College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales

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

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The National's sales slump but Newsquest eyes general election fillip

Sales of Scotland’s first pro-independence daily paper falls to 15,000 – a quarter that of launch edition – but publishing group remains committed to investing in the titleSales of the National have fallen below 20,000 as the novelty of Scotland’s first pro-independence daily newspaper appears... Continue reading at The Guardian

[ The Guardian | 2015-01-27 00:00:00 UTC ]
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Library cuts and falls in printed book sales | Letters

Has the editor of The Bookseller compared the fall of print sales of adult fiction since 2009 by more than £150m with the massively declined budgets of public libraries over the same five-year period (The writing’s on the wall for adult fiction in print, 14 January). This is also conditioned by... Continue reading at The Guardian

[ The Guardian | 2015-01-19 00:00:00 UTC ]
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Sales 'level' for Pearson at nine-month point

Pearson has reported sales level in underlying terms for the first nine months of 2014, with Penguin Random House performing "well" in the third quarter. Meanwhile chief financial officer Robin Freestone is to stand down after eight years in his role, the company said. Continue reading at The Bookseller

[ The Bookseller | 2014-10-25 00:00:00 UTC ]
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B&N Quarterly Sales Fell 7%, But Losses Cut

Revenue at Barnes & Noble fell 7% in the first quarter ended August 2, to $1.23 billion, but the retailer cut its net loss to $28.4 million from $87.0 million in the first period of fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-09 00:00:00 UTC ]
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Ellora’s Cave Cuts Staff, Blames Big Amazon Sales Drop

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[ Publishers Weekly | 2014-08-22 00:00:00 UTC ]
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Russian Book Sales Plummet in Ukraine, Imports to Be Cut

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[ Publishing Perspectives | 2014-08-11 00:00:00 UTC ]
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College Students Prefer A Mix of Print and Digital Textbooks

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[ Publishers Weekly | 2014-07-08 00:00:00 UTC ]
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Hands On: Nokia's Lumia Icon cuts the phablet down to size

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[ PC World | 2014-02-12 00:00:00 UTC ]
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Time Inc. Eyes Candidates for Chief Revenue Officer, Mulls Cost-Cutting Options

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[ Advertising Age | 2013-12-18 00:00:00 UTC ]
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Price Cuts Bite Into Korean Book Sales, Fixed Price Considered

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[ Publishing Perspectives | 2013-11-15 00:00:00 UTC ]
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Amazon offers physical bookstores a cut of Kindle ebook sales, and just enough rope

Just as Kobo has cozied up to physical booksellers, so too does Amazon have a plan to smother them in e-ink kisses. Under the company's new "Amazon Source" program, any independent bookstore that sells a Kindle tablet or e-reader will be rewarded with ten percent of future book purchases made on ... Continue reading at Engadget

[ Engadget | 2013-11-06 00:00:00 UTC ]
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Amazon to Let Independent Bookstores Sell Kindles and Gives Them a Cut of E-Book Sales

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[ AllThingsD | 2013-11-06 00:00:00 UTC ]
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Tribune Eyes Expense Cuts in Newspaper Unit

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[ Editor & Publisher | 2013-09-30 00:00:00 UTC ]
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Scholastic Cuts Loss Despite Sales Drop

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[ Publishers Weekly | 2013-09-19 00:00:00 UTC ]
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[ Publishers Weekly | 2013-08-15 00:00:00 UTC ]
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Barnes & Noble drops Nook prices, eyes Mother's Day sales boost

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