NFT
This week’s visitor on the Cardano NFT Column is a challenge that’s constructing the ebook ecosystem of the longer term: Ebook Token.
Final week’s visitor was a multiplayer PvP and PvE isometric battle enviornment recreation based mostly on the Cardano blockchain.
This initiative is a degree 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 immediately from inside the Cardano neighborhood.
Contemplating that a lot of our readers are new to the crypto area, we could have a combine of straightforward and technical questions.
Cardano NFT challenge: Ebook Token
Cardano NFT challenge Ebook Token is constructing the ebook ecosystem of the longer term
Hello, thanks on your time. Please introduce your crew, the place are you from, what are your backgrounds?
We’re a small crew based mostly within the Dallas, TX space. Our core crew consists of:
Josh Stone – CEO
Ben Illian – CGO
RJ Regenold – CTO
Bob Wright – CLO
On prime of that, we make use of various authorized companies, a bookkeeping agency, an accounting agency, and a few varied contractors.
What’s Ebook Token? What issues are you making an attempt to resolve and the way are you using NFT expertise?
Ebook Token is constructing the ebook ecosystem of the longer term. Till we launched, folks didn’t personal their digital books. The centralized mannequin solely means that you can license them, that means you possibly can’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 an alternative of the whole lot being publicly viewable on the blockchain, solely the proprietor of the NFT ebook can see and eat 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 enable for Mint & Print, the place NFT holders have the chance to print their books.
Three items from the Dracula ebook assortment
Why have you ever chosen the Cardano blockchain on your challenge? What benefits does it provide 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 if you get to the unit economics, the safety, the decentralization, and the scalability, it was a simple choose for us. 1.1 billion folks will learn digitally within the yr 2023. We wanted a series that may scale with us after we begin closely advertising and marketing to folks outdoors of the crypto world. And the neighborhood is wonderful. We’re shifting quick as a result of we collaborate with different groups and initiatives, and our readers are giving us speedy suggestions as we roll out new options.
What’s your imaginative and prescient for the longer term? The place do you see BOOK Token in 1, 5, 10 years respectively?
This primary yr shall be a large progress yr for us. We’ve conferences with publishers nearly day by day, and as we proceed to launch increasingly more books, we’re seeing important adoption. Within the subsequent yr, we are going to launch studying apps, convey on enormous collections from publishers, set up our market, and eventually launch our Learn-to-Earn system, so we will incentivize data.
In 5 years, we think about that just about everybody will demand to personal their digital items, and Ebook Token shall be main innovation within the publishing world to make sure that we’re constructing an ecosystem that advantages lots of of thousands and thousands of readers, authors & publishers. We wish to join all of them in new methods to boost the studying expertise.
In 10 years, nicely… 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 ebook assortment
Superior! Any closing ideas? The place can folks keep in contact?
Only a due to the Cardano Group and to the folks working laborious at IOG. We wouldn’t have seen the success we’ve had with out them. Whereas penning this, I finished to thank one other platform for his or her assistance on one thing. They replied, “In fact! We win collectively”. That simply feels just like the Cardano manner, and we’re humbled to be part of it.
You’ll be able to 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 mirror these of the Cardano Basis or IOG. Furthermore, this content material is for academic functions, it doesn’t represent monetary recommendation.