Everipedia

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Everipedia, Inc. (ev-ree-pee-dee-a) is a technology company located in Santa Monica, California​​​. ​ It is best known for its online encyclopedia, Everipedia,​ which uses 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 that can be exchanged for local currency at a cryptocurrency exchange.

Youtube Video
YouTube - Everipedia CEO Theodor Forselius & CTO Travis Moore | Interview at EOS Global Hackathon Hong Kong


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. [98][101]


Everipedia's name is a portmanteau ​of the English words 'everything' and 'encyclopedia.' [98]


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. [90]


History

Origins

Everipedia was founded by Sam Kazemian and Theodor Forselius ​ at UCLA in December 2014. The website was created as a side project out of Kazemian's dorm room.


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" : [64]

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 : [87]

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.


Blockchain

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. [91] ​ 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. [96]


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. [96] ​ 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). [96]


In addition, IQ tokens play a central role in the consensus protocol of finalizing data entry into the network. [96]


Image
The three modules of the Everipedia Network and their interactions

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. [96]

Article Module

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. [96]


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. [96]

Governance Module

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. [96]


The purpose of the governance module is to allow 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. [96]


Governance actions can modify the software for any of the three modules, but not the databases containing token balances and articles. [96]

Airdrop

In January 2018, at an EOS meetup in South Korea ​, Sam Kazemian announced that Everipedia was airdropping IQ tokens on EOS's distribution list. [102]


On March 7, 2018, Kazemian announced that the airdrop will take place in June 2018: [104]

Youtube Video
Sam Kazemian announcing that Everipedia will airdrop their IQ tokens on EOS's distribution list (EOS South Korea meetup)

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.


Funding

Seed Funding

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 2016, Everipedia received $130,000 on Wefunder ​, a crowdfunding service which connects start-ups with investors online. They were valued at $22 million. [75]

Series A

On February 8, 2018 Everipedia announced that they had received $30 million of funding from a group of strategic investors in a Series A ​ led by Galaxy Digital ​'s EOS.IO Ecosystem Fund. [93] [94]


Statistics

In November 2015, Mahbod Moghadam stated that Everipedia had 10,000 pages on their website. [106]


By March 2016, Everipedia had published 200,000 pages. [107]


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. [108]


Community

Core Team

Image
The Everipedia team at Block-Con in October 2017

Sam Kazemian ​ and Theodor Forselius ​ co-founded Everipedia in December 2014.


In April 2015, Travis Moore ​ joined Everipedia's team as a co-founder and their CTO .


In May 2015, Mahbod Moghadam, also known as his alias "Maboo" on Genius ​ (the website he co-founded), joined the company as a co-founder.


By late 2015, Everipedia hired multiple executive editors to enhance site growth, review content, and provide additional content strategies. Current executive editors include:

In September 2017, Suchet Dhindsa joined the company as the COO.


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 day Everipedia announced that they would be moving the entire process of editing and storing articles onto the EOS (cryptocurrency) ​ blockchain. [90]

Features

Core Functionality

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). [85]


Blockchain and Decentralization

In late 2017, Wikipedia ​ cofounder Larry Sanger ​ joined Everipedia as Chief Information Officer. [92] [91] ​ 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. [92] ​ 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​.

Everipedia IQ

Everipedia is currently rewarding contributors on the site with IQ tokens on the blockchain. These tokens allow contributors to vote on protocol upgrades and further submissions or modifications to the database of articles.[96]

Notifications & Inbox Messages

Inspired by Facebook ​'s notification system, Everipedia will provide its editors with updates for any activities completed on pages and forum posts in which one has participated.


Everipedia editors will 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 will embed an Article Discussion section in every page created on the site; it is located near the bottom of any page. This will be 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.

Structured Data

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.

Controversy

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.




See Also

All information for Everipedia's wiki comes from the below links. Any source is valid, including Twitter, Facebook, Instagram, and LinkedIn. Pictures, videos, biodata, and files relating to Everipedia are also acceptable encyclopedic sources.
Other wiki pages related to Everipedia.
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