BoardzA global forum powered by Bitcoin

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1/ Introducing Boardz: A Global Forum Platform Powered by Bitcoin SV

It is a social platform where people can discuss different topics and monetize their content.

Read the full announcement. We want to see all BSV users on Boardz! https://t.co/YUsX79tsBz

— Boardz (@BoardzApp) December 5, 2022

Board is a global forum where users can discuss various topics and earn Bitcoin SV. In order to encourage early participation, the Rewardz program is launched with more than 80 BSVs, ready to give good content to users.

2/ To get you involved quickly, we will reward the first contributions to the platform.

We just topped up our BSV wallet to tip you. All you need is to connect your @handcashapp and post some cool stuff on Boardz! pic.twitter.com/8lpnwIHKbp

— Boardz (@BoardzApp) December 5, 2022

Boardz is akin to old-school style forums like RedditorGameFaqs. One Boardz user once compared it to Reddit:

Source: Boardz

Thematic forums already have pre-curated topics such as sports and technology with some Bitcoin-specific categories like Bitcoin SV, Bitcoin Script, and NFT. Boardz claims to be for all types of users, not just Bitcoin users, which is badly needed in this space. Tipping and linking a HandCash Wallet is optional when signing up, but it will entice users to eventually get a HandCash Wallet if they see they can earn by doing so.

This model implies that the application must add real value without necessarily a gain factor that, in theory, attracts a truly interested user. Many digital currency apps that give out money, at first, see their usage drop significantly once the free trends fade away.

The real question is how can Boardz attract and retain users in 2022 as many social platforms multiply? Penetrating network effects and increasing your own is very difficult. Yet the natural response is to offer a unique value proposition, and this is where NFTs can play a key role.

Boardz is gathering feedback from its early adopters on which NFT/token protocol they should integrate. One of the first features they are looking to implement is PFPs (NFT Profile Pictures). Boardz may be looking to copy Reddit, as they successfully launched a similar concept. Reddits CryptoSnoos are available on OpenSea and Ethereum, which means high gas fees.

https://t.co/WTVeFrli51

— Duro Dogs (@DuroDogs) December 8, 2022

If a platform is at scale, having transfer fees that exceed the value of the transaction is a no-start. This puts a high price floor on digital assets, which is great for limited use, but not for mass adoption, especially if we’re looking at high-volume use, like being able to set and own multiple NFT PFPs for each user or property of submaps. Reddit is said to have over 50 million daily active users in 2022 and over 3.5 million subreddits exist.

According to this article, there are about 3 million CryptoSnoos. This is likely capped by the high floor prices and gas fees (minting and trading). While I agree with the video above, I disagree with the prices listed. NFTs must be available at as low a price as the market will set, which could be as low as a tenth of a penny. Many will scoff at these low prices, but conceptually this should be viewed from an abundance perspective rather than a hierarchy.

Source: Boardz

Instead of wanting to take a 10% cut on a few $1 million NFT transactions, take a 0.1% cut on 1 billion different transactions. Which approach brings in the most money and adds more value? The simple fact is that other blockchains cannot compete with this model. Hopefully, Boardz can leverage the micropayment capability of Bitcoin SVs to increase its network effect compared to other similar platforms.

Watch: BSV Global Blockchain Convention Panel, Metaverse, NFTs & Blockchain

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