Tagged With "Reserving Niches in Chaucer"

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Re: Do I Need to Reserve Some of My Tokens?

Emily Barnett ·
I don't know of any other fees. But I am not an authority, and like you I am waiting to enter Chaucer. I have not read any thread about surprise fees either so I think that it is pretty transparent. hope that helps a little.
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Latest Intel on Niches!!

Michael Farris ·
If you were intrigued by Narrative’s niche-focused alpha scheduled for March 29th you are going to love the latest Reserving Niches in Chaucer – Narrative Ted O'Neill talks about how Niches will work. Since you can join, you want to read this one carefully. Ask your questions here. Make your suggestions. Pitch a vision for how you dream of Niches working. This is the spot where he will see what YOU have to say ...
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Re: Latest Intel on Niches!!

Ted ·
We are not planning to support the concept of a sub-niche at this time. NBA and NBA Draft could be two different niches, but of equal value/placement. Regarding providing incentives to people who suggest niches... all I can say is that the way things work in Chaucer are not the way things will work longer term. Lots of little and not so little improvements will be added and one of them is the suggestion process (and there is a kind of reward for suggesters coming in the future). Stay tuned!
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Do I Need to Reserve Some of My Tokens?

ericnovak ·
Hey guys, today I'll be bidding on and hopefully winning a niche or two. I technically have enough NRVE to grab a few Niches, but I'm wondering if I need to reserve some NRVE for anything else on the platform. For example, maybe it costs 100 NRVE to appoint a moderator or 25 NRVE to make a post, I don't know haha. Most likely, I'll just end up getting one Niche anyhow, but in the best case, what if I spend all my NRVE on a few Niches?
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Re: Do I Need to Reserve Some of My Tokens?

Gerbino ·
Yes I can’t say i’ve seen any other fees either
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Re: Do I Need to Reserve Some of My Tokens?

Revelator ·
I've wondered the same thing. I'm bidding on a couple niches and it seems like it's not a bad idea to have some reserve NRVE just in case.
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Re: Do I Need to Reserve Some of My Tokens?

JR ·
Might be handy to keep some NRVE just because as the price of NRVE goes up the cost of the minimum bids for Niches will decrease. If Neo goes back up to $150 then a minimum Bid should be no more than 100 NRVE.
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Re: Do I Need to Reserve Some of My Tokens?

ericnovak ·
Is bidding on niches something that we'll be able to do regularly? I was under the impression that it would be limited to more of an initial phase thing
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Re: Do I Need to Reserve Some of My Tokens?

JR ·
As long as you haven't purchased your 5 niche limit, you can continue to bid and the process will always be a part of the platform.
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Think through your niche strategy

Malkazoid ·
Don't Be Outbid Cat I had an interesting exchange with Brian from the Narrative dev team. It helped me adjust my understanding of how the Team views niches. Whether it was not well articulated beforehand, or whether I wasn't paying close enough attention - in the end, is moot. Others may have the same misconceptions I had - I know a few do from the types of niche ideas they have been coming up with. Read on and give this some thought because the way the Team views niches has real...
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Re: Think through your niche strategy

Bryan ·
@Malkazoid Exactly! I have been holding my Niche ideas close to my chest precisely for these reasons. Setting aside all my previous postulations on Niche ownership/management (including a post I made not 5 minutes before reading this one)... I went back to the Whitepaper to make sure I understood Niche ownership. I thought it went up for bid every year and so I had a problem with the idea of "owning" and "selling" a Niche. I was wrong. It's a one-time bid, then moves to an annual renewal.
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Re: Think through your niche strategy

mrgoodsett ·
A lot of folks are paying much attention to the Niches, however, I think the "Diamond in the Rough" will be the Personal Journals.
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Re: Think through your niche strategy

Harj ·
Mr Goodsett I agree with you 100% the ones who can get a following will do very well and thats really going to be the key! its about hardwork every day : )
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Re: Latest Intel on Niches!!

Dias Flac ·
I am really excited to reserve Niches. I have been thinking about which topics I'd like to own and I'm trying to figure out how to make threads engaging and worthwhile to the readers and content creators. I'm not sure if I have seen this topic covered already, but how many Niches can one Founder own at a time? Edit: Oh nevermind, it does states so in the article - 5 at a time.
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Re: Latest Intel on Niches!!

