DALLAS, Sept. 30, 2022 /PRNewswire/ — Book.io, the leader in NFT eBooks on the blockchain, announced that they closed a seed funding round with Ingram Content Group (“Ingram”), one of the world’s leading book distributors, that possesses an expansive reach inside the world of book publishing with access to tens of thousands of publishers and millions of titles.
Ingram Content Group, the World’s Leading Book Distributor, Invests in Web3 eBook Startup Book.io
“Ingram Content Group is excited to join with Book.io in pioneering new supply-chain models for eBook delivery that take advantage of the security of blockchain technologies, the promise of Web 3.0 and innovative commercialization models based on NFTs,” says Shawn Morin, President and CEO of Ingram Content Group. “Ingram Content Group is dedicated to all facets of the book industry, and Book.io naturally aligns with the global reach of our business and our mission to provide the infrastructure and services necessary to help content reach its destination, from content creators to consumers.”
Book.io is building the infrastructure for putting ebooks and audiobooks on-chain, which will allow readers to truly own the digital books they purchase, instead of the current industry licensing model. This will enable an entirely new secondary digital market where publishers and authors can earn royalties and leverage new author-to-reader direct engagement channels.
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