Steem is a social blockchain platform and a cryptocurrency built to provide financial incentives for the content creators to keep on doing their job with as few obstacles as possible. This primarily refers to offering better monetization prospects and broadening the outreach of the created content.
Steem was created by Ned Scott and Daniel Larimer, a co-founder of BitShares and the lead developer of EOS. The platform’s whitepaper was published in March 2016. Steem is one of the most popular blockchains in terms of the user numbers, with more than a million of active users and over 400 apps made for it.
Crypto experts see Steem as a potential source of disruption in the global social media domain. Creation of content paired with decentralized compensation system and the lack of censorship should bring back some of the power to the community of content creators and the users which interact with their creations.