Uhive is a new revolutionary social network that allows users to make money while exploring interest related content. Uhive uses an advanced network, controlled by A.I. and supports virtual reality to offer users a unique, enjoyable and secure experience.
Uhive is a British online social media service that was founded by Muayyad Shehadeh, in 2018, with Jawad El-Anis Joining as CMO. Uhive’s mobile application allows users to share, explore, and interact with interest based content, through the Oasis - a spatial map of virtual profiles or “spaces” - across 26 interests The application also gives the users the option to explore and share content anonymously in its Free World, and will provide a VR experience soon
As a blockchain based social media service, Uhive formed a decentralized economy within its application by deploying its own cryptocurrency the Uhive Token (HVE). Users can either buy Uhive Tokens or earn them by using the application and engaging with it daily, so that they can later utilize them for in-app purchases.
The company is trying to create a disruption in the social media industry, by providing a social media application that focuses on improving user experience and protecting their user’s privacy. Since its Beta launch, Uhive welcomed 300,000 users and raised a total of $5.5 Million since it launched. In 2019, Uhive was ranked as one of the top 500 tech companies in the world on Crunchbase, and as one of the 10 Blockchain Ideas That Are Out-of-This-World, or May Change It according to cointelegraph.
Development and Launch
In February 2018, Uhive started to work on the initial development of the application. During that year, the company created its official cryptocurrency, the Uhive Token and introduced it on the Ethereum Network. In 2019, the alpha application was released, followed by the private release of its beta application for android. The release of the application coincided with Facebook’s announcement regarding the release of Facebook’s cryptocurrency the Diem (formerly known as Libra). The announcement caused media outlets such as Inc.com to discuss how social media startups such as Uhive will be impacted by this news.
In a Uhive press release, CMO Jawad El-Anis responded
“We’re a social network launching with our own digital currency right after Facebook announced Libra. That’s actually a blessing because Uhive was built on the foundation of a decentralized digital economy powered by our own currency [Uhive Token]. The more people taking notice of Facebook and Libra mean more attention for startups such as Uhive that are operating in the same space.”
A year later, the beta application was released to the public for Android and iOS users, with application updates and enhancements frequently introduced throughout the year. Updates included introducing a Uhive chat feature, the Oasis 3D map for content discovery, personal profile, security enhancements, and the creation of awards. Mid 2020, Uhive was being used by 100,000 users and featured over 4 million posts. By the beginning of 2021, Uhive expanded its user base to 300,000 users.and managed to raise $5.5 Million in funds. The last crowdfund that Uhive listed on Seedrs overfunded by 163% and raised $1.1 Million from over 550+ investors.
Uhive operates on an interest based manner - users have 26 interests to choose from to explore which are listed as follows: Music, Beauty and makeup, Movies and TV shows, Astronomy, Business, Education, News and politics, Technology, Autos, Pets and animals, Travel, History, Science, Comics and anime, Comedy and fun, Photography, Parenting, Home and lifestyle, Religion, Sports, Health and fitness, Food and drink, Fashion, Books and literature, Gaming, and Art and architecture.
Users who sign up automatically own a personal space or profile to share personal content, but they can also create an interest based space to create content relating to any of Uhive’s 26 interests. On their spaces, users can share interest-related content, and explore similar content of different interests on other users' spaces as well. The application is powered by an AI system that studies users behavior and interests so that users can always have access to content that they are interested in. Spaces and space names are non-fungible tokens; they are unique virtual real estate where users can sell, buy, or trade a space. The more popular a space is, and the closer its location is to the center in the Oasis, the higher their value is in the application’s decentralized economy.
The Oasis is a spatial space-like map which serves as a content discovery interface for users which allows them to jump from one space to another. The Oasis includes floating galaxies of Uhive’s 26 interests, which users can tap on to find and explore the content that is posted on all the spaces that exist in relation to that interest
Awards are prizes that users can give to other users as a way of appreciating their content. The awards have the ability to make the recipient’s space more prominent on the network.
Uhive’s application will support VR technologies which will allow users to experience the oasis in 3D for a more immersive experience of photos, videos, and other content shared on Uhive.
Uhive formed its decentralized economy by deploying its official crypto currency The Uhive Token. The Uhive tokens are built on the Ethereum network, and the users can buy them on the application or website to use for In app purchases which includes buying spaces, unique usernames, and awards. In February 2021, Uhive announced that they will be issuing a new version of the Uhive Token so that they can enlist the V2 Uhive Token on cryptocurrency exchanges, to allow users to buy, sell, trade, or withdraw their Uhive Tokens.
|“||2015: Started working on the Idea.
Researching social networking and human Psychology.
2016: Working on the Financial Ecosystem.
Working on the Grey world concept and behaviour.
Q1 2017: Working on integrating Hybrid Blockchain in the Grey world.
Adding Cryptocurrency ecosystem.
Q2 2017: Starting working on A.I. Technology and Preparing prototypes.
Q4 2017: Start working on our Uhive ICO Token Release.
Q2 2018: Uhive ICO Launch.
Q3 2018: Expanding the Team and working on preparing a beta release for iOS and
Q4 2018: Releasing Beta version to the world.
Release Uhive Tokens into Cryptocurrency Exchange markets.
Q1 2019: Release the Final App globally
Q2 2019: Release the App in 8 Different languages.
Release new updates and features.
Start working on our ADs (Advertisments) Platform.
Q3 2019: Enter China with Partnerships with China biggest Cloud Providers and ISPs (A
New World for China).
Release new Updates and Features.
Q4 2019: Release the App for another 10 Languages.
Release our Advertisement Platform Version 1.0.
Q2 2020: Release XBOX and PS4 editions, where people can explore the social network.
Q4 2020: Connect it with Smart TVs and many new IoT Devices.
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