We now see investment shifting towards utility-based NFTs. Companies like book.io are using utility-based NFTs to transform ownership of digital content, such as e-books. Currently, when readers buy e-books, they don’t own the book itself, only a license to view the content. That means they can’t resell, lend, or give it away. In addition, authors have limited opportunities to take advantage of secondary market royalties. The advancements in NFT infrastructure and decentralized storage aim to address these problems.
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