Everipedia, Inc. (ev-ree-PEE-dee-a) is a technology company located in the Westwood Village neighborhood of Los Angeles, California. It is best known for its online encyclopedia, Everipedia, which aims to use blockchain technology to reward users with cryptocurrency. These users curate and submit content to its database (the Everipedia Network) and get rewarded in the form of IQ tokens.
Everipedia's encyclopedia is recognized as the largest English online encyclopedia, with over 6 million articles, including all articles from the English Wikipedia. It has been labeled as an 'fork' and 'expansion pack' to Wikipedia, as it provides a significantly larger range of articles than the English Wikipedia. This is due to Everipedia's lower threshold for notability and emphasis on inclusive criteria.
The concept of Everipedia originated in December 2014 and launched in 2015. It was founded by Sam Kazemian, Theodor Forselius, Mahbod Moghadam, and Travis Moore. Kazemian serves as President, Forselius serves as CEO, Moghadam serves as CCO, and Moore serves as CTO. Larry Sanger, the co-founder of Wikipedia, joined the company as CIO in December 2017.
Originally, they started the company with a mission to build a more modern version of Wikipedia. They were inspired by Y Combinator's co-founder Paul Graham's blog post published in 2008 entitled "Startup Ideas We'd Like to Fund." In his list of ideas, he called for "more open alternatives to Wikipedia":
Deletionists rule Wikipedia. Ironically, they're constrained by print-era thinking. What harm does it do if an online reference has a long tail of articles that are only interesting to a few people, so long as everyone can still find whatever they're looking for? There is room to do to Wikipedia what Wikipedia did to Britannica.
On the user's side, Sam Kazemian and Theodor Forselius have talked about the idea that Wikipedia's Notability Guidelines hinder their ability to aggregate important information. Kazemian stated the following on the Break It Down Show:
Everyone knows what Wikipedia is - everyone uses it every day - but no one actually knows anyone that edits it. And anyone that actually looks for why that is quickly realizes that it is not an inclusive platform [because the site's editing process is] convoluted [...] What if there was a site that has all the information that Wikipedia has, has all that knowledge, but it was extremely easy to edit so everyone knows people who add stuff to it and reads it instead of this single-sided site where it's a household name?
Everipedia's official mission is to modernize, consolidate, and decentralize governance of the online encyclopedia. They aim to do this by allowing more editorial decision making in the editing process while also allowing for a wider breadth and scope of content from traditional encyclopedia websites such as Wikipedia.
Part of Everipedia's alternative was to import all of Wikipedia's content on their platform. This laid a foundation for people to add content to these pages that would not necessarily be accepted on Wikipedia's platform, such as links to their websites and social media accounts. In addition, Everipedia's users could create additional pages for people, organizations, and other subjects that are not found on Wikipedia.
On December 6, 2017, Everipedia announced that they were building "the first encyclopedia on the blockchain." Using EOS blockchain technology, they stated they are working on a cryptocurrency token called IQ. Not to be confused with IQ points, IQ tokens are intended to vote on protocol upgrades and further submissions or modifications to the Everipedia's database of articles.
The decentralized database creates an incentivized peer-to-peer network (known as the Everipedia Network) for submitting, curating, and governing a database of encyclopedia articles. It is fully governed by IQ token holders, who can approve edits, create network-wide rules that govern the encyclopedia, as well as buy and sell services for tokens on the network. This will work on Everipedia's website, as well as any website or applications built with its own user interface to interact with the Everipedia network (or a subset of the network).
In addition, IQ tokens play a central role in the consensus protocol of finalizing data entry into the network.
Everipedia's white paper discusses three modules that interact within the network:
IQ Token Module
Everipedia's token module is responsible for making changes to the IQ token balances of addresses. This includes the transferal of tokens, application of transaction fees, the minting of new tokens, and locking tokens for the article consensus process.
Everipedia's article module is used to propose edits and submissions in the database. Each edit proposal is sent and stored in an IPFS node (InterPlanetary File System); there will be IPFS hashes pointing to the immediate parent version and an IPFS hash pointing to the new version.
To propose an edit, users must put forward a small amount of IQ tokens as collateral, which is returned if the edit is approved. This serves as an incentive for people to propose accurate and valuable edits and a disincentive to propose edits that contain spam, as well as prevent trolling incidents.
Everipedia's governance module refers to any object which has scope to make changes to the network itself. Any governance-related changes approved by the community will reflect on every module, including the governance module.
The purpose of the governance module is to allow the the community to come to social consensus of the rules that govern the network as a whole. If approved, the new code can be deployed on-chain in a trustless manner.
Governance actions can modify the software for any of the three modules, but not the databases containing token balances and articles.
