Happy SNAX Day For Those Who Are Interested: A Glimpse Into The Future

Today is May 14th, 2019. On this day, SNAX integrated with Steem.

This might not be monumental news to some but, to me, it does provide some insight into what the future is going to hold and the enormous power of cryptocurrencies.

To be frank, I do not know a ton about the SNAX program. It appears that @dragosroua is involved in it and a block producer so questions about this might be better served directed at him.

What I can tell you is that SNAX is an EOS fork that rewards people for their social media networks. It is an added "layer" to what is already provided on Steem. Individuals are able to earn extra tokens as reward for their efforts.

The SNAX project is aiming to integrate itself with existing social media applications. I believe their first one was Twitter. This enables for the monetization of an existing platform as a means of growth. Steem appears to be their second choice.

This tells me a couple of things. The first is that Steem is recognized among those in the crypto community. When it comes to users, Steem ranks up there. Many feel this is bogus because we do not have a ton of accounts transacting. The reality is this shows how small the crypto world is at this point. Steem's traffic ranks with other blockchains.

There is another facet to this. The traffic on Steem is different from many other blockchains. We see some with high numbers yet those are mostly comprised of exchange activity and gambling. Steem's activity is more concentrated within the social media realm.

The second part is what I feel is a glimpse into the future. People are going to be rewarded in numerous ways for the same activity. The integration of SNAX with Steem is only the beginning. We are going to see a lot more of this in the future. SCOT and SMTs are also providing another layer with which individuals are rewarded.

Cross blockchain integration is only going to accelerate this. Providing people with greater access to larger ecosystems will stimulate more experimenting. The innovation that is going to come out will increase the value of the entire industry. At the moment, we have blockchains that are separate islands. A street that connects to no other streets does not have great value. It is only when that street is joined with other ones that its value (utility) increases.

I believe we will see the same thing within this realm.

Personally, I will not be surprised to see many more projects like this come along. By collaborating with different projects, innovators can increase their access instantly. This saves a lot of time in building a following.

At the same time, nobody is bothered by the increased "competition" because it does not exist. Those who are creating a second layer are only provided an added benefit to the ecosystem. I do not know if SNAX is the answer but it could be one of those platforms that takes off, thus pulling Steem along with it.

We are approaching the time when people will get additional rewards for cross-pollinating their content. Create something once and get paid on it in many different ways.

It was well over a year ago that I realized what the future would look like regarding cryptocurrencies. I felt there will come a day where the average person is earning 25-50 different currencies a month, being rewarded for all kinds of different activities. This might be too low a number. With the possibility of receiving three or four tokens for the same activity, we could see this number be higher.

Either way, this is what I believe the world will look like once cryptocurrency goes mainstream and a fair part of the economy is tokenized. People are going to receive incentive for everything they do.

Exciting times are ahead.

Here is a post by the @snaxteam that provides more details.

https://steempeak.com/steem/@snaxteam/snax-integrates-with-steem

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