How Authors Can Monetize Books with the HYFI Blockchain

Monday, 05th February, 2024

If you are an author or publisher looking to make more money from your books, then this is for you.

This post explains how to monetize books by tokenizing them on the HYFI Blockchain.

1. Background

As you know, books earn revenue through Copyright Licenses.

A copyright license is a legal agreement that allows specific use or monetization of a copyrighted work.

The copyright holder grants a license to a licensee, permitting the use of the book's content within the specified terms & conditions of the license.

Example: An author can license the right to print and distribute the book physically, to create an e-book version, or to adapt it into other media such as movies, audiobooks, or even video games.

These licenses can be sold or licensed separately, allowing different parties to hold rights to various aspects of the book.

This system creates a flexible and efficient way to manage and monetize a book's associated rights.

2. Book Copyright Licenses

Here's a list of Copyright Licenses for Books that authors and publishers can monetize:

  • 1. Print Publishing Rights
  • 2. E-book Rights
  • 3. Audiobook Rights
  • 4. Adaptation Rights
  • 5. Translation Rights
  • 6. Merchandising Rights
  • 7. Educational Rights
  • 8. Digital Distribution Rights
  • 9. Graphic Novel Rights
  • 10. Interactive Media Rights
  • 11. Sequel Rights
  • 12. Online Streaming Rights
  • 13. Syndication Rights
  • 14. Compilation Rights
  • 15. Broadcast Rights
  • 16. Theatrical Rights
  • 17. Virtual Reality Rights

3. Tokenizing Book Copyright Licenses

Tokenizing your Book's Copyright Licenses on the HYFI Blockchain has a ton of benefits:

  • 1. Global Market Reach
  • 2. Automated Royalty Distribution
  • 3. Fractional Ownership Opportunities
  • 4. Enhanced Liquidity in Literary Markets
  • 5. Transparent Transaction History
  • 6. Direct Engagement Between Authors and Readers / Investors
  • 7. Diverse Investment Portfolio
  • 8. Real-Time Earnings Insight
  • 9. Streamlined Legal Processes
  • For details, contact Team HYFI

    WhatsApp: +1(951)389-4927

    Pricing Plans

    Silver Plan

    $99 year
    Market Value Assessment
    Token Dev (HYFI)
    Listing on HYFI Marketplace

    Platinum Plan

    $999 year
    Market Value Assessment
    Token Dev (HYFI)
    Listing on HYFI Marketplace
    Promotion on HYFI Socials
    Whitepaper Development
    Live AMA with Author
    Earn 50% of Tx Fees
    wToken on Polygon
    Listing on Exchanges2
    Post-Sale Management
    Secondary Market Facilitation