Everipedia

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Everipedia
Everipedia logo.svg
Type of site
Online encyclopedia
Founded December 2014; 3 years ago (2014-12)
Headquarters Los Angeles, California, U.S.
Coordinates 34°03′42″N 118°26′28″W / 34.0617020°N 118.4412350°W / 34.0617020; -118.4412350
Founder(s)
Key people Larry Sanger
Industry Dot-com company
Alexa rank Increase 23,203 (As of 14 August 2018)[1]
Current status Active
Content license
Attribution-ShareAlike 4.0 Int'l

Everipedia (/ˌɛvərɪˈpdiə, ˌɛvəri-/) is a wiki-based online encyclopedia. Founded in December 2014, the site was launched in 2015 as a fork of Wikipedia. It is owned by Everipedia, Inc., a for-profit company headquartered in Greater Los Angeles, California. As of December 2017, Everipedia is the largest English-language encyclopedia, according to The Next Web, and has over six million articles, according to The Block, although the majority of these are copies of Wikipedia articles.

The site's name is a portmanteau of the words "everything" and "encyclopedia". Everipedia aims to build the most accessible online encyclopedia, and not be as restrictive as Wikipedia. Everipedia adapted social media elements such as letting celebrities communicate with fans, and allows users to create pages on any topic as long as the content is sourced. As of 2018, the site has been criticized for presenting false information on breaking news events, and for its original articles being focused on sensational topics such as YouTubers.

The company uses EOS blockchain technology and a cryptocurrency token called IQ to encourage generating information. One of the goals of the company is to stop certain countries from blocking its content by the integration of the blockchain model. Everipedia launched on the EOS blockchain on August 9, 2018.

History

Everipedia was founded in December 2014[2] and started as a small project of Sam Kazemian and Theodor Forselius in Kazemian's college dormitory room at UCLA.[3][4] Everipedia launched on January 1, 2015.[5] Travis Moore and Mahbod Moghadam joined the company as co-founders in winter/spring of 2015.[4]

In October 2015, George Beall was introduced to the founders of Everipedia at a conference at the California State Polytechnic University, Pomona.[6] After selling his technology start-up Touch Tiles in January 2016, Beall joined the group of co-founders.[6] In September 2017, co-founder of Wikipedia, Larry Sanger, became the chief information officer of Everipedia.[7][8]

Company

Everipedia is for-profit, not a foundation.[9] The site's name is a portmanteau of the words "everything" and "encyclopedia".[10] The website is owned by Everipedia, Inc.[11] The company is headquartered in Greater Los Angeles, California.[2] Its founders called the site a "thugged-out Wikipedia".[12] The site depicts itself as "the encyclopedia of everything".[13] As of February 2018, Everipedia has 15 full-time workers.[14]

The company has raised capital and brought in angel investors. In July 2015 the company got its first seed funding from Mucker Capital.[3] As of April 2016, the company had raised $120,000 from Mucker Capital and $400,000 from angel investors. They raised close to $130,000 on Wefunder.[15] As of January 2017, they raised $700,000 from angel investors.[16] It was announced on February 8, 2018, that the company raised $30 million in funding headed by Galaxy Digital's EOS.io Ecosystem Fund.[17]

The company stated in 2016 that they are worth $10 million.[18] As of June 2016, the site had around three advertisements on selected articles. In 2016, the site generated most of its income from advertisements.[3] In 2017, banner advertisements generated around $150 to $300 every day.[19] In 2017, there was a message at the bottom of every article stating, "Advertise" that directed to information for potential sponsors.[12] Kazemian discussed in an interview that people can have paid ads on selected Everipedia pages, similar to ads on Facebook.[20] The company aims to generate income through ways apart from donations or banners.[21]

Blockchain

On December 6, 2017, the company announced plans to move to generating edits and storing information using the EOS blockchain.[22] The initial plan was to combine the EOS blockchain and the InterPlanetary File System to house the heavier data files such as video and images. On December 6, 2017, Everipedia also stated they are building a peer-to-peer wiki network that adds an incentive system by using Bitcoin to incentivize editors with tokens that have legitimate monetary value.[23] After the blockchain is implemented, the company plans to convert the points into a token currency.[24] The tokenized system would let every user become a stakeholder in the wiki network. Each editor will put their token into play for each edit.[24] If their contribution is accepted, the user gets back the token, which will have obtained value in proportion to the content added.[24] If the edit is not accepted, the user does not get their token back.[25]

