Cardano NFT: Book Token

NFT

This week’s visitor on the Cardano NFT Column is a venture that’s constructing the ebook ecosystem of the longer term: Guide Token.

Final week’s visitor was a multiplayer PvP and PvE isometric battle enviornment 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 straight from inside the Cardano group.

Contemplating that lots of our readers are new to the crypto house, we could have a combine of straightforward and technical questions.

Cardano NFT venture: Guide Token

Cardano NFT venture Guide 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 a lot of authorized corporations, a bookkeeping agency, an accounting agency, and a few numerous contractors. 

What’s Guide Token? What issues are you making an attempt to unravel and the way are you using NFT expertise?

Guide Token is constructing the ebook ecosystem of the longer term. Till we launched, folks didn’t personal their digital books. The centralized mannequin solely permits you to license them, that means you’ll be able to’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 the whole lot being publicly viewable on the blockchain, solely the proprietor of the NFT ebook 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 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 venture? What benefits does it provide in comparison with different blockchains on the market?

To us, there actually wasn’t one other different. First, I feel our ideas 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 choose for us. 1.1 billion folks will learn digitally within the 12 months 2023. We would have liked a sequence that will scale with us after we begin closely advertising and marketing to folks exterior of the crypto world. And the group is superb. We’re transferring quick as a result of we collaborate with different groups and tasks, 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 12 months can be a large progress 12 months for us. Now we have conferences with publishers virtually on daily basis, and as we proceed to launch increasingly more books, we’re seeing vital adoption. Within the subsequent 12 months, we are going to launch studying apps, convey on big 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 nearly everybody will demand to personal their digital items, and Guide Token can 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, effectively… I feel that’s one thing your readers can marinate on. However the way forward for data sharing, publishing, and training, from our perspective, is heading towards a golden period.

Three items from the Frankenstein ebook assortment

Superior! Any ultimate ideas? The place can folks keep in contact?

Only a due to the Cardano Group and to the folks working arduous at IOG. We wouldn’t have seen the success we’ve had with out them. Whereas scripting this, I finished 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 means, and we’re humbled to be part of it. 

You may come verify 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.