Can Leofinance Become A SuperApp?

What will it take to become a SuperApp? Is that even possible?

Elon Musk mentioned the idea of "the everything app". Since that time, it is something that really captured my imagination. For this reason, we have to seriously look at this idea on Hive.

With these ecosystem, there are few project teams as diligent in the desire to expand as Leofinance. To me, this epitomizes the concept of a complex, organic ecosystem. At times, it resembles total chaos. Nothing is structured with rollouts happening haphazardly.

For those who prefer order, this is nervewracking. However, it is also a basic characteristic of decentralization. When an ecosystem has permissionless engagement, things can go in many different directions. This is even true when the core team is centralized, yet influences can come from the outside.

Therefore, back to the main topic, can Leofinance become a SuperApp?

SuperApp: Excelling In Many Different Areas

I take this notion from the idea of a nation-state as a superpower. Today, the US is the sole one in the world. Some might push back on that, citing Russia's nukes or China's economy. The problem with this is that to be a superpower, one must dominate in many different areas.

Let us look at some of these:

• military especially Navy
• economy - robuts and resilient
• upper level education
• advanced banking and financial system
• enough food to feed the country
• energy to power the economy
• technology
• defense

When you go through the list, cite how many countries are stong in all those areas.

The same is true for an application. If we view the digital world as network-states, then applications have to dominate in more than just one area.

Here is where we can start to develop the criteria to judge this.

By the way, it is something that is lost on Web 2.0. Outside of Musk with Twitter, there is no mention of this concept elsewhere. The majority still look at social media as just that.

So what are some of the areas that we need to excel to be a SuperApp?

Some ideas are:

• finance - DeFi
• microblogging
• video
• long form content
• tokenization/incentivation
• ease of us
• reward system of some form
• network effects

Obviously, these are just a few areas that are important. It is likely that many more will develop over time.

One key pieces to this is the first one: finance. This is something that is going to have to be developed greatly. If not, most applications will falter since I foresee DeFi being integrated into everything.

Where Will Leofinance end up?

This is hard to say. The positive in all of this is that the project team is willing to take the feedback. At this time, the "everything app" is already on the radar. That means ideas are being tossed around in this area.

To believe the future is going to be one where our devices are filled with an app for each thing we want to do is misreading what is going to take place. It is likely we will have 2 or 3 main applications that we utilize for the most part.

For this reason, Hive's future lies in a couple of applications taking this concept and really developing it. No longer should the focus be niche. Certainly, since we are dealing with communities, it can have that theme to it. However, it has to hold general appeal. Actually, a everything app is going to have to service all while offering "subcategories" whereby communities can assemble.

This was what made Facebook so successful to start. It allowed, albeit loosely, for community connections. The key from here is to take this to another level while also incorporating the monetazation aspect. This is where Web 3.0 truly will excel.

Can Leofinance ultimately fill this need?

What are your thoughts on this subject?

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