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The First NFT Book Marketplace Goes Live

CORVALLIS, OR, June 25, 2021 /24-7PressRelease/ — BooksGoSocial (BGS) opens the first NFT book marketplace today with an initial drop of fourteen special edition NFT ebooks across multiple genres and from a diversity of authors around the world. Authors include entrepreneurs from United States, England, Ireland, Scotland, and Australia.

Maggie Lynch, author of more than 26 books said she jumped at the chance to participate. “I’ve been following the NFT creator auctions along with all the hype about cryptocurrency. I like the security and validation of ownership the blockchain provides. But I also want my readers, who are leery of the whole crypto craze, to feel comfortable buying these collectible limited editions. I chose BGS because they are author focused as well as reader focused. That led them to an elegant solution for the problem.”

Each NFT digital book 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 digital books and related assets as collectibles that recognize the value of the author’s creation and provides the right for the purchaser to resell at auction or fixed price. A percentage of the resell price (10%) goes back to the author and is what makes NFT ebooks very different to buying and selling ebooks in the usual way.

Each book 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 NFT editions 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 or Stripe 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, BGS has 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. Additional NFT book drops are planned in 2021 and beyond.

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 book 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/

BooksGoSocial, headquartered in Dublin, Ireland, and with staff on three continents, has one mission: to provide the services authors and publishers need to sell more books in the United States, United Kingdom and other English speaking countries.


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