On March 7, 2018, Kazemian announced that the airdrop will take place in June 2018:
We are officially announcing the airdrop snapshot method as the EOS genesis snapshot tool for initial token balances. In the off chance that there is not an EOS mainnet or accepted genesis balance snapshot by June 15th 23:59:59 UTC, we will take the snapshot of registered token balances ourselves, otherwise we will adhere to the mainnet genesis snapshot for balances of EOS to airdrop to. This is the official and final decision. This essentially means that our intent is to airdrop IQ tokens on the allocation of EOS balances from the snapshot of EOS mainnet itself.
After a slight delay, the IQ airdrop took place on 12 July 2018. Soon after the airdrop, IQ trading began with IQ to EOS trading pairs becoming supported on cryptocurrency exchanges such as Bitfinex, Chaince and OTCBTC.
In July 2015, Everipedia received seed funding from Mucker Capital. Shortly after, Everipedia received its first outside investment from prominent angel investor and plastic surgeon Kami Parsa. It also received funds from multiple other angel investors that year, including David Segura and David Petersen, the co-founder and CEO of Buildzoom.
In November 2015, Mahbod Moghadam stated that Everipedia had 10,000 pages on their website.
By March 2016, Everipedia had published 200,000 pages.
In August 2017, Everipedia changed its domain name from Everipedia.com to Everipedia.org.
Within the months of 2017, Everipedia acquired between 2 million to 3 million unique users per month and an average of 3.5 to 5 million page views per month.
By late 2015, Everipedia hired multiple executive editors to enhance site growth, review content, and provide additional content strategies. Current executive editors include:
- Christian Deciga
- Millie Efraim
- Angel Ordaz
- David Liebowitz
- Konstantine Nikka-Sher Piterman
- Navin Vethanayagam
- Romi Ezzo
On December 6, 2017 Wikipedia co-founder Larry Sanger announced that he would be joining Everipedia team as the company's Chief Information Officer. On the same say Everipedia announced that they would be moving the entire process of editing and storing articles onto the EOS (cryptocurrency) blockchain. 
Everipedia is primarily used for reading, creating, and editing collaborative articles online. The pages are wiki articles, meaning the site's users can collaboratively edit the page's content and structure. In addition, they make it as easy as possible to create and edit the pages without knowing how to code; most online encyclopedias require you to know some form of code (i.e. Wiki markup).
Blockchain and Decentralization
In late 2017, Wikipedia cofounder Larry Sanger joined Everipedia as Chief Information Officer. Sanger and the Everipedia team claim to be working on using distributed ledger technology to create a peer-to-peer backend for the platform, including a tokenized governance system. On December 6, 2017 Everipedia announced that they would be moving the entire process of editing and storing articles onto the EOS blockchain and IPFS.
On Everipedia, contributors (referred to as editors or scholars) gain IQ points when they add more content to a page. This is based on a metrics that are tracked within the platform. One must register for an account in order to contribute and, in turn, accumulate IQ.
The top three editors (and the IQ they earned, respectively) are displayed in the 'Top Editors' section of every page. In addition, the site's Activity Feed displays the top editors of the day, week, month and all-time.
Everipedia is currently building the infrastructure to reward contributors on the site with IQ tokens on the blockchain. These tokens will allow contributors to vote on protocol upgrades and further submissions or modifications to the database of articles.
Notifications & Inbox Messages
Inspired by Facebook's notification system, Everipedia provides its editors with updates for any activities completed on pages and forum posts in which one has participated.
Everipedia editors also have the option of receiving email notifications for pages. In addition, one can send and receive private messages to and from one's inbox.
Article Discussion & Voting
Everipedia embeds an Article Discussion section in every page created on the site; it is located near the bottom of any page. This is used to discuss the page's overall content: what is missing, a request to update a page, or to report misleading or inaccurate information.
Furthermore, scholars can comment and upvote/downvote specific reference links on a page. The idea is for them to upvote sources that editors consider accurate and/or useful and downvote the ones they find inaccurate and dubious.
Everipedia uses structured meta data to organize their pages in a graph relational manner. A future API release will allow querying Everipedia content by property attributes. Users can use the Google Rich Data Testing Tool (https://search.google.com/structured-data/testing-tool) to see the type of meta data stored in an Everipedia page.
Las Vegas Shooting (October 2017)
On the night of October 1, 2017, an Everipedia editor misidentified the shooter of the Mandalay Bay Resort mass shooting. They stated that a man named Geary Danley opened fire from the 34th floor of the Mandalay Bay Resort at a crowd of people attending a concert. The article went viral, generating tens of thousands of views.
Once Everipedia editors noticed that Danley's page did not reference a source that proved Danley was the alleged shooter, they removed the content in question around 10 minutes of the page's original creation (taken from timestamps of edit history). They also attempted to clear his name by actively interacting with people on social media who continued to claim he was the perpetrator.