Hacker Noon, a knowledge website, announced they will launch on a blockchain, shortly after leaving Medium for calls of centralization. The official announcement from David Smooke, CEO of Hacker Noon, the blog-style based content site, stated the annotations of users (comments and reactions) will be stored on the users extra storage space to increase efficiency and reduce storage costs.
According to David, the annotations will be powered by ERA Inc.’s GUN, a P2P network, allowing authors to select annotations to be shown on their content from themselves and others. The companies partnered with a goal to improve the overall content sharing field by reducing the cost of storage and setting the platform on a decentralized network. The official website states,
“You, the author, have the power to accept or reject these annotations — if you reject them, they go away, but if you accept them, they show up on your story as a little yellow highlight, under the selected text.”
Once the annotations have been accepted by the author, the users/readers can view and save the annotations and in-line comments on their own devices reducing the cost of storage on the Hacker Noon site. Smooke said,
“Blockchain technology can distribute the hosting cost of running a site like ours, where people spend over 25 million minutes reading each month.”
Since splitting up with Medium, in the first half of the year in 2019, the latter company has tried to buy off Hacker Noon but to no avail. In one instance in March 2019, Smooke said Medium tried to offer a “low price” to purchase the blog but the sum was lower than what Hacker Noon makes a year in sales and advertisements. In a private funding round in 2019, the blog raised over $1 million USD for development from over 1200 investors.
The website currently receives over 4 million users on the site monthly with a target of adding more in the coming years. More developments are expected after the partnership between ERA Inc.’s GUN and Hacker Noon as explained by ERA CEO, Mark Nadal.