Token Gated Audio
The future of audiobook distribution
Full access to Book Club Audio
1/500 collectible access cards
Built on the block chain
Re-sell your library card
50% of re-sale goes to creatives
What is an NFT?
An NFT, or Non-Fungible Token, is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and cannot be exchanged on a like-for-like basis. This provides lock tight security for authors and immediate royalty distribution at the point of sale.
NFT Book Covers Own a piece of history 1/100
NFTs are typically used to tokenize digital art, music, videos, virtual real estate, and other forms of digital content. Each NFT contains metadata that provides information about the digital asset it represents, and this information is stored on a blockchain, which is a decentralized and tamper-resistant digital ledger.
Original art worksCollectible unique art works 1/1
The ownership and transaction history of NFTs are recorded on the blockchain, ensuring transparency and proving the authenticity and scarcity of the digital asset. NFTs have gained significant popularity in the art and entertainment industries as a way for creators to monetize their digital work and for collectors to own unique and verifiable digital assets.
The Technical Stuff
Book Club Audio is collaborating with blockchain developers to create unique NFTs that represent ownership or access rights to specific audiobooks. Each audiobook is associated with a distinct NFT.
Smart contracts are developed to include details about the audiobook, ownership rules, and conditions for access. These smart contracts are deployed on a blockchain, such as Ethereum or Polygon. Polygon uses less energy and is sustainable and eco friendly.
Token Gating Logic:
The smart contracts will enforce token gating logic, ensuring that users need to possess the specific NFT associated with an audiobook to access it. This logic includes checks for ownership and transfer conditions.
User Wallet Integration:
Book Club Audio integrates with user-friendly digital wallets that support NFTs. Users would need to acquire the relevant NFTs through purchases, using either fiat or cryptocurrency. This allows for royalties to be distributed to authors immediately after purchase.
NFT Sales and Distribution:
Book Club Audio offers these NFTs directly on its website and through designated marketplaces. Users purchase NFTs as a way of acquiring ownership or access rights to particular audiobooks.
Users, after purchasing the NFTs, will see the associated audiobooks unlocked in their libraries. The ownership and access rights would be verified through interactions with the blockchain and the smart contracts.
Book Club Audio allows users to trade or sell their NFTs on a secondary market. This will provide a mechanism for users to exchange ownership of audiobooks.
Book Club Audio provides clear instructions to users on how the NFT token gating system works. This includes information on purchasing NFTs, accessing audiobooks, and any other relevant details.
Monitoring and Feedback:
As this technology is novel. Book Club Audio closely monitors user feedback and system performance to identify any issues or areas for improvement. Regular updates and improvements to the system might be made based on user experience.
Book Club Audio crucially considers legal implications, ensures user data security, and stays compliant with relevant regulations.
Welcome to the future of audiobook distribution.