I think the only way for the variety of purposes to materialize is if a big company decides to invest in Hive.
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So you are saying the only way anything other than social media appears if with VC money.
With the current market situation and public sentiment, in a way, yes. Those "variety of purposes" need a good amount of capital to pay for the writers, the servers, and other fees. They can maybe try to go for ad revenue, but I don't think it will be enough. If they try to offer something already existing and established in Web2, then it will be an uphill battle of trying to get users. With low users, I don't see a lot of advertisers coming and paying a lot.