NFTBooks (NFTBS) is an initiative that promotes NFTs for books, periodicals, essays, and e-books, among other things.
The idea promises to be a marketing tool for authors, allowing them to sell their works and receive passive income, which means the author will profit every time someone reads it.
The NFTBooks (NFTBS) platform also aims to enable consumers to read books for a fraction of the price.
NFTBooks promises to enhance book popularity while also reducing paper waste in the publishing industry.
The creators of NFTBooks explain in their official white paper that while a person can view hundreds of movies for $20, they cannot buy numerous books for the same amount of money.
Instead, people choose for pirated editions, which is detrimental to the author’s work as well as the book business as a whole.
As an option, NFTBooks intends to support authors by advertising their books to readers who will be able to read them for a fraction of the cost of purchasing them physically. Furthermore, the value that the author receives from their book readers is recurring.
Binance Smart Chain token $NFTBS was launched in June 2021. The highest quantity is 100 quadrillion, with an automatic redistribution system built-in.
As an additional benefit, existing $NFTBS holders receive 2% of each operation (buy or sell), consequently making their bank accounts gradually increase in size.
The $NFTBS token has undergone a security examination to increase the trust of its holders. It will be the sole means of producing, purchasing, claiming, and selling books.
The source code has already been examined by a third-party firm to ensure that NFTBS holders have confidence in the project.
The NFTBooks (NFTBS) project has achieved a lot of recognition in a short period of time due to its particular perspective in the cryptocurrency world and NFTs.
This is comprehensible given the fact that due to the high expense of both physical and digital copies of well-known publications, millions of prospective readers are consuming fewer books.
Since NFTBooks has solved this problem, an influx of readers, as well as authors, translators, investors and lessors, has flooded the platform.
This is fostering a strong community of book lovers, which is why many crypto specialists are optimistic about the initiative.
The value of the NFTBS token has increased by more than 5,500 percent since its all-time low of $0.000000000005. In December 2021, the token hit an all-time high of $0.000000000772.
Crypto experts anticipate the value of the NFTBS token will reach $0.00001 and maybe more if the enthusiasm for NFT books continues to develop, thanks to its unique angle and good use case.
Due to the volatility of the crypto market, this is tentative, and it is always recommended to obtain expert advice and DYOR.
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