Uhive Social Network Enables Users To Mint Their Profiles Into Nfts

Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Up until now, for the most part it has been digital ‘art’ or digital media that’s being minted and sold as an NFT. What Uhive has done is build into their social network the ability for any user to turn their own personal profile or page , all of it’s content, and data into an NFT! Imagine owning your profile and its data on any legacy social xlm price prediction 2020 media platform, and being able to say how your data is used, and if it’s used to generate revenue, you will earn the lion’s share. What Uhive have effectively done, is deliver on multiple empty promises made by other social media to hand over some or all of the controls to users, but in a way that would be impossible without NFTs. First of its kind, Uhive is a decentralized, AI-based, and blockchain-powered social media network.

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Users on Uhive will truly own their space’s NFT, because they contain a unique token address on the Ethereum blockchain, specific to their space’s location, number of followers, content, badges, social scale, and rewards. Once the space’s NFT token is minted, the owner of the space can request to transfer it to their own Ethereum wallet for safe keeping, or sell it by transferring it to another user’s wallet. Recipients of the NFT will be able to claim the space by transferring the token to their own Uhive wallet address. Based in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology.

Hence our deduction of Uhive social universe being an alternate twitter. In recent weeks we have seen a turn of events due to WhatsApp informing the general public of a new privacy policy that will be implemented come February 8, 2021. This was proposed to see users data migrated from whatsapp to Facebook vice vesa which led to the discovery of other alternatives to the famous Whatsapp. Uhive is a revolutionary new British creator-first social network that has made it its mission to turn current social networks’ business models on their head! The cosmic themed social network is the first social network to create Non-Fungible Tokens for its users’ profiles and that’s just the tip of Uhive’s disruptive technology. It led Uhive, a British social media startup, to make an effort to give the control back to the user base by launching the decentralized moderation platform calledThe Magna Carta Protocol.

Uhive Historical Data

As far as social networks are concerned, the concept of virtual real-estate is unique to Uhive, but Uhive takes it one step further by turning spaces into non-fungible tokens . Uhive is a social media platform aiming to be https://cryptominer.services/ a world of its own having the option to purchase items on the platforms. But it doesn’t stop there, in other to have this trading ability. Uhive has its own currency Ʉ that you can earn from performing task on the app.

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According to a survey by the Pew Research Center, about 73 percent of Americans believe that social media companies intentionally censor content. This statistic is hard to ignore, with at least one of the Big Four – Twitter – promising to deliver a decentralized moderation standard. The microblogging platform is yet to deliver on this promise. Right now, my partner’s using Uhive and she’s earning tokens at the same time, from other users sending her awards for her content.

About Uhive

Users can explore interest based content through the Oasis – a spatial grid of virtual real-estate – and perform in-app purchases using the Uhive Token. In-app purchases vary from buying awards to reward creative content and provide it with more visibility through decentralized moderation , to buying Spaces that live inside the 26 interests within the Oasis. Spaces were designed to become NFTs from the conception of Uhive back in 2018.

As the world’s first social metaverse,Uhiveworks to merge physical reality with its digital counterpart. In the process, it aligns cultures, communities, entertainment, commerce, and economies in a Social Metaverse. The company was created with the typical mission of generating profit for its proprietors and shareholders but to generate value and wealth by offering digital dividends for all users. The main provisions of the Magna Carta still resonate with the free societies of the modern world.

Featuring Spaces, a unique and interactive interface or virtual land, this network according to a recent press release will enable users to mint their profile or Spaces into NFTs. Users on the network trio markets anmeldelse will have the right to mint Spaces into tokens and have them transferred to their various digital wallets. With these tokens in their possession, they can decide to either sell or exchange them.

Market Cap

The resultant digital file becomes an unforgeable and indivisible digital collectible. Once cryptographically encoded onto a blockchain, a copy of this file is then uploaded to an NFT auction market where it can be purchased and/or resold with cryptocurrency. If you haven’t heard of NFT’s, or nifties, don’t worry, you are not alone. With COVID dominating the 2021 news cycle it is no wonder that most are unaware of this $338 million (Non-fungible) market taking the digital world by storm.

Seems like there are never enough ‘yoga poses’ and ‘healthy bites’ on social media LOL . NFTs or non-fungible tokens are a unit of data stored on the blockchain . This makes the data they store unique, it cannot be forged, and it’s only transferable from one owner to another through explicit consent.

  • When autocomplete results are available use up and down arrows to review and enter to select.
  • Users free Uhive tokens to kick start their journey on the Uhive platform.
  • But it doesn’t stop there, as Uhive gives you the option to show you really!
  • Touch device users, explore by touch or with swipe gestures.
  • The number of social media users globally in 2018 was 3.196 billion, up 13% year-on-year.

Included in this data is the NFT’s unique token address specific to each space’s physical location within the Oasis. This digital land deed grants the owner exclusive rights to the space in question, as well as all its content and followers, and allows them to withdraw the NFT to their preferred wallet in order to sell or trade the space. Decentralized and AI-based social media network Uhive to enable users turn profiles or Spaces into… As the world grows more decentralized, moderation of online content is ripe for disruption.

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These currencies are stored on a section of your profile called “My wallet”. Ʉ is not a redundant digital currency as you can withdraw it to an ETH wallet of your choosing [I am yet to try this. But if you do, let us know if it was successful in the comment section below]. You can also purchase Ʉ token with external currency like BTC and other digital currency if you so please.

