Web3 Publishing
When you purchase an eBook or Audiobook online, you don’t own or have any control over that asset. You’re buying a license that grants you access to the content residing on the retailer’s platform. Ongoing access is then reliant on the retailer’s platform being available - freely or via a subscription. Similarly, authors do not have control of their physical books or eBooks in the marketplace, and are increasingly subject to losses in royalty payments due to pirating.
However, the Digital Rights Management (DRM) technology reinvented by book.io is currently changing content licensing terms and infrastructure to enable genuine digital book ownership for both consumers and creators.
Book.io work directly with major publishing houses and independent authors to help them create a new type of digital book called a Decentralised Encrypted Asset (DEA). Each digital book is a unique asset, ‘minted’ at the point of purchase. These DEA’s can contain bonus content such as audio, video, images, art or special messages, creating a new experience for readers. The DRM schema and encryption also protects the intellectual property of authors and publishers - and creates value for the consumer when purchasing a digital book.
From the point of purchase, readers truly own their eBooks and Audiobooks and can sell or lend them out on secondary marketplaces, earning them and the content creator an automatic royalty split. These royalties occur at the moment of the sale. Authors are subsequently able to track sales records online and earn royalties on the secondary sales of their books in perpetuity, rewarding them for their work and protecting their content from piracy.
To find out more, read the white paper here https://book.io/wp-content/uploads/2023/06/Book.io-Whitepaper-2.0.pdf or visit the book.io website.