Hey guys, I saw the Terra news as well and it's honestly not as bad as people make it out to be.
13 Mar 2022, 12:14
Hey guys, I saw the Terra news as well and it’s honestly not as bad as people make it out to be. Let me address this as there’s a lot of people talking about it.
1. On day 1 of HYVE coming into being we already had competitors worth billions with proven track-record, i.e. Upwork, Fiverr etc
2. This shows we are going in the right direction. It’s clear that thete is an opportunity here.
3. We also plan to make HYVE work on both Terra and Solana.
4. We are talking about a single tweet, not a live platform with users. Even if they publish it, it will take a while. Furthermore, their platform will only work on one chain. By the time they launch, HYVE will be live on 6 chains at the very least, including Terra and Solana.
5. We have already built an enormous amount of infrastructure, which obviously they have to as well.
6. An advantage we have at this point is user analytics. We have monitored how people interacted with the platform and are upgrading it based off of that. The new website is coming out in a bit over a week along with the first platform UI/UX update which includes new features.
7. It is highly unlikely that literally every freelancer on the planet will choose to use the Terra platform exclusively. If that were true, Fiverr would never have existed considering it launched years after Upwork.
8. HYVE is much more than just “another freelancing platform” and I mean that in the real sense of the word. At this point alone, HYVE as an Ecosystem is composed of 4 different products or components. The first is obviously the freelancing platform which by the end of April will be completely revamped and finished. The second is the launchpad which we are already integrating directly within the existing application, and it contains both governance as a service and staking vaults as a service. The third is a surprise which will be unveiled when the new website goes live and is an extension to everything we already do and the fourth is our library/SDK which we’ll be opening up this year to let other people build on top of HYVE.
Now with that being said, I will reach out to Terra, albeit I think that they are more interested in the marketing that this news brings rather than the actual goal of offering people equal access to work opportunities.