We are looking to develop a decentralized platform leveraging blockchain technology to manage rights and royalties for authors and publishers more efficiently. This platform will utilize smart contracts and NFTs to ensure transparent, immutable, and fair distribution of revenues from book sales and licensing, providing a secure and streamlined process.
Authors, literary agents, publishers, and rights managers looking for a transparent and efficient way to manage book rights and royalties.
The current rights and royalties management system in the publishing industry is outdated, leading to inefficiencies, payment discrepancies, and trust issues among stakeholders.
The target audience is driven by the need for competitive advantage and significant cost savings through reduced administrative overhead and dispute resolution costs.
If this problem remains unaddressed, stakeholders will face continued revenue losses, strained relationships, and a growing competitive disadvantage as the industry shifts towards digital and decentralized solutions.
Current solutions are centralized platforms that offer limited transparency and flexibility. Competitors include traditional rights management software, but these lack the decentralized benefits that blockchain can offer.
Our platform’s unique selling proposition lies in its use of blockchain to offer an unprecedented level of transparency and automation in rights and royalties management, backed by secure and transferable NFT rights tokens.
Our go-to-market strategy includes partnering with publishing houses and author associations, conducting workshops to demonstrate the platform’s capabilities, and leveraging industry influencers to gain traction and credibility.