11/21/2023 0 Comments Kindle ebooks make money![]() In order for NFT ebooks to gain traction, it will likely be spearheaded by independent or hybrid-authors. ![]() Some publishers already do this, but they normally have Digital Rights Management, so most people just buy the ebook from Amazon. Publishers could start making serious money directly by converting their backlist and older titles to NFT and sell them to users directly. I also think that if ebooks can legitimately be resold, it would cut down on book piracy. The ebook retailer and publisher would both get a cut of the resell value, so they would make money too. If I can buy an ebook of some bestseller that I will only read once, I can sell it for whatever I want to the next person, maybe half the price. I believe ebooks as a NFT is the future of digital publishing. You might have heard about NFT images being the big thing last year, where some were selling for millions of dollars and then the market crashed. When you buy a NFT, there is a clear path of ownership in the public record. ![]() What exactly is a NFT? It stands for Non-fungible tokens, which are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. So it makes sense for not only Pearson, but other companies to convert ebooks to make money on the secondary market, maybe Amazon, B&N or Kobo? When a student buys a print textbook, and uses it for a semester and then resells it to another student, Pearson makes nothing. They are incorporating NFTS into ebooks, so they can be resold and Pearson can take a small cut out of each transaction. Pearson is the largest educational publisher in the world and they are experimenting with blockchain technology, which is the underlaying system that cryptocurrency is based on. ![]() What if you can resell a Kindle book on a 3rd party marketplace or easily loan it out to a friend? There is new technology that might make this possible. You can’t resell the book when you are done with it, instead it sits in perpetuity in the cloud. When you buy a book you can’t easily loan it out to friends, unless the publisher makes it lending enabled, which most don’t. If there is a publisher dispute or if Amazon loses the right to sell the book, they can remove it from your library. When you buy an ebook you actually don’t own it, instead you are merely licensing it from Amazon. The Amazon Kindle is the most popular e-reader brand in the world and they also sell the most ebooks. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |