Faucet system is a reward system similar to the Hive Rank but earns you coins for your activities. As I mentioned earlier, the first Faucet invented was the Bitcoin faucet launched by Gavin Andresen, one of the earliest Bitcoin developers, in June 2010. At that time, Bitcoin was about 8 cents. It gave out five Bitcoins a day until 2011 when it ran out of coins.

Markethive has embraced this reward system and applied it to the many marketing and communications aspects within Markethive.  The big "WHAT IF?" is; in 10 years, will Markethive coin have a similar rise in value? I will let you ponder that ageless question. 

 

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

 

WHAT ARE NFTs? A FAD OR THE REAL DEAL?

Now that we understand cryptocurrency fundamentals and are busy creating our ecosystem at Markethive, there’s a craze that has emerged in 2021, and it’s a thing called Non Fungible Tokens or NFTs. Although NFTs are not new, they have only recently become more popular among blockchain enthusiasts, artists, and collectors. 

To some, the cryptocurrency booming NFT market makes little sense at first glance. Nobody in their right mind would shell out millions of dollars for an NFT, yet this is happening almost every day. As it turns out, there is much more to NFTs than meets the eye, and some of these NFTs are only beginning to realize their fair valuations. 

What Is An NFT?

NFT is the acronym for Non-Fungible Token and is described as a unique digital asset or a digital representation of an asset that stores information about that asset on a cryptocurrency blockchain. This makes it permanent; it cannot be replicated or counterfeited, and ownership is provable. 

NFTs are created using Smart Contracts, which are essentially self-executing computer applications that cannot be modified once they've gone live. Depending on the smart contract conditions, it can allow for the creation of one or multiple NFTs of the same or similar kind.  

NFTs cannot be counterfeited because the blockchains they exist on are almost always publicly viewable and transparent. This means anyone can check if an NFT came from the smart contract belonging to the person who originally created it or from a different smart contract made by some imposter. 

The openness of cryptocurrency blockchains is also what makes ownership of these NFTs provable; you're able to easily see which wallet address is holding the NFT token you’re in which you’re interested. 

NFTs have technically been around since 2012 when colored coins were introduced to Bitcoin. These colored coins made it possible to add unique attributes to specific BTC coins to represent currencies and expensive artworks. 

Today, NFTs are more commonplace on Blockchains that utilize smart contracts as they do a much better job of minting and managing unique digital assets than Bitcoin. There are growing communities of NFT marketplaces and creators on several artworks blockchains. 

Almost anything can be represented by an NFT, including artworks, title deeds, web domains, collectibles, audio files, and even people’s identities and tweets. Ownership of the NFT can signify ownership of the asset it represents, though not necessarily the copyright to that asset.

How Do Fungible And Non-Fungible Tokens Differ?

The difference between fungible and non-fungible is that fungible tokens can be freely exchanged with another asset of the same denomination. For example, one bitcoin is worth the same as another Bitcoin regardless of who’s wallet they're in or what price they are trading. Any fungible coin is exchangeable and interchangeable with another fungible coin.

Non-fungible assets have a unique value. Sports trading cards are a perfect example; One card can be deemed more valuable than another and be sold at a higher price because it’s perceived as more valuable to the collector. 

Crypto Punks and Crypto Kitties are other NFTs are selling for over $100,000, and if you want to get a sense of how big the NFT market is, go to nonfungible.com. There, you’ll find the trading volumes of many popular NFTs, including Decentraland and Sandbox.

 

Jack Dorsey, CEO of Twitter, sold his first tweet on Twitter as an NFT for over $2.9 million, and the most expensive NFT sold for $69.3 million by Mike Winklemann, more famously known as Beeple. 

So the question you might be asking yourself; who is buying this stuff and why? 

Simply, it’s human nature to want to collect things, which has been the case since the beginning of time. NFTs represent the same obsessions that people have always had with owning certain things they perceive to have value. Some people get tremendous satisfaction by holding postage stamps and are willing to pay considerable sums to fill gaps in their collections. 

From a purely economic standpoint, when something is scarce or unique, it makes it open to having a lucrative price tag regardless of whether it has any objective utility or value. The Italian guy who sold the banana he duct-taped to a wall for $120,000 certainly proved this point. 