A draft of Everipedia's whitepaper given to CoinDesk in 2017 stated that no less than half of the entire 100 million IQ tokens will be allocated in an initial coin offering (ICO) and 30 percent would be minted across the next 100 years to pay contributors and validators for their edits.[26] 20 percent of the tokens would be reserved to cover development costs,[26] IQ Tokens where planned to be airdropped to the EOS list in February, with a network launch planned for June according to Forselius.[27] Bitfinex announced the airdrop of the IQ tokens on July 13, 2018.[28] Several cryptocurrency exchanges have announced plans to offer the tokens.[28][29][30]

Everipedia says the blockchain model does not have centralized servers, therefore eliminating the cost of servers,[31] which will reduce the need to raise money with advertisements.[32]

Websites can have their assigned server IP addresses blocked by governments.[33] By decentralizing via blockchain, Forselius claims that it is not possible to censor websites hosted this way.[34][35][32][36] Everipedia launched on the blockchain on August 9, 2018,[37] and launched on EOS's blockchain instead of Ethereum's blockchain as originally planned.[38]

Content and users

As of October 2017, the majority of pages on Everipedia are copies of Wikipedia articles.[12] A live bot forks Wikipedia content.[25] As of October 2017, articles were not updated as regularly as Wikipedia, according to The Outline.[12] As of December 2017, a live bot had compared changes, and updated changes but gave preference to edits on Everipedia, according to Wired.[25] As of December 2017, the site has over six million articles, more than the English Wikipedia,[39] according to The Block. As of December 2017, Everipedia is the largest English-language encyclopedia, according to The Next Web,[32] Inverse,[23] Money.it,[40] and High Tech.[41] The site allows for a larger range of articles than Wikipedia, as the English Wikipedia's notability guidelines are stricter than Everipedia's.[23]

In November 2015, Everipedia stated it had 10,000 pages,[42] and by March 2016 said it had about 200,000 published pages.[18] As of December 2017 it reported it has about 2 million to 3 million distinct users monthly and about 3.5 to 5 million page views monthly. The Alexa ranking of web traffic is at 6,380 in the US, as of 14 August 2018.[1] There are communities in Brazil, China, Germany, and India.[16] The company said in 2017 that Everipedia has 17,000 registered editors and 2,000 active editors.[25]

The site frequently focuses on trending topics,[43] with the few articles created by users of the site mostly being about sensational topics such as YouTubers, memes, activists, white supremacists, and police shooting victims.[12] The site has been criticized for initially presenting false information in wiki pages on breaking news topics.[12] The incidents were identifying the wrong people in the 2017 Las Vegas shooting[44] and the United Express Flight 3411 incident.[13] Everipedia does not allow censorship on any topic for sourced articles.[43] The Outline is concerned about the privacy ramifications of Everipedia, which developed many of its articles by gathering content from social media, creating publicly visible entries on non-notable individuals.[45]

Everipedia provided a paid service called Everipedia Plus.[46] Kazemian told Wefunder in 2017 that, "paying customers can get a professionally edited and done encyclopedic article about themselves".[46] According to the company, customers receive a verified blue check that the content is verified and correct as well as properly sourced.[46] The service offered a tailored Everipedia entry that gets "full-time monitoring for updates and preventing vandalism".[12]

