To incentivise users to submit good content, Newvine lets you keep the earnings you make from the ads displayed on your story. I’m already seeing some very well written pieces. It will be interesting to see independent bloggers who want to make their presence felt (political bloggers, economic analysts, movie/music critics) shift to Newsvine from their own little blogs.

Being a true Web2.0 service, Newvine has all the expected goodies. AJAX where it makes sense, catchy fonts and the green color, tags galore. What is missing currently is clustering of stories (ala Google News), which might be helpful since there are just SO many sources covering the same story these days.

Newsvine is still in private beta. If you need an invitation, leave a comment below. It looks very promising and if it builds up a good community around it, it has the potential to be the next big thing in collaborative information dissemination. I like to think of it as Google New, but with humans doing the work instead of an algorithm.