Cardano NFT: Book Token – The Cryptonomist
This week’s guest on Cardano NFT column is a project that is building the book ecosystem of the future: Book Token.
Last week’s guest was one multiplayer PvP and PvE isometric battle arena game based on the Cardano blockchain.
This initiative is a reference point for NFTs on Cardano and every week or so we will invite someone to answer some questions and give us an update directly from the Cardano community.
Considering that many of our readers are new to the crypto space, we want one mix of simple and technical questions.
Cardano NFT Project: Book Token
Hi, thanks for your time. Introduce your team, where are you from, what is your background?
We are one small team based in the Dallas, TX area. Our core team consists of:
Josh Stone – CEO
Ben Illian – CGO
RJ Regenold – CTO
Bob Wright – CLO
In addition, we employ a number of law firms, a bookkeeping firm, an accounting firm and some various contractors.
What is Book Token? What problems are you trying to solve and how are you using NFT technology?
Book Token builds the book ecosystem of the future. Before we launched, people didn’t own their digital books. The centralized model only allows you to license themwhich means you can’t resell them.
The Cardano blockchain has created an opportunity for us to finally own our digital goods. We deliver books such as DEA, Decentralized encrypted assetsso instead of everything being publicly visible on the blockchain, only the owner of the NFT book can view and consume its contents. This also opens up the possibility of authors and publishers to receive royalties in perpetuity on second-hand sales, opens new communication channels for NFT holders, and will – in the near future – make room for Mint & Print, where NFT holders have the opportunity to print their books.
Why have you chosen the Cardano blockchain for your project? What advantages does it offer compared to other blockchains out there?
For us, there was really no other option. First I think our principles are aligned with Cardano – we are here to build something sustainable and world-changing.
But when you get to unit economy, security, decentralization and scalabilityit was an easy choice for us. 1.1 billion people will read digitally in 2023. We needed a chain that would scale with us as we begin heavily marketing to people outside of the crypto world. And the community is amazing. We move fast because we collaborate with other teams and projects, and our readers give us immediate feedback when we launch new features.
What is your vision for the future? Where do you see BOOK Token in 1, 5, 10 years respectively?
This first year will be a huge growth year for us. We have meetings with publishers almost every day, and as we continue to launch more and more books, we see significant adoption. In the next year we will launching reading apps, bringing huge collections from publishers, establishing our marketplace and finally launching our Read-to-Earn systemso that we can stimulate knowledge.
In 5 years, we imagine that almost everyone will demand to own their digital goodsand Book Token will lead innovation in the publishing world to ensure we build an ecosystem that benefits hundreds of millions of readers, authors and publishers. We want to connect them all in new ways to improve the reading experience.
In 10 years, well… I think that’s something your readers can marinate on. But the future of knowledge sharing, publishing and education, from our perspective, is moving towards a golden era.
Raw! Any final thoughts? Where can people keep in touch?
Just one more thank you Cardano Community and to the people who work hard at IOG. We would not have seen the success we have had without them. While I was writing this, I stopped to thank another platform for their help with something. They replied, “Of course! We win together”. It just feels like the Cardano way, and we’re humbled to be a part of it.
You can come and check us out BookToken.ioand follow us further Twitter.
Disclaimer: The opinions and views of the people interviewed are their own and do not necessarily reflect those of the Cardano Foundation or the IOG. Also, this content is for educational purposes, it does not constitute financial advice.