References

  1. ^ a b "everipedia.org Traffic Statistics". Alexa Internet, Inc. 2018.
  2. ^ a b "Everipedia, Inc". Crunchbase. 2018. Archived from the original on 2017-12-15.
  3. ^ a b c Bowman, Bryan (7 December 2016). "From UMass to Silicon Valley: An interview with 'Everipedia' founders". Amherst Wire. Archived from the original on 22 December 2017.
  4. ^ a b Lindström, Emil (16 December 2015). "Emil möter: Theodor Forselius" [Emil meets: Theodor Forselius] (in Swedish). Emil Lindström. Archived from the original on 7 January 2018.
  5. ^ Delahunty, Thomas (27 February 2018). "Theodor Forselius Hopes To Replace Wikipedia With Crypto Alternative". NewsBTC.
  6. ^ a b "The Daily Pennsylvanian - | Wharton dropout creates Wikipedia alternative alongside Rap Genius co-founder". 2016-03-25. Retrieved 2018-10-16.
  7. ^ Patterson, Dan (8 December 2017). "Why Wikipedia's cofounder wants to replace the online encyclopedia with the blockchain". TechRepublic. Archived from the original on 25 January 2018.
  8. ^ Brown, Leah (11 December 2017). "Why Wikipedia's cofounder wants to replace the online encyclopedia with the blockchain". TechRepublic. Archived from the original on 12 December 2017.
  9. ^ Kopańko, Karol (9 February 2018). "Everipedia ma być Wikipedią na blockchainie, której nie można wyłączyć" [Everipedia is to be Wikipedia on Blockchain, which cannot be disabled] (in Polish). Spider's Web. Archived from the original on 17 February 2018.
  10. ^ RTTNews Staff Writer (9 February 2018). "Everipedia, Blockchain Rival To Wikipedia, Raises $30 Mln From Novogratz". RTTNews. Archived from the original on 17 February 2018.
  11. ^ "Company Overview of Everipedia, Inc". Bloomberg L.P. 7 January 2018. Archived from the original on 15 December 2017.
  12. ^ a b c d e f g Christian, Jon (4 October 2017). "Everipedia is the Wikipedia for being wrong". The Outline. Archived from the original on 2 January 2018.
  13. ^ a b Pierce, Matt (12 April 2017). "No, the media did not identify the wrong David Dao as United's passenger". Los Angeles Times. Archived from the original on 13 September 2017.
  14. ^ "Meet the 22-year-old Swede with world-conquering plans for his crypto-remake of Wikipedia". nordic.businessinsider.com. Retrieved 2018-10-17.
  15. ^ Christian, Jon (30 November 2017). "Who funds the crowdfunders?". The Outline. Archived from the original on 25 December 2017.
  16. ^ a b Malankar, Nikhil (12 January 2017). "Mahbod Moghadam: Journey From Rap Genius To Everipedia". Tell Me Nothing. Archived from the original on 4 July 2017.
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  26. ^ a b "Wikipedia's Co-Founder Joins Everipedia as CIO". FinTech Reporter. 18 December 2017. Archived from the original on 25 December 2017.
  27. ^ Brown, Mike (9 February 2018). "Blockchain-Based Everipedia Reveals When Project Will Start Airdrop". Inverse. Archived from the original on 12 February 2018.
  28. ^ a b Ngetich, Dalmas (14 July 2018). "OS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: BitFinex Lists Everipedia Tokens as Stellar adds 8%". NewsBTC.
  29. ^ BEKA Staff (4 June 2018). "Everipedia Prepares June Airdrop Supported by Multiple Crypto Exchanges". ChannelVision Magazine.
  30. ^ Simran Alphonso (16 July 2018). "Binance distributes Everipedia [IQ], token pumps by 58.22%". AMBCrypto.
  31. ^ Perez, David (7 December 2017). "Everipedia: la alternativa del cofundador de la Wikipedia basada en blockchain" [Everipedia: The alternative of the co-founder of Wikipedia based on blockchain] (in Spanish). Omicrono. Archived from the original on 24 December 2017.
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  33. ^ Iandoli, Rafael (20 December 2017). "O que é Everipedia, a biblioteca 'incensurável' que quer derrubar a Wikipedia" [What is Everipedia, the 'unobjectionable' library that wants to overthrow Wikipedia] (in Portuguese). Nexeo. Archived from the original on 26 February 2018.
  34. ^ Wallenbergtorsdag, Björn (14 December 2017). "Wikipedia-grundare ansluter till utmanare startad av svensk 22-åring" [Wikipedia-founders Connect to challenger started by Swedish 22-year-old] (in Swedish). DiGITAL. Archived from the original on 15 December 2017.
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  40. ^ Adonopoulos, Giulia (7 December 2017). "La nuova Wikipedia su blockchain per sfidare la censura" [The new Wikipedia on chain to challenge censorship] (in Italian). Money.it. Archived from the original on 3 January 2018.
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  44. ^ Baird, Addy (2 October 2017). "White House-credentialed media outlet falsely accuses 'far left loon' of Las Vegas shooting". ThinkProgress. Archived from the original on 26 October 2017.
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  46. ^ a b c Moon, Jiwon (31 July 2017). "Everipedia Update | Part 1: Intro to Everipedia and New Features Since Campaign". Wefunder. Archived from the original on 22 December 2017.
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