Constructive Force Of NFTs

To some, NFTs may seem nonsensical and a bubble about to burst, but they do have the potential to be a force for good, allowing artists to profit from their work without the intervention of middlemen like dealers and galleries. Because NFTs are built using smart contracts, they can be coded to ensure that, when sold, the creator can automatically be granted a percentage of the profits. In this way, artists can continue to earn a living from their work.

An example of this is Audius. Audius launched in September 2020 and made it possible for artists to stream directly to listeners while keeping the significant share of the money they make and are giving Spotify a run for their money with already over 3 million users. 

Another excellent example of NFTs with utility and value is blockchain domains. Unlike regular web domains, blockchain domains cannot be censored or taken offline because they are hosted on a decentralized blockchain instead of a centralized server. 

Some blockchain domains like .crypto also don’t have any renewal fees; it’s a one-time payment and yours for life. Notably, blockchain domains make it possible to accept cryptocurrency payments without a complicated wallet address. You can use a name of your choice instead of a random set of digits. 

Now, even though some of these NFTs have objective utility and value, it still doesn't justify the astronomical price tags you see for many of these. This just proves that most of the interest around NFTs currently being seen is caused by hype. And that most of the people presently buying NFTs have very deep pockets and probably too much free time on their hands. Arguably,  most are looking to make a quick buck by selling and or reselling NFTs.

There are even YouTube channels dedicated to flipping Crypto Punks or flipping plots of land on the Decentraland marketplace. There's also no shortage of video tutorials to help you mint your own NFT. If you want to go shopping for NFTs, your best options are Rarible and Open Sea. You'll find just about every kind of NFT on these sites, including art, blockchain domains, virtual land, digital trading cards, and other collectibles. 

If you want to browse tweets as NFTs or even mint your own tweets as NFTs, you can use the valuables site. Now before you dive into the NFT deep end, there are a few things you should know about the NFT market. 

 

Things You Should Know

Unless you're buying an NFT from a well-known artist, like Beeple, it can be tough to tell whether the NFT you're looking at has any real value.  In theory, you can check this by reviewing the “sell history” of that NFT to see if there's any demand for it. 

However, many sellers are minting NFTs and then buying them from themselves using other Ethereum wallets that they own. This creates an artificial sell history and gives you the impression that the NFT you're interested in has some market value. It's basically a solo version of the wash trading you see on many sketchy cryptocurrency exchanges. 

There are also a lot of sellers on NFT marketplaces pretending to be museums and art galleries. Sometimes they're even marked as a verified seller because they link to a dummy account on Twitter. These fake museums and art galleries sell high-quality images of semi-famous artworks found on Google as NFTs for a nice profit. 

Besides the risks mentioned above, there are a few others to keep in mind. The NFT market is clearly in a bubble, and unlike the crypto Market, there's going to be little to no support on the way down. This is mainly because the NFT market isn't liquid, and there's also no definitive way to determine the fair value of an NFT. 

A safer alternative to NFTs is the tokens that power their various marketplaces, but still, most of these NFT project tokens are in bubble territory. Both Coinmarketcap.com  and Coin gecko have designated tabs for NFT project coins. There are a few marketplaces pundits are watching closely.

Audius
As mentioned earlier, the Audius decentralized streaming platform is on their list. It’s common knowledge that musicians have been getting squeezed by record labels and streaming platforms for years, even decades. This pandemic certainly hasn't helped things either. Audius is a platform for artists to stream directly to listeners and keep the lion’s share of the proceeds. 

Although Audius has an excellent value proposition, there is an issue with its tokenomics. The Audio token has a supply of 1 billion, with a 7% annual inflation rate, and only 5% of Audio’s initial supply was airdropped to artists and fans. The other 95% has been allocated to the team and private investors and seen as a red flag. 

 

Chiliz
Chiliz has a great value proposition and is just as good as Audius. Holders of the $CHZ token can purchase fan tokens for sports teams such as FC Barcelona, a fan token called FCB. Also, holders of Chiliz fan tokens have a say in how their respective sports teams are managed. 