Bryan ·
I'm a Philosophical (as opposed to Financial or Unicorn ) Investor* . I wish I was both, but the value of my investment in NRV just doesn't get me to Founder status or beyond. However, I am here because I fully support the vision of the New Content Economy. I'm not even sure if I'll ever withdraw the $$ I've invested. And that is why the topic of Niches , Moderators , and Narrator/Content Producers is very interesting to me. Ted O'Neill says a few things that I want to highlight or clarify —...
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Re: Latest Intel on Niches!!

Hickster747 ·
If I'm reading this correctly, all ideas for a niche go though approval and then a bidding process. So once approved, you would need to win the auction to finally gain your own niche idea?
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Re: Latest Intel on Niches!!

Dias Flac ·
Yes, that's what it looks like. It's a much more refined process than I thought. The only thing that I don't like is the bidding process. I get that the presenter of the idea still gets a benefit somehow (from the looks of it, more "points" or something of that nature) but it just won't feel right because if I propose a super awesome niche or something that I'm really passionate about, it can easily just go to the highest bidder. So in the end, Founder status gives you an advantage but at...
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Re: Latest Intel on Niches!!

Hickster747 ·
I had the same feeling. Thinking about it again, I suppose it might stop people blocking niches or claiming the obviously popular ones in a fastest finger first competition..But it's annoying if you had a great and unique idea that can then just be bought by the richest bidder.
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Re: Latest Intel on Niches!!

Bryan ·
Re: Fear of Whales NRV aren't going to be worth much on day one... or even day one-hundred. It's value will be driven by the development of the community. As it grows, so will the value of the NRV. Growth will largely be driven by Niche owners cultivating their Niche(s)'s content. This won't stop some of the quick-flippers (flippers! is there room for a dolphin metaphor in here somewhere?) but it will discourage squatters. If someone buys the Niche "Elastic Socks" and then recruits really...
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Re: Latest Intel on Niches!!

Ryan ·
I think if your heart is in it and you truly are passionate about your niche, you will be rewarded with a great community and quality content creators. My wife has a reasonably popular instagram for vegan recipes and I am speaking with her about using her connections in that community to start a niche of our own that we could 'manage'. I have a passion for basketball, gardening and nutrition and a good friend of mine is very knowledgeable in the automotive industry. I'm really excited by...
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Re: Latest Intel on Niches!!

Rosemary ·
I'm so happy to see the enthusiasm, and all of these details will continue coming into focus as we get closer to launch...great conversations... RE: incentive for original idea, Ted's blog post said this: And right now we're thinking that NBA is a different niche from NBA Draft from NBA Sneakers from High School Basketball... Personally, I'm coveting the Vintage Handbags niche
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Re: Latest Intel on Niches!!

Bryan ·
Hey @Rosemary - how will localization factor in to Niche ownership and/or differentiation? In other words, if I own the Niche "sock puppet"... is that an English-Niche or is it universal? I'm assuming that for each language, there will be a "duplicate" or "localized" owner...?
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Re: Latest Intel on Niches!!

Rosemary ·
Yes, we're envisioning that the first platform will be English-only, and then we'll spin out language-specific versions over time, which will have their own Niches and Niche owners, etc.
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Re: Latest Intel on Niches!!

Bryan ·
I would think that as new languages are rolled out, there might also be opportunity for those platforms to have their own "Founders" as well? It would be cool, if I was Thai, to see the platform come to my language... and have an opportunity to become a Founder of the Thai Narrative community... maybe a Locals Only open-enrollment period for the week leading up to the launch of that version?... Update: There are clearly people currently investing that are not going to be, primarily, English...
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Re: Latest Intel on Niches!!

mrgoodsett ·
Two weeks for founders to bid/buy niches? Seems like the little guy gets cutout again. What happend to 48hrs?
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Re: Latest Intel on Niches!!

Dias Flac ·
Speaking of niches, do you already have a pool of mods that niche owners can pick from? How exactly does one become a moderator? Can I be a niche owner AND a moderator (not for the same niche but for 2 different niches)?
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Re: Latest Intel on Niches!!

