Are NTF’s the Future of Ebooks?

I came across the acronym a few months back and had NO IDEA what it meant. When I did some research, the idea that this could be put to use for ebooks sparked a great blog post, but when I did more research, I found Huge Howey’s post on the exact same thing, and to be honest, his post makes it easier to understand not only what a NFT is, but how it can be used for creative compositions, and not just for ebooks. Go have a read.

https://hughhowey.com/nfts-for-authors/

The thing I like about his version is this, not only is it difficult for pirates to copy and profit, but if the book is sold to a third party, everyone in the chain of creating this ebook profits. I liken it to residuals actors/directors get from syndication of tv shows and movies. As Hugh points out, it’s not a lot, but at least it’s something.

On the down side, NFT’s are like Cryptocurrency and take a lot of energy to create. Considering how environmentally unfriendly bitcoin production can be, I’m not sure how sustainable this really is. Publisher’s Weekly did an article on it as well, and it brings some doubt as to whether this is just a fad or an investment.

https://www.publishersweekly.com/pw/by-topic/digital/content-and-e-books/article/86104-could-nfts-work-in-publishing.html

I am ALL FOR any way that keeps illegal downloads from taking money from the creator, but not at the expense of the environment, therefore, I am on the fence about this.

Read the articles. What do you think?

About Darke Conteur
Darke Conteur is a writer at the mercy of her Muse. The author of stories in several genres, she prefers to create within the realms Science Fiction and Dark Fantasy. A pagan at heart, her personal goal it to find her balance within nature; exploring the dark through her stories and the light through her beliefs. When not writing or working with crystals, she enjoys knitting, gardening, cooking and very loud music.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: