Everipedia aims to overtake the world’s leading digital encyclopedia. It is co-owned by Theodor Forselius, a Swedish 22-year old entrepreneur. Another co-founder is Mahbod Moghadam. Last year, Larry Sanger, who is a Wikipedia co-founder, joined Everipedia as their new Chief Information Officer.
Everipedia was founded on January 1, 2015. Before this, the team was active editors on Wikipedia.
Of course many people questioned that we would be able to compete with Wikipedia since it is one of the largest sites in the world. Now that we have raised a lot of money and have one of Wikipedia’s founders on-board we are being taken more seriously.
According to Forselius, the difference between Wikipedia and Everipedia is that the latter is utilizing blockchain technology to run its network, with the goal being to finance Everipedia by means other than donations or banners.
He also added that giving the encyclopedia a crypto-twist will add financial incentives for users. Editing Everipedia costs tokens. If the edit is not an improvement, the token is forfeited. On the other hand, if the edit is deemed to improve the site, the user will be rewarded with more tokens.
People around the globe will have a chance to tap into the economic value that is created when they use internet services. What we are seeing now is the beginning of something much bigger.