Ted ·
Narrative will support a Moderator Pool where owners can find people who want to be moderators (or already are moderators on other niches). You become a moderator by being nominated by a niche owner and then being elected by the community. If you are a niche owner, you cannot moderator your own niche, but you can certainly moderate someone else's.
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Re: Latest Intel on Niches!!

Ted ·
There's a limit on the number of niches any one person can own or bid on, so there should be plenty of niche opportunities for everyone.
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Re: Latest Intel on Niches!!

Ted ·
Yes, it's TBD about how/whether we would support some kind of Founder status for new languages that roll out. That said, our goal is to offer even more opportunities and rewards for all of our Founders in the future. I can say pretty confidently that the list of benefits of being a Founder will only grow over time. We want to really recognize those of you that took the plunge early with Narrative.
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Re: Latest Intel on Niches!!

Dias Flac ·
I know we're limited to 5 as founders. But is that limit just for the initial roll out or is 5 the hard limit? Asked another way, after year one, if a niche owner wants to sell his/her niche, can a founder with 5 niches potentially scoop it up?
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Re: Latest Intel on Niches!!

Harj ·
Great posts would be great to hear a few founders post too and love to know how many founders there are ?? Could anyone have a guess at how much the average niche will sell for (I know its a wild guess) but if its goes above my investment when live that then im stuck. : (
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Re: Latest Intel on Niches!!

Malkazoid ·
Hey Harj, It says 84 founders have joined the community, but there may be other founders who have not yet joined...
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Re: Latest Intel on Niches!!

Malkazoid ·
So overall, kudos for devising a system that addresses this vast undertaking of creating niches. Lots of considerations, and probably impossible to make the process completely fair. However I am hoping there is a way to do more for those who propose niches but do not have the funds to compete with big NRVE holders when it comes to bidding for the niches they proposed. If we don't, we'll have failed to address a blatantly unfair situation. To ignore this flaw, is to start the New Content...
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Re: Latest Intel on Niches!!

Dias Flac ·
I was hoping for something along these lines as well. I actually wouldn't even be opposed to changing the "Buy-It-Now" price of my suggested Niche (that no one else suggested) to $100-$150). So it's a similar auction-type idea like what eBay has where if there's demand, we start the bidding process at $75 and if you're the sole person to suggest a niche, you get to "Buy-It Now" at a slight premium.
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Re: Latest Intel on Niches!!

Harj ·
Hi guys I dont think firstly there is never a perfect system but I think Ted has found an approach which is fair for all and puts incentives in the right place, im not a founder and I think there will be plenty of opportunity for us. Im not saying its going to be plain sailing!. but we all want the best for Narrative and for its community. And when we look back over this year we will have many stories to tell!! : ) Harj x
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Re: Latest Intel on Niches!!

cicbar ·
First bidding for Niche will be just guessing and I am sure that there will be some over payed Niches. After one year of using Narrative, next year bidding will be better in my opinion. I will bid for NBA, Cryptocurrency, Bitcoin at start and we will see if I'm going to win some Niche...
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Re: Latest Intel on Niches!!

Malkazoid ·
I expect you’re right Cicbar - after a year, there will be some sort of rhythm already, and the niche values will be manifest. That’s part of our usefulness as early adopters - to weather and assist the tougher stages, until some of the kinks are worked out!
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Re: Latest Intel on Niches!!

Dias Flac ·
Dang were gunning for the same ones. RIP my wallet
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Re: Latest Intel on Niches!!

cicbar ·
There can be only one 😁😁😁
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Re: Latest Intel on Niches!!

Malkazoid ·
I can reassure you guys I won’t be bidding on any of those!
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Re: Latest Intel on Niches!!

ChuckT ·
Good points and well stated Bryan - as a community we need to develop/implement a clear engagement toolkit based on the core principles of the Narrative vision. We at "TeamEFFORT" will be working on a set of "moderation" activities - will share a WBS "List of tasks" later in the month or in April when we meet to address, our first task is Niche related activities (Identify - Niche functions - operational management, etc..) but the Comms strategy and ultimately the moderation functions will...
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