NFT
This week’s visitor on the Cardano NFT Column is a challenge that’s constructing the ebook ecosystem of the longer term: Guide Token.
Final week’s visitor was a multiplayer PvP and PvE isometric battle area sport primarily based on the Cardano blockchain.
This initiative is some extent of reference for NFTs on Cardano and each week or two we’ll invite somebody to reply some questions and provides us an replace straight from throughout the Cardano neighborhood.
Contemplating that a lot of our readers are new to the crypto house, we could have a combine of easy and technical questions.
Cardano NFT challenge: Guide Token
Cardano NFT challenge Guide Token is constructing the ebook ecosystem of the longer term
Hello, thanks in your time. Please introduce your crew, the place are you from, what are your backgrounds?
We’re a small crew primarily based within the Dallas, TX space. Our core crew consists of:
Josh Stone – CEO
Ben Illian – CGO
RJ Regenold – CTO
Bob Wright – CLO
On high of that, we make use of a variety of authorized corporations, a bookkeeping agency, an accounting agency, and a few varied contractors.
What’s Guide Token? What issues are you attempting to resolve and the way are you using NFT know-how?
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 chance 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 flexibility 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 in your challenge? What benefits does it supply in comparison with different blockchains on the market?
To us, there actually wasn’t one other various. First, I believe our rules are aligned with Cardano – we’re right here to construct one thing sustainable and world-changing.
However whenever 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 yr 2023. We would have liked a sequence that will scale with us once 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 tasks, and our readers are giving us rapid 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 will likely be an enormous development yr for us. We’ve 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 yr, we’ll launch studying apps, deliver on large 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 Guide Token will likely be main innovation within the publishing world to make sure that we’re constructing an ecosystem that advantages tons of of hundreds of thousands of readers, authors & publishers. We need to join all of them in new methods to boost the studying expertise.
In 10 years, effectively… 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 last ideas? The place can folks keep in contact?
Only a because of the Cardano Group and to the folks working exhausting 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 may come examine 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.