5 Reasons Steem Will Explode In The Future
There is a lot of work that goes into success. Online, this means a great deal of development is required for onboarding a lot of people can take place.
The world of blockchain is still rather new and not known by the masses. While many projects have great ideas, development seems to be lagging for many. This is not the case for Steem.
In spite of the bear market, there are a number of projects that were developed which I believe will alter the course of Steem. These 5 have the ability to attract millions of users over the next couple years.
I will admit I am not following every project, so there might be some I missed. However, these are the Top 5 reasons why Steem will explode in the future.
Smart Media Tokens
This certainly belongs at the top of the list. It is a protocol that can radically alter the path of crytocurrency. I feel that one of the biggest variables to mass adoption is distribution. SMTs allow any website to be tokenized, thus creating a mini-economy. By providing incentive to people for whatever activity the site values, tokens are distributed to users.
What I love about this is that it is reversing the flow. Instead of trying to bring people to Steem, we are going to see Steem brought to the masses. No altering of behavior is required by the individuals. The difference is that they will be part of the Steem ecosystem the second they sign up even though they are not using Steem-based applications.
Communities
Here we see another reason for massive growth with Steem. Communities is a feature that is presently in beta. One of the main features that was discussed was the ability to own a particular community. This is a radical departure from what we presently see from the main platforms.
I feel one of the true values of communities will be to those with large followings. This does not have to be necessarily content creators. Anyone famous could set up a community and own that. Imagine Lebron James opening up a community and rewarding his fans.
The other valuable feature is the fact the community is in tact no matter what interface is used on Steem. Social media is full of silos. People work hard to establish their Twitter, Facebook, and YouTube followings. However, all those are different. With communities, we see the community in tact regardless of the Steem application used.
Steem-Engine
Last week there was an update that laid out the plans for the rest of the year. This provided a lot of valuable information that is taking Steem-Engine to the level of legitimate exchange. From what I can tell, once all the features are implemented, this will be full-service. Anything that takes place on the larger exchanges will be possible on Steem-Engine.
The addition of NFTs are going to spur on a great deal of innovation. I already saw a number of posts by those in the gaming community that are really excited. The ability to earn/create unique assets and provide ownership to them even after leaving the game is revolutionary. This is not something we really saw before.
By gaining approval to be a money transmitter, Steem-Engine is going to start allowing some fiat onboarding. One of the drawbacks to Steem is how difficult it can be to get the token. Steem-Engine is going to make this process easier, albeit using a peg to STEEM. Nevertheless, it is simple to convert from STEEMP to STEEM.
Threespeak
Here we see an application that flew a bit under the radar compared to the rest of this list. Yesterday, however, @theycallmedan put together a video that was very enlightening. It was a bit longer than his usual ones since it was packed with information about where the future of @threespeak is.
There is a lot going on behind the scenes. We are going to see some updates rolling out soon that will move the platform forward a great deal. They mindset of this team is not simply to create a video platform that rivals YouTube, but 10X it in terms of what is offered to the users.
Since the beginning, this application positioned itself as an alternative to the censoring that is taking place on YouTube and Facebook. This is being taken to a new level as there is a purge going to take place over the next week by YouTube. There is enormous pressure out there to silence certain voices on social media. Threespeak was built with the intention of providing everyone a voice, regardless of what they had to say.
By combining the community feature, threespeak seeks to provide each content creator with the ability to start his or her own social media platform. Another radical departure from the present way things seem to operate.
Spinterlands
We finish with the most successful application on Steem, and perhaps in the entire world of blockchain gaming. Splinterlands (@steemmonsters) enjoyed a great deal of success over the last couple years in terms of rewarding the players and having the platform grow.
This is only going to move to another level now that most of the baseline development is in place. The last feature, which I understand to be out by the end of the year, is a mobile application. This should open up the path to more growth since more than half the world connects using mobile.
There was also a crowdsource fundraiser which netted the money required that will be used, at least in part, for marketing of the game. The team's goal is to make Splinterlands one of the biggest games out there. Blockchain gaming offers some distinct advantages over traditional gaming. This application is positioning itself to leverage that before the rest of the gaming world is even aware it exist.
It is much easier to build upon existing success rather than develop it initially. Splinterlands already has a couple years of major success in the blockchain world. It seems poised to take things to the next level.
The fascinating aspect to this is all that is mentioned here will take place within the next 6 months. Much of it will be revealed either by the end of the year or shortly thereafter. We are not taking about plans that are 1-2 years down the road.
In my opinion, these 5 projects will provide Steem with the necessary features to stage a period of massive growth. The pieces are falling into place and the teams behind many of these projects have plans to bring users onboard. Realistically, it will only take success in one area to radically change things. That said, I feel there is a good chance that all of these projects are highly successful.
