MyWikis is described as 'A premium wiki host with top-class quality, excellent support, and VisualEditor (a WYSIWYG application), that puts an individual touch to repetitive business' and is an website in the Education & Reference category. There are more than 25 alternatives to MyWikis, not only websites but also apps for a variety of platforms, including Self-Hosted solutions, Android Tablet, Android and Mac. The best alternative is Wikipedia, which is both free and Open Source. Other great sites and apps similar to MyWikis are FANDOM (Free), Miraheze (Free, Open Source), WikiSpooks.com (Free, Open Source) and Oppia (Free, Open Source).
The underlying idea is organizing millions of contributors to collect and organize all of human knowledge into a vast library and at the same time paying the contributors an increasing share of the revenues earned through advertising