NFT advocates often tout the technology's ability to grant the creator a cut of second-hand sales as one of its major attributes. Artists can earn from one of their digital creations years after first selling it. Others are looking at NFTs to earn a buck from the secondary market too, including the publishers of college textbooks.Pearson, which said in 2019 it would focus on digital textbook sales, wants a piece of the action. “In the analogue world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale,” CEO Andy Bird told Bloomberg this week. “The move to digital helps diminish the secondary market, and technology like blockchain and NFTs allows us to participate in every sale of that particular item as it goes through its life."There's an obvious reason why students resell textbooks. They're expensive! Students often have to spend hundreds of dollars on required materials each semester — or even hundreds of dollars on a single textbook. Selling on a textbook when it's no longer needed just makes sense.Turning textbooks into NFTs and banking on the blockchain to track ownership of them (from “owner A to owner B to owner C,” as Bird put it) seems unnecessary, though. Digital rights management already exists and doesn't need to go anywhere near cryptocurrency. Pearson has a $15 per month subscription service for its textbooks as well.Bird could simply be bloviating about a zeitgeisty technology to try and keep Pearson's investors... Continue reading at 'Engadget'
[ Engadget | 2022-08-03 20:10:20 UTC ]
News tagged with:
#second-hand sales
#nft advocates
#major attributes
#secondary market
#analogue world
#makes sense
#pearson
Amazon has reported a 22% rise in sales over the last three months, the same growth increase as... Continue reading at The Bookseller
[ The Bookseller | 2013-04-26 00:00:00 UTC ]
More news stories like this |
A husband-and-wife bookselling team have described handing a petition into Downing Street calling... Continue reading at The Bookseller
[ The Bookseller | 2013-04-24 00:00:00 UTC ]
More news stories like this |
World Book Night 2013 is being marked by a free hand out of 500,000 books and hundreds of literary events around the country. Continue reading at BBC News
[ BBC News | 2013-04-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#free hand
#literary events
Quercus has announced its preliminary results for 2012, with a a fall in both profits and revenue... Continue reading at The Bookseller
[ The Bookseller | 2013-04-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#preliminary results
Content marketing has radically changed perception between client and publisher. Continue reading at Folio Magazine
[ Folio Magazine | 2013-04-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#content marketing
Sales of printed books jumped more than £1m last week, after the value of the market hit a... Continue reading at The Bookseller
[ The Bookseller | 2013-04-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#poor week
#market hit
New entrants to the UK ebook market buy more books, but tend to buy more from Amazon, even for... Continue reading at The Bookseller
[ The Bookseller | 2013-04-16 00:00:00 UTC ]
More news stories like this |
Ebooks accounted for 22.55 percent, or nearly a quarter, of U.S. book publishers’ sales in 2012, according to a full-year report released by the Association of American Publishers Thursday. That’s up from 17 percent of sales in 20 ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-04-11 00:00:00 UTC ]
More news stories like this |
Book sales at W H Smith dropped 6% like-for-like in the six months to 28th February, according to... Continue reading at The Bookseller
[ The Bookseller | 2013-04-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book sales
#28th february
Printed book sales in the UK fell by more than 15% last week, as the established post-Easter... Continue reading at The Bookseller
[ The Bookseller | 2013-04-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#uk fell
Pearson has bought complete control of the vocational training company IndiaCan. Originally set... Continue reading at The Bookseller
[ The Bookseller | 2013-04-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#originally set
A new report on the ebook market in 2012 shows the continuing dominance of fiction, with fiction... Continue reading at The Bookseller
[ The Bookseller | 2013-04-04 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#ebook market
Spending on printed books soared by more than £2m in the UK last week, with the value of... Continue reading at The Bookseller
[ The Bookseller | 2013-04-03 00:00:00 UTC ]
More news stories like this |
Proposed cuts to Sheffield’s libraries will be debated in the city after 10,000 people... Continue reading at The Bookseller
[ The Bookseller | 2013-04-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#proposed cuts
The Society of Authors has criticised a decision by Pearson to change the way it pays some of its... Continue reading at The Bookseller
[ The Bookseller | 2013-04-02 00:00:00 UTC ]
More news stories like this |
Even though books are what our public has traditionally wanted most—and what librarians do best—public libraries have never been content to just circulate books or other media. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-29 00:00:00 UTC ]
More news stories like this |
Europe and the rest of the world may trail the United States in the size of their ebook markets... Continue reading at The Bookseller
[ The Bookseller | 2013-03-25 00:00:00 UTC ]
More news stories like this |
In last week’s landmark ruling, the Supreme Court held that the first-sale doctrine—the provision in U.S. law that enables owners of legally acquired copies to redistribute them—is not limited to works made in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#landmark ruling
Yardley-based newspaper publisher Journal Register Co. Thursday won court approval to sell its assets to an affiliate of its current owner in exchange for $114 million in secured debt and about $6 million in cash, Bloomberg reported. A New York-bas ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-03-22 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#$114 million
#current owner
#bloomberg reported
Research is showing that book sales around the world are in general decline and in some countries people are said to have simply stopped reading. What's to blame? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-03-21 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#book sales