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Decentralized encyclopedia Everipedia goes live on EOS blockchain
Decentralized encyclopedia project Everipedia went live on the EOS blockchain on Thursday.
With the mainnet launch, Everipedia will now move to a blockchain with a new URL from the previous traditional Web hosting service, CoinDesk explained.
Founded by Sam Kazemian and Theodor Forselius in late 2014, Everipedia aims to “modernize, consolidate, and decentralize governance of the online encyclopedia.” Using EOS blockchain, it developed “IQ” token intended for voting on protocol upgrades and submitting or editing articles on the Everipedia platform.
“These tokens entitle the token holder to governance and voting rights within the network, essentially making every editor a stakeholder in the network,” Everipedia said in its official announcement. “This model aims to make feasible a fully-autonomous encyclopedia without the need for advertisements or donations. Additionally, the decentralized nature of how the articles are stored using blockchain technology also essentially makes the network un-censorable.”
Earlier this year, Everipedia announced that it would distribute the IQ tokens through an airdrop. According to the official website, the IQ airdrop took place on July 12 and soon after IQ trading began with IQ to EOS trading pairs supported on Bitfinex, Chaince, and OTCBTC.
Wikipedia co-founder Dr. Larry Sanger joined Everipedia last year. Commenting on the launch, he said:
“We are elated to release our minimum viable network which allows users to vote on and create articles in a decentralized manner for the first time.”
In February 2018, the startup raised $30 million in a Series A funding round led by Galaxy Digital 's EOS.IO Ecosystem Fund.