How Authors Can Monetize Books with the Blockchain
Discover how authors and publishers can increase earnings by tokenizing book copyrights on the Blockchain.
If you are an author or publisher looking to make more money from your books, then this is for you.
This post explains how to monetize books by tokenizing them on the Blockchain.
1. Background
As you know, books earn revenue through Copyright Licenses.
A copyright license is a legal agreement that allows specific use or monetization of a copyrighted work.
The copyright holder grants a license to a licensee, permitting the use of the book's content within the specified terms & conditions of the license.
Example: An author can license the right to print and distribute the book physically, to create an e-book version, or to adapt it into other media such as movies, audiobooks, or even video games.
These licenses can be sold or licensed separately, allowing different parties to hold rights to various aspects of the book.
This system creates a flexible and efficient way to manage and monetize a book's associated rights.
2. Book Copyright Licenses
Here's a list of Copyright Licenses for Books that authors and publishers can monetize:
Print Publishing Rights
E-book Rights
Audiobook Rights
Adaptation Rights
Translation Rights
Merchandising Rights
Educational Rights
Digital Distribution Rights
Graphic Novel Rights
Interactive Media Rights
Sequel Rights
Online Streaming Rights
Syndication Rights
Compilation Rights
Broadcast Rights
Theatrical Rights
Virtual Reality Rights
3. Tokenizing Book Copyright Licenses
Tokenizing your Book's Copyright Licenses on the HYFI Blockchain has a ton of benefits:
Global Market Reach
Automated Royalty Distribution
Fractional Ownership Opportunities
Enhanced Liquidity in Literary Markets
Transparent Transaction History
Direct Engagement Between Authors and Readers / Investors
Diverse Investment Portfolio
Real-Time Earnings Insight
Streamlined Legal Processes
For details, contact Team HYFI
Email: team@hyfiblockchain.com
WhatsApp: +1(951)389-4927
Source: https://www.hyfiblockchain.com/blog_post.php?url=book-tokenization-plans