One startup from the Cayman Islands named Everipedia has recently launched its peer-to-peer encyclopedia. The launch took place on August 9th, according to a press release published by the startup.
As the PR stated, Everipedia is designed to be an “autonomous encyclopedia without the need for advertisements or donations.” The project is based on the EOS network and will function and reward curators with its own token, dubbed “IQ.”
The co-founder of Wikipedia turned Everipedia CIO – Larry Sanger – has commented in the release, stating that they are “related to release a minimum viable network which allows users to vote on and create articles in a decentralized manner for the first time.”
Talks about a Wikipedia “alternative” have long floated around the cryptocurrency circles. However, the co-founder of Everipedia said that he is “not planning to do anything directly in the blockchain space.” As he added:
“I am very intrigued by the idea. A lot of people have pitched me on their ideas in the journalism space, I just don’t see it makes a lot of sense. I’ll continue to reflect and think.”
The co-founder of Everipedia spoke to Bloomberg this week and highlighted IQ as one of the biggest challenges currently facing the project. As he told Bloomberg:
“Designing token economics that actually works and makes sense is the most challenging aspect. It’s easy to create a token and have it do nothing except act as a unit of account inside of some service. But that’s not what the IQ token does.”
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