The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain, its decentralized governance, and healthy and prosperous open-source ecosystem. We are excited to partner with Book.io to bring a new generation of knowledge-thirsty readers into Web3, using Algorand's secure, decentralized network.'Įarly investors in Book.io include Venture capital firm BDMI, the wholly owned subsidiary of the media, services and education company Bertelsmann, Ingram Content Group, the world's largest book distributor, and Radical Investments LP, a Mark Cuban Company.įuture mints of books on Algorand will be announced soon. 'So, it is only fitting that we support the release of one of the most banned books of all time. 'One of the best things about Web3 is that it enables knowledge to come from anywhere and be accessible to anyone,' said Staci Warden, CEO at Algorand Foundation. Book.io utilizes a proprietary technology called decentralized encrypted assets (DEAs), which means the digital asset lives entirely on the blockchain, free of any centralized server, and allows only the owner of the asset to view the encrypted media. Additionally, creators can have greater control over the distribution of their work, as well as direct access to their fanbase of readers. Unlike traditional eBook retailers, which only offer users the ability to purchase licenses to view books, Book.io enables readers to truly own the digital books they purchase. We want the whole world to be able to own their digital assets and digital books, making it impossible for central authorities to ban or censor books at their discretion.' 'We chose Algorand because of its scalability, minimal transaction fees, and near-zero carbon footprint. At Book.io, we believe that books should be unchangeable, immutable, and live forever across borders,' said Book.io Co-Founder Ben Illian. 'Algorand is a partner who shares our ethos. Holders will be able to read the book within the Book.io web reader or mobile apps, as well as gift, sell and trade these decentralized books. Each eBook NFT will feature one of 500 covers designed by AI artists, each with varying rarity. The Leading Marketplace for NFT eBooks will distribute 10,000 of Aldous Huxley's 1932 Classic t o Attendees of Consensus 2023ĪUSTIN, Texas, Ap/PRNewswire/ - Book.io and the Algorand Foundation, the organization focused on growing the ecosystem for the world's most advanced layer-1 blockchain, are teaming up to bring 10,000 eBooks of Aldous Huxley's 'Brave New World' to the Algorand blockchain, marking the first time a reader can truly own a digital copy of the 1932 classic.Ī limited supply of 10,000 eBooks will be distributed, via vouchers with free redemption codes to attendees of Consensus 2023 on April 26-28 in Austin, Texas.

Brave new world book