Most of these tokens are traded on the Chiliz exchange against $CHZ. Chiliz is expanding in terms of partnerships and adoption, and there seems to be much more to Chiliz than just the fan tokens.  

 

Decentraland

Decentraland is a VR platform powered by Ethereum. It allows users to claim parcels of LAND in a virtual world where they can create content, build applications, and then monetize them. In Decentraland, you can buy, sell, trade, and even create an NFT that can be used within this virtual world. 

In contrast to Audius and Chiliz, its MANA token has more robust tokenomics. It is said to be one of the most transparent and equitable distributions out there. No single wallet holds a concerning amount of the total supply.
 
Decentraland has limited plots of virtual land, which have sold for over six figures in the past. The strength of the MANA token comes from the fact that it's burned when a purchase of land takes place and burned when paying for fees for other Marketplace transactions. 

MANA token burns will grow as it continues to onboard users and secure new partnerships like the recent one with Atari, bringing virtual cryptocurrency casinos to Decentraland.

Giving it more weight is that Grayscale Investments, the world’s largest digital currency asset manager, has recently incorporated an investment trust for Decentraland and the MANA token.

 

Theta

Theta is a decentralized video streaming protocol that will likely rival YouTube, the same way Audius is likely to rival Spotify. If you think that’s a bit far-fetched, consider that Theta has partnerships with Google and Samsung and recently partnered with Sony's European arm.

Unlike other cryptocurrency partnerships, Theta’s affiliations are very real. Case in point; Theta.tv is embedded into Samsung Daily, which came pre-installed on over 75 million Galaxy smartphones that authentic people are currently using.  

Furthermore, Theta token probably has the best tokenomics of any NFT related project. It has a fixed supply with no inflation, and 100% of that supply is also technically in circulation. Theta has consequently seen very little resistance in its rise from five cents to over $6 over the last year. 

 

The State Of Play

The NFT market’s popularity is at an all-time high at the moment, but it’s only a matter of time before that bubble bursts. The aftermath will show that the projects with real value will be the ones that survive like blockchain domains, among others, and also some NFT art. There are currently talks to create virtual museums and art galleries for the pandemic-stricken legacy art industry where valuable art pieces are collecting dust. 

The possibility of showcasing NFT art in real life in your home using augmented reality is discussed in this article and the obvious next step from virtual NFTs. But what about NFT and Defi? Believe it or not, it’s starting to become a thing. There are already peer-to-peer marketplaces like NFTfi.com, where people can use their NFT as collateral to borrow stable coins. 

Like the fungible crypto coins, we need to identify the utility and purpose behind these NFTs and marketplaces and beware of sketchy or scammy projects. The many industries like sports, gaming, collectibles, art, and music are all starting to embrace NFTs. 

The idea of owning something entirely digital may seem crazy to some of us, but to those who already spend large amounts of their lives online in one form or another, becoming a second home, it just seems natural.

Just because something doesn’t physically exist doesn’t mean it can’t be owned or that someone else might someday be willing to buy it from you for more than you paid for it. Although having said that, expect sales of digital photo frames to start going through the roof.

A recent survey conducted with millionaires revealed a generational divide when it comes to non-fungible tokens (NFTs). While most millionaires say they don't know what an NFT is, more than a third believe it to be an “overhyped fad.” But a good two-thirds of millennial millionaires say NFTs “are the next big thing.”

Nearly half of millennial millionaires surveyed own NFTs, and 40% of those who don't currently own one have “considered” it. Comparatively, almost all the baby boomer millionaires, 98%, say they don't own any NFTs and aren't considering either.

 

 

Written by Deb Williams
Chief Editor and writer for Markethive.com, the social, market, broadcasting network. An avid supporter of blockchain technology and cryptocurrency. I thrive on progress and champion freedom of speech and sovereignty.  I embrace "Change" with a passion, and my purpose in life is to enlighten people en masse, accept and move forward with enthusiasm.

The information contained in this article is for informational purposes only and not to be construed to be financial legal or tax advice. Any NFT’s mentioned in this article should not be interpreted as a sign of support.