Please add your thoughts in the comments below on other projects you feel might have a similar impact on Steem.
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Thank you for the great information you post. Just returning to Steem and Steemit after over a year of absence, all the changes had the head spinning. Still getting caught up, but this post of yours kind of lends focus to what I would like to check out.
Hi @taskmaster4450, I'm a DTube Chain block producer & STEEM witness. I'm currently working on DTube Rewind 2019, a compilation of all things trending on DTube this year.
I'm requesting if I can use a small section (< 15 seconds) of the following videos for the upcoming Rewind this year:
If you decide to authorize, you will receive a portion of the 70% of post rewards allocated to original content creators who will be featured. More details about this can be read here.
Does this work as authorization. Go ahead and use it.
Thank you
Great post! I have come back to steam after previously being discouraged. I came back because there seemed to be a community forming here around a game called Gods Unchained. I think community specific content with draw new users in.
Previously I left Steem because it seemed like all the top posts were just upvote trading posts and any food content was very hard to find. It seems like the Steem community has really come together to change this.
Splinterlands should be no.1 :)
totally just : splinterlands IS the #1 winner and most succesful but splinterlands drives on dollar, not steem, STEEM is a business expense to them (where i live that spells tax-deductable ...) they are quite apt at doing business but that doesn't make them #1 moneymaker for steem in fact, all respect to the splinterlands team though, dont get me wrong :)
they KNOW how to make actual money, not hyperventilated coins lol
b/c of the hyperinflation the only way i see STEEM explode is into a cloud of dust particles where each has a worth of 1/googolplex in the end ... 7 billion people ... 1.5 trillion dollar (liquid circulation) ... 2300 officially recognized crypto currencies in the world , total value less than 300 billon ... mathematics say, like confucius would : not enough dollar to fill every hole , and all new currencies are either over numbered or hyper-inflated ...
math wins, cant beat the math, the numbers state value will disperse as the total number grows, if they print another trillion dollar right into circulation, then that value diminishes too
The trick will not be to have steem , steem will be worth crud unless they stop inflation and burn every single steempromille they ninjamined at the start (history doth lie sometimes but these are the facts, the liquid pool is the problem b/c thats waiting to sell of, and the hyperinflation in the middle of a global downtrend, combined with too many mc's and not enough mics mean just that)
doing business is not having steem and THAT
is why splinterlands is number one :D
i know everybody likes to hear how the south will rise again (proverbially) but like this it wont lol
splinterlands however, will ... they dont even need steem, its just very convenient (but im sure they're too sly and shiney to EVER say something like that) , and it IS an awfully nice piece of TEK/software ... UltiMatt might be a decent coder but i always had the feeling he's even a lot better at sales ...
;-)
do the math, it can NEVER work out under hyper-inflation
doesn't mean you can't run succesful projects using words like cardonomics
popular opinion is what i do best ... but i dont know a single game in history that has items from the vanilla version sell for more than those from the latest expansion ...
marketing-wise i give it an A+ :)
and that doesn't mean steemit/condenser and hopefully a decent api for the engine soon ...
is not something cool to play with, it's just not gonna make you money just from having
unless they turn it into BTC ... but that means
no more social network with rewards
im gonna shut up before i have a posse at my door with torches and pitchforks lol
if the network itself wants worth (not in the least to potential investors / advertisers) it needs bulk users and bulk posts, not 6000 posts a day from a 100k mostly dormant or silent accounts
everybody knows that but the top brass is still making nice money while sleeping ...
about a months wage for free more or less
https://steemit.com/mediaofficials/@rudyardcatling/witnesstracker20191207-201912070203563016
where i'm from anyway that would count as
i dont wanna discredit anyone but these are the facts and facts usually dont sell well unless polished into something so shiney it blinds the senses hahah
gud (im gonna hide now from the inquisition) :p
funny coincidence : 10 minutes after i find my server crashed and on reboot all my autovoterfiles corrupted ... = lol ?
maybe but not really ...
Superb, lots of great stuff happening! 2020 could be where it all takes off…
Dear @taskmaster4450
Great read.
Could you please let me know more about it? It's very first time I'm hearing about that news.
Yours, Piotr
https://steempeak.com/threespeak/@threespeak/youtube-purge-is-coming
Thank you for sharing this link
Steem has a lot going for it and it continues to amaze me that it does not break out and go viral. Communities have lots of potential and we have all the rest too. It could just take a few key people signing up and bringing in a few thousand others. We have to keep boosting the new users who add value.
I will also eSteem.app which have be build great UI on mobile and desktop. eSteem is currently experiencing in-app gamification with it ESTM token design for proof of action. 2020 will be the year of blockchain social network.