Narrative is a blockchain based content platform that rewards those who create good and non-abusive content with cryptocurrency and exposure. Thus, users see more positive, accurate content, and less negative,"bad egg" content by keeping these at the bottom of the feed.
Users don’t need to know anything about cryptocurrencies to take part, and can even choose to receive rewards from their earned tokens in fiat currency such as USD, rather than on existing tokens. Users make money from any contribution to the platform: writing posts and comments, posting images and monitoring content.
NOTE: this article was written prior to our switch to NEO and thus contains references to Ethereum that no long apply.
Today, social networks are run by monolithic corporations. These companies are the ones who make the decisions about the content posted on their network, and they pocket the revenues from the network’s activity. With Narrative, users are truly in control of the communities they help create. Narrative gives its user community an unprecedented level of control...
The Narrative platform will include three channels: a Personal Journal where writers create their own content, Niches were users create content and participate in discussions separated according to topic, and Brands where organizations create discussions and where brands owners decide who can post content.
The Coin Telegraph
Other industry insiders agree. A rapid increase in price is not necessarily a sure sign of a bubble. Rather, rise price points may in fact represent adoption on a larger scale. Consider Ted O’Neill’s (Founder, Narrative Network) statement...
If we had gone with traditional VC funding, the company may have had strong capitalization, but the users would not have participated in or had the same level of impact on that value. By utilizing a Token Sale, we allow our future users to drive the value and participate in the success of the network. Since our network is all about user autonomy and rewarding active participants, a Token Sale perfectly aligns with the objectives of the project.
As the preeminent crypto brand, Bitcoin will continue to increase in value. We’ll see an increase in adoption of crypto in general, despite the churning regulatory environment. With Bitcoin futures being added to the CME, we should see more rapid adoption on the institutional side as well. Though of course there will be many ups and downs, I expect the value to double each of the next three years, and thus project a price of around $75,000 by the end of 2020. That would give Bitcoin a $1 trillion market capitalization.
Narrative, a company that wants to create a blockchain-powered content economy is about to raise funds through an Initial Coin Offering. What is interesting about is that they will be building their token on top of the NEO blockchain.
They have done this because they think that NEO, the Chinese Ethereum, would be a better long term fit for the platform. For example, there are lower transaction fees and a more flexible development environment with a quantum computing resistant protocol.