steemit

BLOGSSTEEM (STEEM): Monetizing on January 22, 2018 By Globalcoin
STEEM
No wonder STEEM is going up steadily, going towards 7$ per coin and gaining on new increases slowly. Although STEEM is a blockchain based coin like the majority of coins, this neat digital currency is rocking with 1.5 billion dollars in market cap thanks to its purpose of monetizing content published on the internet.

How is STEEM working on monetizing content and turning it into $$$ and where does STEEM stand at when it comes to making investments and operating with this coin?

Media and Information – New Monetary Values

Media and information, given that the internet is the largest and the most visited database ever to exist, can be without any hesitation marked as a form of value that can be monetized. Media, as we all know, regardless of having information being broadcasted on television, internet or ending up in the newspaper, has a massive influence on people, creating targeted audiences and trading with information in exchange for attention – that attention can then turned into a monetary value.

If you think about it, you share content almost every day and even more than a couple of times per day when using Facebook, Twitter, Instagram and similar social networks. Many people are also paid to do so – but what if all people involved in sharing, distribution and commenting would be paid for their contribution to add value to content?

That is how STEEM is focusing on turning shared content across the internet, turned into value. This is without a doubt a fantastic idea given the fact that we rely on Google whenever we are looking for answers – whatever we need to know we can just type it in and see minimum 2.5 million results brought to us in the matter of a second.

Although we find this phenomenon not a phenomenon at all, having all that info available on the fly and at any time is a privilege. In order to show appreciation for content writers and people who are working on distributing and sharing original and useful content, STEEM is monetizing content by giving it value through a network called Steemit.