Amazon taking 30% royalties for your book? What if we could do it for you for 2.5%? Welcome to PowerFan.io
OpenSea and Rarible are places for artists to mint their works, but what about books and other published content?
The Problem
Many authors do not have an easy way to create their books into exclusive NFTs for sale. Authors cannot transparently keep track of royalties owed to them for copies sold. Retail online book sales give away 30–70% of the margin to distributors and retailers or ebook marketplaces, while authors and publishers lack data to make smart business decisions. Fans of their favorite authors are not empowered and rewarded for supporting their favorite authors when sharing their content. And new authors have a hard time being discovered.
The Solution
At PowerFan, we have created a platform for authors to create their books on the blockchain as minted NFTs will help them earn royalties for their works in a transparent manner from derivatives like movie rights, cartoon rights, video content, etc.
· The PowerFan Library & Book Exchange creates incentives for readers to discover and consume content while directly compensating the rightful owners without a middleman.
· NFT holders of the author’s books have certain rights such as partial royalties or movie rights, publishing rights etc.
· These NFT holders can trade rights on the BookExchange market
· The PowerFan EBook reader incentivizes readers to read more within the platform and gives royalties to the authors who created NFTs in a subscription-based model.
It is our vision at PowerFan to become the most attractive platform for publishers to have their works minted on the blockchain.
Their profile also contains a fan list showing who are the most active supporters.
Why PowerFan.io is Better than Amazon Publishing & Other Venues
· All books the author publishes are forever stored in the blockchain.
· Fans of Authors get to invest in future returns on Royalties of their authors books even before a book launches.
· Authors can track the ROI ranking of their book NFTs.
· Fans are empowered to influence their favorite authors to write books for them by showing their influence to help their favorite creator by sharing the authors books.
Research from Self Publishing Advice indicates that the digital print market share will be almost 20% of a $820 billion industry, alongside audiobooks, an additional $1.5 billion on top of that.
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PowerFan.io Revenue Sources
· EBook and NFT sales fees (2% of all self-publishing and NFT sales)
· Paid Monthly subscription for reading books of authors.
· Interest payments based on deposit (Decentralized finance, Banking) Paid Support
· (Virtual Assistants) / Marketing for authors.
· Author tokens for investors and Royalties market for Movie Rights, Merchandise, etc.
· AI Tools with GPT-3 → AI marketing tools for authors and advertisers to target readers.
Utility Token Usage
· PFAN Tokens can be used for any transaction between the Content Creators and their fans
· (ex, Paid messages in tokens)
· Tokens can be used to earn interest in staking
· Tokens can be used when borrowing and lending money : Borrower and lender need to pay fees in token ($1 amount)
· Tokens are used for almost all premium interaction within the PowerFan community. (All free interactions will help users gain tokens when interacting with advertisements)
