Open Sourcing Narrative

Product: Narrative
After having conversations with various parties interested in purchasing Narrative, we want to make a decision that is best for the platform and Narrators, which is why we've decided to open source the Narrative code base using the GPL v3.0 license

It will take a little bit of work to prepare the code base for open sourcing, so we expect the actual process to take a couple of days. We'll make a followup announcement here once the code is publicly available.
We sincerely hope that someone assumes the mission of Narrative, so we want to make clear that we will consider the sale of Narrative to a legal entity for a very nominal fee.  We are not concerned with the price, but want to make sure that the acquiring entity can fully assume all activities associated with the business.

The sale would include access to the Narrative.org domain name, custody of the NRVE smart contract and token keys, Narrative content and comments, and member data so that the site could be continued and developed going forward.

Narrative Company will not have an active or custodial role following the sale; however, we can provide ad hoc consulting for an agreed-upon hourly rate and we would assist with the actual handover of the assets.

Any legal entity that wishes to purchase the assets will require the following in order to maintain Narrative going forward:

  • Ownership of the cloud hosting infrastructure required to run the Narrative platform, including:
    • API servers 
    • Reputation engine server 
    • Web front-end servers 
    • Prerendering servers (needed for SEO) 
    • SQL Database server 
    • MongoDB servers 
    • Redis server 
    • Search servers 
    • File storage 
    • neo-python node 
  • Ownership of third party accounts needed to provide the service, including: 
    • CoinMarketCap API (for NRVE pricing) 
    • Embed.ly (for embeds in posts) 
    • SendGrid (for mail delivery) 
    • PayPal (used for Niche purchases and Certification) 
    • Redisson license ($975/year) 
  • Custody and control of the NRVE smart contract (by controlling the smart contract owner’s private key) 
  • Custody and control of the Narrative rewards wallets, as listed here
  • To use Narrative Certifications, there will need to be trusted parties to review Certification submissions. 
  • Each month, a variety of NRVE transactions must be executed on the blockchain as part of processing rewards. 
  • Redemption requests must be processed (which is partially automated, but requires management). 
Narrative’s infrastructure is currently hosted on Google Cloud Platform, leveraging Google Kubernetes Engine, Google Compute Engine, Google Cloud SQL, and Google Cloud Memorystore (Redis). There are full dev, staging, and production environments for Narrative, as well as comprehensive monitoring and alerting systems in place. There is also a Jenkins server for builds and automation. All told, the infrastructure cost to run the platform in its current configuration is around $3,500/mo. This figure is subject to change based on usage, of course. Costs could be reduced by eliminating or scaling back many of the services (such as dev and staging environments, monitoring and alerting, etc.).

The monthly cost, of course, does not include human resources costs to perform the duties associated with certain tasks. To be clear, the new owner would need to set up their own accounts, including hosting services, to operate the platform. Depending on the nature of the transfer, it's possible that much of Narrative's current GCP infrastructure ownership could be transferred directly to the new owner.
Narrative Company will retain ownership and control of the narrative.org domain name for one year, after which ownership can be transferred. In the meantime, Narrative Company would simply point the DNS for [www.]narrative.org to the appropriate IP addresses, per the new owner’s requirements. Narrative Company needs to retain control of the domain name primarily for mail delivery purposes, which will wind down over the course of the coming year.

These are the basic requirements to keep Narrative running in its current form. It does not include software development, legal, financial, support, marketing, etc.


If you are a legally recognized entity and are interested in pursuing the purchase of the assets, please email us at [email protected].
Original Post

Activity Stream

That's great news!  Thank you for doing this and allowing the Narrative dream to potentially live on.  Now it's up to the community to step up!

This sounds positive. In brief, the following things should be considered:

Investors on wefunder were ready to raise about 100,000 USD.

A new company could be formed, the owners would receive equity and therefore a part of the future revenues.

The personnel costs for "pure" community management could be saved, if those tasks were performed by the high-rep users, tribunal etc.

The questions remains how sensitive tasks should be handled and how to minimize also these costs.

Additionally, users could be forced to spend a small amount of money to contribute to Narrative's survival. This money could also partly be used to buy and stake NRVE for a year or so.

 

@Rosemary - this is a profound decision, and I want you to know how deeply impressed I am with you and the Team, for making it.

I also hope that you will have plenty of opportunity in the future to be happy you decided to go down this road.  

Despite the hardships of the past year and the ill fortune of the long crypto winter, you have made the tough decisions that give Narrative a real chance to make it through to the other side.  THANK YOU!

