Blockchain Book Publishing Platform Libraro Secures £2 Million in Funding from nChain and Block Dojo

04/25/2023 11:21 • Metaverse Matters • 147 views

According to reports, the blockchain book publishing platform Libraro has announced the completion of a £ 2 million financing, with investors including nChain and the Web3 incubation project Block Dojo. Libraro allows authors to publish their work content on its platform and ensures the platform’s “integrity” by using blockchain technology to record and protect the copyright of uploaded materials. The company has also launched NFT digital collectibles as user incentives.

The blockchain book publishing platform Libraro completed a £ 2 million financing

Libraro, a blockchain book publishing platform, recently announced that it has completed a £2 million financing round with well-known investors such as nChain and Block Dojo. The platform offers a unique approach to book publishing, allowing authors to share and monetize their work while also protecting their copyright through blockchain technology. Furthermore, Libraro has introduced NFT digital collectibles as a way to incentivize users. In this article, we will explore what Libraro is, how it works, and the benefits it offers to both authors and readers.

Introduction

With the rise of digital media, self-publishing, and the internet, traditional book publishing has undergone tremendous change in recent years. The industry has seen an increasing number of new players and innovations, which aim to make book publishing faster, easier, and more accessible to authors and readers alike. One of the most promising and exciting developments in this regard is blockchain technology. Libraro is the newest example of this.

What is Libraro?

Libraro is a decentralized book publishing platform that enables writers to publish their work and earn money from it. The platform uses blockchain technology to ensure the integrity of the content and protect the copyright of the uploaded material. Libraro aims to become a one-stop-shop, providing everything an author needs to publish their book, from editing to marketing.

How Does Libraro Work?

Libraro is based on the Ethereum blockchain, and its operations are powered by its native token, BLOC. Writers can upload their work in various formats, from a finished manuscript to an incomplete draft, and then use the platform’s Professional Services feature to get feedback from editors and other users. Once the manuscript is complete, authors can publish it on the Libraro platform, set a price, and start earning royalties from their sales.

Benefits of Libraro

Libraro offers many benefits to authors and readers alike. Some of these benefits include:

Copyright Protection

Libraro uses blockchain technology to secure the copyright of the uploaded material, making sure that authors retain full ownership of their work.

Royalties

Libraro enables authors to earn money for their hard work through royalties earned from sales.

Editing Services

Libraro’s Professional Services feature provides access to editors, proofreaders, and other professionals to help authors polish their work.

Transparency

Libraro’s use of blockchain technology ensures transparency and accountability, as every transaction is recorded on the blockchain.

NFT Digital Collectibles

Libraro has introduced NFT digital collectibles as a way to incentivize users while also creating value for authors.

Conclusion

Libraro is a promising platform that aims to disrupt traditional publishing by using blockchain technology. It provides authors with a unique opportunity to publish their work, protect their copyright, and earn money from their sales. The platform’s innovative approach and use of NFT digital collectibles could revolutionize the publishing industry, making it more accessible and profitable for authors. If you’re an author looking for a new way to publish your work, or a reader looking for fresh and exciting books, Libraro is definitely worth checking out.

FAQs

1. Can anyone publish their work on Libraro?

Yes, anyone can upload their work on Libraro, regardless of their experience or background.

2. How much does it cost to use Libraro?

Libraro charges a small fee for using its services, which is deducted from the royalties earned by authors.

3. How are NFT digital collectibles used on Libraro?

NFT digital collectibles are used as rewards for users who help promote the platform by sharing their reviews and feedback. They can also be used as unique and valuable incentives for authors looking to increase their visibility and sales.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/21507.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.