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Publishing News Roundup Series: The Importance of Non Fungible Tokens for Authors

Can authors leverage Non Fungible Tokens for income?

With the addition of digital into the mix of publishing, authors are finding more and more ways online to make income. As things move onto online more and more, eBook sales and other online revenue have become invaluable to many authors. NFTs are a great way to claim ownership of your digital files.

Shiny New Object

 

 

This week I listened to an interview on NFT’s with Joanna Penn and John Fox. Non Fungible Tokens have a controversial press. Many consider them a fad, or a scam. But some are looking at them as the Next Big Thing. Joanna and John discuss how authors can use them to create new work, much like the musicians and visual artists are doing. 

 

Last week Bloomberg Financial Magazine looked at the power shift back to musicians with NFT’s. Today The Guardian wrote about Christie’s auctioning an NFT from Tim Berners Lee of the original source code from his invention of the internet. It was for events like this that publishing contracts now contain legal clauses like ‘universal rights in all formats existing and to be invented.’

 

I am always interested to see a Mark Williams look into the future piece. Mark lives in The Gambia and comments on Global Publishing. This week he takes a look at the power of internet and where the potential emerging markets are. There are some fascinating statistics for publishers looking at other markets. (Like 94% of the world’s internet users are not in the USA.)

 

So many research institutions studying so many types of reading behaviour can’t they work together? That is the call in 2021 at Bologna Children’s Book Fair. (Collaboration, who knew that would be a thing?)

 

Another American court has passed a directive that Ebooks must be made available to Libraries. The Association of American Publishers sees this as a copyright fight. Publishers Weekly takes a look at the implications, meanwhile, tucked in the bottom of the article is a reference to the power of librarians and how quickly they can mobilise.

 

Kris Rusch has another great post on FOMO- The Fear Of Missing Out and how this can cause writers to jump around trying to please everybody and end up having the joy of writing sucked out of them. Be like the Tortoise.

 

Charlie Jane Anders has written an interesting breakdown of the  7 wrong lessons creators learned from Game Of Thrones to mark the 10 year anniversary of the first episode and Jan Drexler has one on the promise you make to your readers.  

 

In The Craft Section,

Using triggers for emotional wounds– Angela Ackerman

 

Grammarly alternatives– Reedsy- Bookmark

 

The flat archetype of The Ruler– Archetype Series – K M Weiland- Bookmark

 

2 Great posts from .-Lucy V Hay 6 ways to make your writing stand out from the crowd and

8 ways to write your novel outline– Bookmark Both

 

In The Marketing Section,

What is the Clubhouse app and how to use it.– Naomi Nakashima

 

Authors – be where your readers are- Frances Caballo

 

How to build your author website– Written Word Media

 

Leveraging your networks- Sandra Beckwith – Bookmark

 

2 Great posts from Joanna Penn- Mistakes in book promotion and Marketing your book

Bookmark Both

 

To Finish,

It’s midway through the middle month in the year. How is it progressing? Sometimes we need a shake-up to get us out of a slump. Edie Melson has 10 strategies to shake your online writer’s presence up.  Ali Luke has a great post on writer motivation with 7 ways to stay motivated with your writing project.

 

Of course, once you start brainstorming… you may just invent something that will change the world.

 

Maureen

@craicer

 

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If you like the blog and want to shout me a coffee, hit the coffee button up top. I appreciate the virtual coffee love. Thanks.

 

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