June 24, 2021
THE FIRST NFT BOOK MARKETPLACE GOES LIVE
BooksGoSocial opens their NFT marketplace today with an initial drop of
fourteen special edition NFT ebooks across multiple genres and from a diversity
of authors around the world.
Each NFT ebook is minted as a limited
edition of up to 100 at a fixed price for buyers. The marketplace provides an
opportunity to buy and resell ebooks as
collectibles that recognize the value of the work and provide the freedom to
resell while still giving the author a continuous payback for their creation.
These attributes of NFT ebooks, the
right to resell and a percentage of the resell price (10%) going back to the
author are what makes NFT ebooks very different to buying and selling ebooks in
the usual way.
Each ebook on the marketplace is verified
as containing original work, copyright of the author, and the NFT token is a receipt for ownership of one special edition. Many
include extra files as bonus items to be owned by the
collector.
Each ebook is delivered in a secure way and is
available to be consumed via an Internet cloud reader or through an easily
downloadable app that opens an ebook and/or audiobook on all devices from
desktops to laptops, tablets, and phones.
Some of the NFTs include more than one
ebook. A few also include an accompanying audiobook, video trailer, author
interview, special artwork relating to the book, and much more. The variety of
books range from nonfiction to fiction in many genres. Audiences include both
adults and children, and one is Lit/RPG for gamers.
The BooksGoSocial marketplace is unique in that they have created a platform
that alleviates the three most difficult problems for NFT books to be widely
available and accessible to the average book reader.
First, they’ve removed the requirement to
deal with cryptocurrency to purchase an NFT by allowing consumers to use PayPal
or Stripe, both well-known and trusted entities to pay for the NFT in the
currency of their choice.
Second, they have established a seven-day
refund policy to mitigate reader hesitancy for trying a new way of purchasing ebooks
or for trying an author unknown to them. If the purchaser finds the ability to
download and unzip the files is too difficult or decides the NFT is not to
their liking, they can request a refund and gift the NFT back to the BGS
marketplace for resell. By allowing PayPal payments this refund
policy is guaranteed to work.
Finally, BooksGoSocial provides a book marketplace website that allows consumers
to easily navigate to multiple NFT books, learn about each story and what is
included in the NFT. In addition, BGS also offers free site membership after a
single NFT purchase. Benefits include easily viewing and managing the purchased
collectibles, earning collector points for future purchases, ongoing technical
support if needed, being informed of new book drops, and the ability to
interact and learn more about the authors and other related creators.
On the backend, they have partnered with the WAX (Worldwide Asset eXchange) blockchain
for minting super low energy consumption NFTs.
They chose WAX for three reasons: 1) Purchasers can create a wallet
without having to buy WAX crypto; 2) There is no “gas” charge to purchasers or
sellers allowing low cost accessible NFTs to be created; and 3) WAX continuously
strives to be a green blockchain. “According to ClimateCare.org, WAX has already offset 211 tonnes of CO2 (and counting) as of
May 21, and energy consumption on the blockchain remains extraordinarily low at
0.000223 terawatts per year — officially making it the only carbon neutral NFT
blockchain on the market.” June
8, 2021 WAX press release. This
addresses the most common criticism of anything blockchain related.
This first drop of fourteen books will allow
readers to consume and own the first special edition BooksGoSocial NFTs. Future NFT ebook drops are planned for 2021.
As BGS owner, Laurence O’Bryan,
says:
“We have invested in this
blockchain technology to meet the needs of book consumers and authors. Digital
books have already proven their staying power over more than a decade. We now
want to provide true digital ownership for consumers to acquire unique content
and collectible limited editions with the freedom to resell what they own. This
unique benefit to readers is enabled by blockchain technology with our risk
free environment.
At the same time we are
ensuring that authors continue to get paid for their work with each resell,
that they have the freedom to set their own ebook prices and to bundle extra
digital files to deliver real value to consumers and have a better chance to
make a living as an author.”
To learn more about BooksGoSocial
and the NFT ebooks in this first unique drop go to: https://booksgosocial.com/nfts/
Keywords: NFT Books,
Non-fungible token books Author country locations: United States, England, Ireland, Scotland, Australia. Contact: Laurence O’Bryan laurence@bgsadmin.com