NFT
This week’s visitor on the Cardano NFT Column is a mission that’s constructing the e-book ecosystem of the long run: E-book Token.
Final week’s visitor was a multiplayer PvP and PvE isometric battle area recreation based mostly on the Cardano blockchain.
This initiative is some extent of reference for NFTs on Cardano and each week or two we are going to invite somebody to reply some questions and provides us an replace instantly from inside the Cardano neighborhood.
Contemplating that a lot of our readers are new to the crypto area, we can have a combine of easy and technical questions.
Cardano NFT mission: E-book Token
Cardano NFT mission E-book Token is constructing the e-book ecosystem of the long run
Hello, thanks in your time. Please introduce your staff, the place are you from, what are your backgrounds?
We’re a small staff based mostly within the Dallas, TX space. Our core staff consists of:
Josh Stone – CEO
Ben Illian – CGO
RJ Regenold – CTO
Bob Wright – CLO
On prime of that, we make use of a variety of authorized corporations, a bookkeeping agency, an accounting agency, and a few varied contractors.
What’s E-book Token? What issues are you making an attempt to unravel and the way are you using NFT expertise?
E-book Token is constructing the e-book ecosystem of the long run. Till we launched, folks didn’t personal their digital books. The centralized mannequin solely means that you can license them, that means you may’t resell them.
The Cardano blockchain has created a possibility for us to lastly personal our digital items. We ship books as DEAs, Decentralized Encrypted Belongings, so as a substitute of every thing being publicly viewable on the blockchain, solely the proprietor of the NFT e-book can see and devour its contents. This additionally opens up the power for authors & publishers to obtain royalties in perpetuity on secondhand gross sales, opens up new communication channels for NFT holders, and – within the close to future – will permit for Mint & Print, the place NFT holders have the chance to print their books.
Three items from the Dracula e-book assortment
Why have you ever chosen the Cardano blockchain in your mission? What benefits does it supply in comparison with different blockchains on the market?
To us, there actually wasn’t one other different. First, I believe our rules are aligned with Cardano – we’re right here to construct one thing sustainable and world-changing.
However once you get to the unit economics, the safety, the decentralization, and the scalability, it was a simple decide for us. 1.1 billion folks will learn digitally within the 12 months 2023. We wanted a sequence that may scale with us after we begin closely advertising to folks outdoors of the crypto world. And the neighborhood is superb. We’re transferring quick as a result of we collaborate with different groups and initiatives, and our readers are giving us fast suggestions as we roll out new options.
What’s your imaginative and prescient for the long run? The place do you see BOOK Token in 1, 5, 10 years respectively?
This primary 12 months shall be a large progress 12 months for us. We have now conferences with publishers nearly each day, and as we proceed to launch an increasing number of books, we’re seeing vital adoption. Within the subsequent 12 months, we are going to launch studying apps, carry on big collections from publishers, set up our market, and at last launch our Learn-to-Earn system, so we will incentivize data.
In 5 years, we think about that nearly everybody will demand to personal their digital items, and E-book Token shall be main innovation within the publishing world to make sure that we’re constructing an ecosystem that advantages lots of of tens of millions of readers, authors & publishers. We need to join all of them in new methods to reinforce the studying expertise.
In 10 years, properly… I believe that’s one thing your readers can marinate on. However the way forward for data sharing, publishing, and schooling, from our perspective, is heading towards a golden period.
Three items from the Frankenstein e-book assortment
Superior! Any closing ideas? The place can folks keep in contact?
Only a because of the Cardano Neighborhood and to the folks working arduous at IOG. We wouldn’t have seen the success we’ve had with out them. Whereas penning this, I ended to thank one other platform for his or her assistance on one thing. They replied, “After all! We win collectively”. That simply feels just like the Cardano approach, and we’re humbled to be part of it.
You possibly can come test us out at BookToken.io, and sustain with us on Twitter.
Disclaimer: The opinions and views of the folks interviewed are their very own and don’t essentially replicate these of the Cardano Basis or IOG. Furthermore, this content material is for academic functions, it doesn’t represent monetary recommendation.