Publica aims to bring the publishing economy into the blockchain revolution. Publica’s platform will host book crowdfunding, online marketplaces (ecommerce), apps, ereaders and ewriters doing double-duty as digital wallets. READ tokens represent books you own so they’re property backed by the blockchain. Smart contracts and RIGHT tokens will back the automated performance of agreements like derivative rights for movies, games, sequels etc. Publica’s ecosystem is the multi-sided economy of publishing including service-providers like illustrators, editors, marketers, retailers etc., so they can benefit from the platform’s network effects.
Publica will be a platform for authors, readers, books of all kinds and the people who make them. And for smart contracts to carry all kinds of transactions and exchanges for the publishing economy.
Publica will fuel an ecosystem of the third parties necessary to publish and promote high-quality and high-value books–editors, cover artists, illustrators, marketers and so on. By backing their ecommerce transactions on the blockchain Publica will bring trust and liquidity to the ecosystem. Peer-to-peer.
To ignite the ecosystem, Publica is a platform for authors to offer their own token launches for their new books (crowdfunding). Each token sold in a book’s token launch represents READ access to the book in an e-reader.
Authors will be able to set their own advance payments for their books negotiated with their fans and institutional backers. They’ll retain creative and financial freedom while having the means to remain independent.
Publica will establish the legal and technical framework for the tokenization of intellectual property rights. Instead of awarding up to 90% of their royalties to a single publisher, an author can decentralize ownership, thereby attracting investors and fueling an ecosystem for the book’s success.