 

@Rosemary - one question, are you still planning to delete all data on December 30th?

It would be great if you could preserve the data, even if you decide Narrative must go offline for some period while you figure out next steps with transferring the project.  I believe this would enhance the ability to find an acquirer, and will also honor the work that you and the Community put into bringing the Content Economy this far.  Despite its rough beginnings, you did achieve the accretion of a good amount of stakeholders who may return with renewed interest once the ball gets rolling again.

And for disambiguation - Community members are talking about stepping up and forming the legal entity to become the custodian of the platform: we're working on it!  It will take us a while to get organised.

Seasons greetings!

Hey Mal 

That would be a great idea but I think the unknown cost of ongoing storage is a constraint.

A real loss for every one including the Narrative team.  

Thanks, guys!

@Malkazoid we won't be deleting the data on December 30; we plan to retain the data for at least a year. Also, if we're in the midst of negotiations with a legal entity, we'll make specific arrangements with them for handover of the data.

Short answer, don't worry, it'll all be there!

Currently the discord group talks about the future design of the platform (use of NRVE, another token or fiat, decision making etc.). It would be very important for anyone interested in expressing his/her opinion to participate. One major issue is if the token should have future value or not (= become worthless).

@Heidi Hecht @Emily Barnett @Gary Trousdale 2

Here is the channel again: https://discordapp.com/channel...7/653561905327374359

Heidi Hecht posted:

@New Social Media The link is being uncooperative for me. I am unable to join the new community.

Edit: I might be able to join if somebody wants to send me an invite to the server? Sorry...I guess it's showing how little I use Discord, lol.

I'll make an invite for you... one sec

@Brian Lenz - hey, I just had an interesting call with Zach.  If you have a half hour tomorrow, or Monday, we'd like to slip in a chat with you before Christmas?

The call would cover technical implications of transferring operations from the infrastructure you have been using, to a much reduced setup suitable for the current circumstances.

All the best,

M

@Rosemary since it's likely many members haven't seen this latest change due to thinking the site is closed, it would be greatly appreciated if the team could send an update to the  entire membership with a link to this thread. TY! Have a great week-end!

Rosemary posted:

We're working on putting together some type of update for everybody...just getting some details from the community group first. Thanks @Colleen Ryer

Just finished drafting something with Zach - should be heading your way!

There might be many people interested in participating on a small scale (several 100 USD) in a new founded company and getting equity in return, but in order to do so, there must be an open offer and cost calculations, so that we know how much money is needed e.g. for the first year. Even if there is one single buyer (e.g. a already established company) he might be interested in raising additional capital.
 Please make sure that everyone willing to participate gets a way to do so.
In my opinion this important information should be included in the e-mail to all Narrators, otherwise a huge amount of funds and also dev knowledge will not be available.
New Social Media posted:
There might be many people interested in participating on a small scale (several 100 USD) in a new founded company and getting equity in return, but in order to do so, there must be an open offer and cost calculations, so that we know how much money is needed e.g. for the first year. Even if there is one single buyer (e.g. a already established company) he might be interested in raising additional capital.
 Please make sure that everyone willing to participate gets a way to do so.
In my opinion this important information should be included in the e-mail to all Narrators, otherwise a huge amount of funds and also dev knowledge will not be available.

Hey @New Social Media - I hear you.

It might be difficult for @Rosemary to communicate about this: after all, it is not the Narrative Company that is creating this new entity and offering equity in it so I would understand if she feels it is best to leave that communication up to us.

It is already great if she emails about the initiative and gives people the means to inform themselves and join the conversation, via the mailing list and Discord.  We can then present an equity offer to everyone when we are ready, but we can certainly let everyone know from the outset that this will be on offer.

@Malkazoid I agree but the company might have received several offers for the purchase of the platform. I don't know if this is still an option, however we should not exclude any possibility in advance. Those potential buyers should also get a chance to communicate with each other, combining their financial resources- if they wish to.

In my opinion modern capitalism should be based on information, not hope.

Again, it seems that we do not receive any information until there is no more chance to be involved in the process. This is very sad. I would not be surprised if in the end the team said: we are sorry, there is no buyer, you can go home now.  Again, I (and I assume several other investors and buyers) do not welcome legal action and SEC involvement unless we are left with no other option. But let's hope I am wrong and the team will present

a viable solution and/or

an investment option and

detailed information as well as a way to communicate with other investors and

to form a new entity with equity rights

for everyone wanting to participate soon.

 

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