THE FIRST NFT BOOK MARKETPLACE GOES LIVE
June 30, 2021
BooksGoSocial opens their NFT marketplace today with an initial drop of fourteen special edition NFT ebooks across multiple genres and from a diversity of authors around the world.
Each NFT ebook is minted as a limited edition of up to 100 at a fixed price for buyers. The marketplace provides an opportunity to buy and resell ebooks as collectibles that recognize the value of the work and provide the freedom to resell while still giving the author a continuous payback for their creation. These attributes of NFT ebooks, the right to resell and a percentage of the resell price (10%) going back to the author are what makes NFT ebooks very different to buying and selling ebooks in the usual way.
Each ebook on the marketplace is verified as containing original work, copyright of the author, and the NFT token is a receipt for ownership of one special edition. Many include extra files as bonus items to be owned by the collector.
Each ebook is delivered in a secure way and is available to be consumed via an Internet cloud reader or through an easily downloadable app that opens an ebook and/or audiobook on all devices from desktops to laptops, tablets, and phones.
Some of the NFTs include more than one ebook. A few also include an accompanying audiobook, video trailer, author interview, special artwork relating to the book, and much more. The variety of books range from nonfiction to fiction in many genres. Audiences include both adults and children, and one is Lit/RPG for gamers.
The BooksGoSocial marketplace is unique in that they have created a platform that alleviates the three most difficult problems for NFT books to be widely available and accessible to the average book reader.
First, they’ve removed the requirement to deal with cryptocurrency to purchase an NFT by allowing consumers to use PayPal or Stripe, both well-known and trusted entities to pay for the NFT in the currency of their choice.
Second, they have established a seven-day refund policy to mitigate reader hesitancy for trying a new way of purchasing ebooks or for trying an author unknown to them. If the purchaser finds the ability to download and unzip the files is too difficult or decides the NFT is not to their liking, they can request a refund and gift the NFT back to the BGS marketplace for resell. By allowing PayPal payments this refund policy is guaranteed to work.
Finally, BooksGoSocial provides a book marketplace website that allows consumers to easily navigate to multiple NFT books, learn about each story and what is included in the NFT. In addition, BGS also offers free site membership after a single NFT purchase. Benefits include easily viewing and managing the purchased collectibles, earning collector points for future purchases, ongoing technical support if needed, being informed of new book drops, and the ability to interact and learn more about the authors and other related creators.
On the backend, they have partnered with the WAX (Worldwide Asset eXchange) blockchain for minting super low energy consumption NFTs.
They chose WAX for three reasons: 1) Purchasers can create a wallet without having to buy WAX crypto; 2) There is no “gas” charge to purchasers or sellers allowing low cost accessible NFTs to be created; and 3) WAX continuously strives to be a green blockchain. “According to ClimateCare.org, WAX has already offset 211 tonnes of CO2 (and counting) as of May 21, and energy consumption on the blockchain remains extraordinarily low at 0.000223 terawatts per year — officially making it the only carbon neutral NFT blockchain on the market.” June 8, 2021 WAX press release. This addresses the most common criticism of anything blockchain related.
This first drop of fourteen books will allow readers to consume and own the first special edition BooksGoSocial NFTs. Future NFT ebook drops are planned for 2021.
As BGS owner, Laurence O’Bryan, says:
“We have invested in this blockchain technology to meet the needs of book consumers and authors. Digital books have already proven their staying power over more than a decade. We now want to provide true digital ownership for consumers to acquire unique content and collectible limited editions with the freedom to resell what they own. This unique benefit to readers is enabled by blockchain technology with our risk free environment.
At the same time we are ensuring that authors continue to get paid for their work with each resell, that they have the freedom to set their own ebook prices and to bundle extra digital files to deliver real value to consumers and have a better chance to make a living as an author.”
To learn more about BooksGoSocial and the NFT ebooks in this first unique drop go to: https://booksgosocial.com/nfts/
Author country locations: United States, England, Ireland, Scotland, Australia.
Contact: Laurence O’Bryan firstname.lastname@example.org