We often speak of the Hive economy. This stems from the idea of a network-state where we can view Hive through the lens of a nation. Of course, it is fully digital, hence without borders.
Like any nation, an economy has to form. Obviously, the goal is to create one that is thriving, resilient, diversified, and advanced. With Hive, we are starting from scratch.
We are fortunate that we Hive is a monetary system. For that reason, everything we create is instantly part of the ecosystem, able to accept medium of exchange that is offered.
Hive-shop is another example of the expansion that is taking place. The site went live the other day, offering cryptocurrency and Hive merchandise to the community. Hopefully this will be something that expands over time.
Website: https://hive-shop.io/
Hive Payments
A central part of the economy is to have transactions. This is the idea behind medium of exchange. Value is transferred from one wallet to another.
Here we can see that Hive-Shop is exclusive with Hive. It accepts the base layer Hive coins along with swap.hive.
There is another interesting twist.
The only currencies accepted are tied to Hive. This is a bold step but one that does put the focus exclusively upon this ecosystem.
Here we see a great use case for the Hive Backed Dollar (HBD). This is the stablecoin that encompasses the medium of exchange on the Hive blockchain. A shop is the ideal location to utilize it.
Offerings
We won't go through a lot of the features since anyone can surf the website. However, here is a glimpse of what is there.
Clothing:
Accessories:
Home & Living
Hive Integration
One of the more interesting features with this is the fact they offer gift cards. Here is a way to get the Hive economy going while supporting the work of a member of the community.
Think of the potential with contests and shows that are related to Hive. Here we see how a gift card could be offered as a prize in a contest that is run. The winner will receive it and be able to purchase something from the shop.
These can be used as incentive mechanisms as well as a way to reward one's following.
Hive Brands
Why does this site have to stop with Hive based merchandise?
How about getting together with other project teams to create merchandise for them? We could see t-shirts, hoodies, and mugs for many of the different communities. It becomes a way to raise brand awareness.
Leofinance could offer these products through the site. The same is true for Ecency, 3Speak, Ragnarok, Liketu, and PsyberX. Anything related to Hive could end up having merchandise sold on here.
This is a way the communities can support their favorite games or applications while also helping to build the Hive economy.
Disclaimer
So far, there is no personal knowledge about the site or the person behind it. However, on blockchain we can do a bit of research.
It was developed by @mary-me. This might not be a household name to everyone on Hive. That said, there is a track record.
Here is the screenshot from Hiveblocks regarding this account.
As we can see, this is something who was on Hive for over 5 years, with over 320 posts. We can see the voting power the person is active in curation (or using autovoters). I found the information about this project on LeoThreads so there is manual interaction taking place.
We also see ties to HiQ. That is a blockchain based magazine that was running for over 4 years.
Finally, we see references to Hivefest, including a recap of the activities.
It is obvious we are dealing with someone who has strong commitment to Hive and spent time here. This is not a Johnny (Janey) Come Lately.
Here is the Hive-Shop Announcement Post that was reblogged under the main account.
In Conclusion
We have another situation that is adding utility to HBD. This is important for the growth of the ecosystem. At the same time, we have a way to support another member of the community while spreading the word about Hive.
If the past is any indication, we will see more innovation from the community. Give it a tool and people figure out ways of incorporating it into what they are doing. This is the fascinating aspect to the constant evolution.
Here is another opportunity for people to get creative with what they are doing. Merchandise of this nature is a great branding tool. Perhaps we will see other projects getting involved.
For now, we have another feather in the cap of the ever growing Hive economy.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
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Thank you for your post! It means a lot to me!!
Until just now, I was still busy publishing HiQ (@hiq.magazine). Those were stressful days...
It's a load off my mind that Hive Shop is (working and) so well accepted 😅😊 There were a few small problems with the payment service today, but they were quickly resolved. Thank #GOSH 🙏 lol 😄
Until 3.3. the promotion with the code HIVE10 is still running, with which you get 10% discount on your purchase. When this promotion ends, there will be another marketing offensive... I will try to start promotions as often as possible to keep the project moving.
Thank all for the positive feedback and the great support ❤️
It would be great to be able to buy food using HIVE locally.
It is great to see this type of implementation and could become the framework for many other websites who may offer other kind of service or merchandise and have users pay in HBD, Hive as a project is just so new and there is a lot of development going on, from here its just time for all this seed projects to mature and grow a user base, this s progress 👍
It does open the door for more shops to open up and people to follow suit.
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Shopping for awesome products and paying with HBD is an amazing step in the right direction.
It is a nice step forward. We will see how this one expands.
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Fingers crossed
Oh wow! Another milestone unlocked for Hive.
@taskmaster4450
Do you know the developers here?
I have a suggestion.
Maybe this will be best if turned into an online e-commerce where other people can also sell their items. Not sure if Hive infra is ready for e-commerce platforms though. Maybe start with Digital Products or Online Services?
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I made a comment here yesterday, kinda seconding what you said, since I've also wanted to sell certain items in a Hive-based online shop. Then I remembered HiveList Store and tried signing up for it. Less than 24 hours later, my first items are on sale. Now the question is, how quickly are they going to be seen / sold. But at least we can say that the shop is there.
oh wow thank you so much for bringing this up to me.
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You're welcome! It seems like of interest to you.
And the HIQ Magazine ist very good, wonderful. English and German.
Newest edition
https://peakd.com/@HiQ.magazine
https://peakd.com/@HiQ
LG Michael
!invest_ vote
*HiQ
Other than that you are right. :P
That is pretty cool. I am going to have to check it out when I get a chance. More offerings like this are going to be really great in the grand scheme of things!
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What happens to HBD when the US dollar is destroyed and no longer exists. Can we quickly turn HBD into something like "HBG", i.e. gold? Hive backed gold, is that possible before the system of Hive collapses?
I think you can burn HBD for HIVE?
HBD would be as worthless if USD collapsed, and HIVE in USD would go up.
To start, HBD isnt backed by dollars it is backed by Hive.
As for the rest of it, that isnt going to happen anytime soon.
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That's awesome and having a Hive shop can only contribute to expanding the $HIVE and $HBD use cases into the real world and spreading the word. So much development on Hive lately, it is getting crazy to keep up with everything!
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It's a start and in the right direction. I am sure another category in the shop segment would be stationary. Like buy stationary using HIVE and HBD. That would be one more niche to work on. I don't have means to be in this business but anyone who made a start is good for the Hive ecosystem.
I think this is another good starting point for the commerce section on Hive and it could expand as the ecosystem grows. The Hive payment exclusivity is a great selling point.
Well, I made a test buy. Ordered a T-shirt 😀
Awesome! 😁✌️
This is really exciting to me. I love the idea of using Hive and HBD as payment for goods instead of converting to fiat. I am curious about setting up an online shop offering the use of our native tokens as payment options. Is there a community already established for this topic?
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Guilty Parties is compiling a list when possible.
But I dont believe there is a community dedicated to it.
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Perfect, thanks!
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Very awesome, !luv the fact they don't accept Fiat.
!PIZZA
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!LUV
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congratulations and keep the good work up
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It's always nice to see more use cases for HBD and I like an outgoing market using HBD/HIVE. I am not sure about it's appeal outside of Hive though if it only accepts Hive/HBD though/
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Gracias por visitar mi sitio y apoyarme
awesomeeeeeeeee!
Awesome @taskmaster4450 😊👍