Digital platforms generate enormous value. This means that we are looking at the ability to spread value across the entire spectrum.
In this video I discuss how looking at what is being built on Hive in such a manner frames things in the context of where value creation is going. In fact, I do not believe there is any other way to look at Web 3.
▶️ 3Speak
You are perfectly true. If we should look at the standard that has really been set on hive, it definitely looks like something that will be handled for so long and will be replicate in digital space
I can see Hive as slow and steady with their development of different apps, but there is definitely a wide range of them available, and being created. This is definitely better than a lot if not most of the other blockchains. Our text based blockchain has a lot of potential, and it will only get better as more developers decide to create apps here.
Hive opportunities are truly enormous. The dApps are great pillars that will foresee the expansion of Hive.
I am so confident what dapp is to offer to the world to come and many more. This is just the beginning
Hive is leading the way in opening up the enormous opportunities in web 3 digitalization
I just joined couple weeks back . and am already falling in love with community and tech here .
Summary:
In this video, the speaker discusses the significance of digital platforms in the current business landscape, emphasizing the shift towards every company needing to operate as a technology company. He uses examples such as Tesla and Walmart to illustrate how traditional businesses are evolving to become technology-oriented. The speaker highlights the importance of embracing technology and data to stay competitive in the digital age, drawing attention to the upcoming web 3 technologies and the potential they hold for future innovations. He also stresses the role of users and builders in creating value within digital platforms, particularly in the realm of web 3 and tokenization.
Detailed Article:
The speaker opens the video by addressing the transformation occurring in the business world, where traditional companies are transitioning into technology companies to stay relevant. He points out the necessity for all businesses to adopt a technology-focused mindset to avoid obsolescence in the digital era. Drawing comparisons to major tech giants like Facebook, Google, and Amazon, he underlines how these companies were inherently built in the digital landscape, resulting in their success as technology firms.
Moreover, the speaker delves into specific examples like Tesla and Walmart to showcase how companies are leveraging technology to disrupt and innovate within their respective industries. He praises Walmart's logistic operations as a testament to its technology-driven approach, even though it may not match Amazon's online presence. This discussion leads to the speaker's strong belief in the potential of web 3 technologies, citing them as the future due to the technological advancements that will shape everyday life.
Furthermore, the speaker raises concerns about monopolies in the digital space and the implications of unchecked dominance. He highlights the pitfalls of monopolies becoming complacent, leading to diminished service quality and increased prices for consumers. However, he acknowledges exceptions like Google, which continuously enhances its search product despite holding a monopoly position. The speaker notes the evolving competitive landscape with emerging alternatives to established platforms, signaling a shift in consumer behavior.
The discussion shifts towards the dynamics of digital platforms, emphasizing the importance of adding value for existing users rather than solely focusing on acquiring new ones. The speaker emphasizes the role of users as owners in web 3 platforms, stressing the significance of contributions from builders and developers to enhance the platform's value. He elucidates on the potential financial benefits for early adopters, especially concerning tokenization within digital platforms.
In conclusion, the speaker encourages viewers to embrace the evolving digital landscape, adopt a proactive approach towards technology, and actively contribute to the development of digital platforms, particularly in the context of web 3 technologies. He implicates that the shift towards web 3 offers immense value to stakeholders, particularly early adopters, emphasizing the transformative potential of user and builder contributions within digital ecosystems.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.