Uhive, The New Crypto

By exchanging HVE2 against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Uhive can be earned or received in various ways. HVE2 considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the HVE2, including HVE2 to PHP, HVE2 to INR, HVE2 to NGN, HVE2 to THB, HVE2 to CAD, HVE2 to PKR, HVE2 to IDRand many more in the queue. The given all are fiat currency and the most widespread pairs in the market. Uhive, a British social media startup, has introduced “The Magna Carta Protocol,” which serves as the world’s first complete community moderation system for the social network. The Magna Carta was written over 800 years ago, but it’s main provisions still resonate today within free societies in the physical world.

Its principle imposes that all individuals are created equal and have the equal right to be heard, and they are to be judged by their peers only. Drawing inspiration from this concept, Uhive created a decentralized moderation . The company explains that they made a move to cover the gap between our “digital rights” and our rights in the physical world, especially at a time when the world increasingly embraces the “metaverse.” Spaces can be purchased using Uhive’s very own ERC-20 cryptocurrency – Uhive Token HVE2. HVE2 which resides on the Ethereum blockchain not only powers transactions across the Uhive network, but also abides by the compliance guidelines that allow a token to be a tradeable asset. Investors and traders alike can now purchase the platform’s native currency on LATOKEN using Tether or Ethereum trading pairs or on PROBIT exchange with bitcoin.

That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention. Overall Uhive this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase. Overall Uhive has an poor community rating, small communities can be easily manipulated and bullied into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase. I want something that compliments and improves my current digital experiences and combines this with my physical-world experiences.

So, with more users and more demand, their value will continue to climb. In addition to the Uhive Token HVE2, this AI-based social media network has a native currency LATOKEN which investors and traders alike can own and exchange for ETH, Tether, etc. Using the network’s native token Uhive Token HVE2, an ERC-20 token, users can purchase Spaces. The token does not just power this blockchain-based network, but it complies with a set of predetermined guidelines which allow it to be a tradable asset.

What is NFT in Crypto?

Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.

The percent change in trading volume for this asset compared to 24 hours ago. At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful. The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Using a unique and innovative interest-based model that rewards users, this social media network is disruptive. Think of Uhive spaces as parcels of virtual land some with and some without properties. Their intrinsic value fluctuates and is dependent upon many factors including, but not limited to; location , the level of engagement a space receives, the amount and quality of followers a space has .

In addition, Users are rewarded for Daily App engagement. These rewards are fully automated and instantly credited to your internal wallet daily. The maximum a user can receive from the engagement airdrop is 50,000 HVE tokens.

Does Elon Musk own Dogecoin?

Musk himself owns Dogecoin, along with other cryptocurrencies like Bitcoin and Ethereum, according to a tweet he posted in October 2021.

Circulating supply shows the number of coins or tokens that have been issued so far. Market cap is calculated by multiplying the asset”s circulating supply with its current price. Popularity is based on the relative market cap of assets.

Demand is skyrocketing and it’s no wonder that everyone from artists to businessmen to sports franchises are creating their own version of these unique, high-valued, digital assets in their attempt to cash in on the burgeoning demand. Current social networks suffer from privacy concerns while giving nothing in return to users who are very active. With a native token and engagement rewards for using the App, and tying economics to the quality of content on the platform, users on Uhive are constantly incentivized to create great content. HVE Token will be listed on a tier-1 exchange on 31st March 2021.

How do I buy Uhive tokens?

Using the Paypal & Crypto option, you can buy Uhive tokens with Bitcoin, Ether, or via PayPal. Just tap the Buy tokens button there, and you will be redirected to the Uhive website to complete the purchase process. Use the Exchanges option to trade through Probit or LATOKEN.

The teen basics retailer reported earnings, which appear to have contained more bad news than good news. This seems to be Uhive’s overarching goal – to make crypto accessible and useful for everyone. Which I love about this project, and is, in my opinion, Uhive’s magnum opus. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Is Uhive listed?

Uhive finally unleashed the beast — HVE2 Uhive Token is officially listed on Probit and LaToken exchanges. Since Uhive’s launch, Uhive Token has only been used to power transactions on Uhive’s network — which left many users curious to see Uhive Token’s full potential.

The principle that all individuals are created equal, and have the equal right to be heard and judged by their peers only. Inspired by this, Uhive’s decentralized moderation protocol was born. The “Evolution of Digital” a “Successor State” to the internet, whatever it’s being called, it’s here. Success depends on community development and social adoption. Good team but could use more members with strong social media presence, like influencers to help spread the word and increase adoption. UHive has created new digital assets, the value of which will grow with the number of users, as they are limited in supply.

The earliest trading data for Uhive is on March of 2021 . The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. The Only Way is Up for HVE2 HVE2 is racing towards SUCCESS, making waves and getting noticed by trackers, exchanges, and crypto traders. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.

In fact, Uhive Universe promises to have a blockchain currency of their own that pays users for every activity they participate in on the app. Release XBOX and PS4 editions, where people can explore the social network. We are focusing on releasing the full version app by October 2019, with the launch of more features by end of year. Currently, we are building a team to manage influencers, with the aim of on-boarding 1,000+ medium to micro influencers into the UHive community, by designing attractive influencer packages. The number of social media users globally in 2018 was 3.196 billion, up 13% year-on-year. Over the last day, Uhive has had 2% transparent volume and has been trading on 5 active markets with its highest volume trading pairs being .

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