BDMI Invests In Book.io, The First Ever NFT Ebook Platform – MarTech Series
Venture funding company BDMI, the entirely had subsidiary of the media, solutions as well as education and learning firm Bertelsmann, has actually shut a financial investment in Book.io, the leader in NFT e-books.
Book.io is producing the brand-new system for electronic possession in publication posting by placing e-books and also audiobooks on the blockchain via their exclusive innovation, Decentralized Encrypted Assets (DEAs). Rather than the present licensing version in electronic posting, visitors can possess their electronic publications as well as offer them if they select to do so, developing a second market where authors as well as writers make nobilities on every resale. For the very first time, authors and also writers will certainly have the ability to create revenue from electronic “utilized publication” sales. Introducing its very first publication sale on July 20 th, 2022, the complete quantity of additional market sales has actually currently exceeded over half a million bucks, consisting of the sale of a solitary collectible e-book at over $4,000
” This financial investment is greater than simply a funding shot,” stated Joshua Stone, CEO. “It’s a collaboration with a financial backing team, BDMI, that comprehends the worth of copyright as well as has actually been purchasing media for over 15 years. We have a substantial vision for Book.io with o