New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency.
Uhive Is Doing Things a Little Differently
Based in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed.
Either people are terribly sick of the likes of Facebook and Twitter – which they probably should be, given how much censorship these platforms and others like them impose – or they’re just really into the idea of crypto-powered media, suggesting that digital assets have potentially become far more mainstream and legitimate than standard news outlets would have us think.
Uhive – which was founded in the year 2018 – garnered funds from as many as 310 investors through a platform known as Seedrs. The social media firm is free to use and is split into two separate entities: Civilized and Grey. One features virtual reality technology, while the other is fully powered by the company’s new UHive token. Read More