Book.io Launches “Brave New World” as NFT eBook on Algorand Blockchain

The leading marketplace for NFT e-books will distribute 10,000 of Aldous Huxley’s 1932 Classic to Participants in Consensus 2023

AUSTIN, Texas, 25 April 2023 /PRNewswire/ — Book.io and Algorand Foundationthe organization focused on expanding the ecosystem of the world’s most advanced layer-1 blockchain is teaming up to bring 10,000 e-books with Aldous Huxley’s The “Brave New World” of the Algorand blockchain, marking the first time a reader can truly own a digital copy of the 1932 classic.

A limited supply of 10,000 e-books will be distributed via coupons with free redemption codes to participants at Consensus 2023 on April 26-28 in Austin, Texas. Each eBook NFT will feature one of 500 covers designed by AI artists, each of varying rarity. Holders will be able to read the book in the Book.io browser or mobile apps, as well as give, sell and trade these decentralized books.

“Algorand is a partner who shares our ethos. At Book.io, we believe that books should be immutable, immutable and live forever across borders,” said the Book.io co-founder Ben Illian. “We chose Algorand because of its scalability, minimal transaction fees and almost zero carbon footprint. We want the whole world to be able to own their digital assets and digital books, making it impossible for central governments to ban or censor books at their discretion.”

Unlike traditional eBook retailers, which only offer users the ability to purchase licenses to view books, Book.io allows readers to truly own the digital books they purchase. In addition, creators can have greater control over the distribution of their work, as well as direct access to their fan base of readers. Book.io uses a proprietary technology called Decentralized Encrypted Assets (DEA), which means that the digital asset lives entirely on the blockchain, free of centralized server, and allows only the owner of the asset to see the encrypted media.

“One of the best things about Web3 is that it enables knowledge to come from anywhere and be accessible to everyone,” said Staci Warden, CEO of the Algorand Foundation. “So, it’s only fitting that we support the release of one of the most banned books of all time. We’re excited to partner with Book.io to bring a new generation of knowledge-hungry readers into the Web3, using Algorand’s secure, decentralized Network.”

Early investors in Book.io include venture capital firm BDMI, the wholly-owned subsidiary of media, services and education company Bertelsmann, Ingram Content Group, the world’s largest book distributor, and Radical Investments LP, a Mark Cuban Company.

Future books on Algorand will be announced soon.

About the Algorand Foundation

The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain, its decentralized governance, and healthy and prosperous open source ecosystem. Designed by MIT professor and Turing Award-winning cryptographer Silvio Micali, Algorand is uniquely able to deliver on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with instant finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019. For more information, visit happily https://algorand.foundation

About Book.io
Book.io is the leading platform for e-books and digital media in the Web3 era. Their proprietary technology, Decentralized Encrypted Assets (DEA), allows all types of media to live forever, protected on the blockchain – a seismic shift for blockchain tools. Book.io is hard at work building an e-book and audiobook marketplace, a publishing portal for independent authors and onboard the world’s best publishers.

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SOURCE Algorand Foundation