“Storytelling is a medium that is starting to evolve.”
James Faktor, Co-founder of BookVolts
Nothing better describes the current publishing market. With the emergence of Non-Fungible Tokens (NFTs), publishing opportunities have expanded into digital spaces like never before.
With this new technology comes a range of advantages that can benefit both authors and publishers alike – from giving readers true ownership over their products to providing access to unique content for those willing to pay for it!
NFTs have plenty of exciting applications when it comes to changing how people interact with literature. Let’s dive in and discover how taking advantage of NFTs could take your book or publication further than ever imagined.
Why An NFT
Individual Ownership – With every purchase of an NFT or special package, both authors and readers benefit through ownership over a unique piece of content that can’t be replicated—all while gaining access to exclusive offers.
Reselling – Readers who purchase NFTs have the option of reselling their purchases down the line. The best part is authors will also gain royalties from these resells!
New Technology – This is a new industry. Buying and selling NFTs establishes your name in a growing digital market!
At Elite Online Publishing we believe that everyone should benefit from purchasing our unique publications; which is why we also offer special courses alongside each sale – giving both authors and readers something extra.
Traditional VS NFT
Aspiring authors looking to break into the publishing industry face many challenges, particularly in traditional formats. Self-publishing is much more accessible but often lacks a wide audience or durability of content. Fortunately NFTs offer an incredibly simple and efficient way for creators to get their work out there with extended reach and permanence!
Benefits to Authors
NFT technology is revolutionizing the publishing industry, offering authors unprecedented access to their work’s value. Self-published writers stand to benefit most from new payment structures available with NFTs; reselling books can add significantly more potential profits compared to traditional or e-book marketplaces. Integrations like split royalties exist to make it easier to collaborate and provide unique content. This innovative system ensures that everyone involved has a fair share of the rewards for creating beautiful works!
By now, you should understand what an NFT is and some of the key benefits that make them so attractive, especially for authors. They offer a number of advantages that traditional publishing just can’t provide. If you’re ready to publish your book as an NFT, we can help. At Elite Online Publishing, we have a team of experts who will guide you through the process and answer any questions you may have along the way. Ready to get started? Contact us today!
To learn more about this incredible new technology check out our interview with James Faktor, Co-Founder of BookVolts