Book.io, a startup in NFT eBooks on the blockchain which includes Mark Cuban – the billionaire owner of the NBA’s Dallas Mavericks – as one of its investors, 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.
Within 60 days of launching the blockchain utility platform and eReader dApp, Book.io generated over $250,000 in net sales revenue, and continues to generate daily royalties from secondary market sales – with individual collectible eBooks selling for over $4,000 USD each. Book.io is in discussion with multiple large publishers and authors and scheduling titles for release this fall.
U.Today reported that Mark Cuban is not only an investor in Book.io but has also provided “invaluable advice” and helped the firm generate connections as well.
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