Nasdaq talking about Steemit

Just ran across this article on Nasdaq.com talking about our favorite blockchain/content creation platform.

This is very exciting news for all of us, I have copied part of the article but you can full the full link below if you wish to read the full report. It is dated may 17 so its about a month old but the first time that I read this.

Last year, Steem issued a $1.3 million payout to Steemit users. Half was distributed in Steem Dollars, each worth about $1, and half in Steem Power."Because it's based entirely on a blockchain, Steemit shows what social media can look like without censorship," said Steemit CEO Ned Scott at the time. "Everything we see on Steemit.com comes from the open source Steem blockchain, so the entire network is replicable on any front-end application."

The Intersection of social media and the blockchain

Every major social media platform has offered users a way to communicate with others and earn social currency, such as followers, traffic to their content, likes and retweets.Now, a new breed of social media networks has emerged - one that uses blockchain technology to build platforms enabling users to control their data and escape the censorship imposed by the likes of Facebook and Twitter. In addition, these new social networks reward users with cryptocurrency.One such new social media platform is Steemit , which runs on top of a decentralized network known as Steem. Steemit rewards users with its own cryptocurrency in addition to social currency. Much like Reddit and Facebook, Steemit uses its incentives to encourage users to post, share and react to content.