PROOF OF OWNERSHIP
NON FUNGIBLE TOKEN specifically addresses the issues of Proof of Ownership through itβs unique smart contract deployed at the time of launch of a product. NFTBOOKS can precisely use the NFT features to address the Authors' most underlined issue of duplication & ownership being compromised. In NFTBOOKS, the ownership of a book is in the form of an NFT & is recorded on the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded. Each NFT has a unique smart contract and hence proponents of NFTs can claim a public certificate of authenticity or proof of ownership.
CHEAP BOOKS FOR READERS FROM LENDERS
Whoever owns a book or multiple books can create a personal library with NFTBOOKS and can lend them to readers for rent. The availability of many such personally owned libraries with NFTBOOKS can create competition among lenders to lend books at the cheapest cost and hence, readers can go to the cheapest available book on the NFT marketplace of NFTBOOKS and on every resale or borrowing Royalty Income could be generated for original creator.
NO MIDDLEMAN
Unlike existing online self publishing platforms (for example Amazon) where huge royalty income goes to the platform, with NFTBOOKS, authors can receive up to 99% the price of their books.
ROYALTY (PERPETUAL) Earnings FOR AUTHORS
An NFT can give the Royalty Earnings to the ORIGINAL CREATOR every time it gets transferred to a new buyer. How?
Each NFT can be registered with its own percentage of Royalty Earnings when the smart contract is deployed. And hence, every time a book is resold from one person to another, a certain percentage of Royalty Earnings (decided before the book is published) go to the Original Creator of that NFT (BOOK). Which will result in maximizing the authors' income.
Really excited to share, One such Project is already there on Polygon Network and listed on CoinMarketCap named as NFTBOOKS.
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