We’re building a content economy, where creators, moderators, and everyone who positively influences the quality of content on the network gets rewarded. 85% of all revenue will be distributed to users. The network is governed by the users themselves; moderators and a Supreme Court-like Tribunal are elected by members. User reputation and content ratings reduce the impact of “bad eggs”. Best of all, even though cryptocurrency is utilized to represent the value instilled in the network, regular users will not be required to understand or use crypto, since payments can be made in fiat currency.
Narrative will be the word’s journal, providing a scalable, smart subject-oriented network where the middleman is removed and network members have autonomy in a transparent environment. Existing social networks subjugate their users with ambiguous content policies, providing little to no economic reward for the content they produce. Narrative flips the script by rewarding all of the users who positively contribute to the network. While Narrative utilizes blockchain technology to create a trustless environment for its transactions, it does not rely solely on blockchain for its operation. The fact is that blockchain is a poor choice for content management currently. Narrative will compete with existing social networks in terms of speed, scalability, searchability, and performance and for that reason it will utilize proven content management technologies to ensure a competitive advantage.
The team behind this project has unprecedented experience in this space. Most are from Social Strata, a leader in online community technology, with nearly two decades of experience as platform developers serving hundreds of thousands of sites. Customers on its current platform, Hoop.la, include Bose, Pepsi, Dun & Bradstreet, and Monster. To jumpstart development of Narrative, much of the technology developed for Hoop.la will be licensed, which will allow the team to roll out the network within 9 months of the end of the Token Sale.
Taking the experience to the next level compared to existing social networks, Narrative puts control into the hands of its users rewarding content creators for their efforts with tokens, creating a new type of online community.
Modern social networks employ user-generated content to make billions of dollars in revenue, while content creators have to struggle to generate a stable income. This changes with Narrative. We eliminate the middleman, making content monetization easier while giving control over the content back to the users.