Le Lézard
Classified in: Science and technology, Business
Subject: LIC

Ingram Content Group, the World's Leading Book Distributor, Invests in Web3 eBook Startup Book.io

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.

Book.io will work directly with Ingram's vast digital and physical infrastructure to create NFT ebooks and audiobooks from the world's top authors and publishers. Ingram's print-on-demand service, Lightning Source, will enable Book.io to bundle NFT eBooks with bespoke printed physical books in an industry first, named Mint & Print®, allowing the ability to print singular physical books based on NFT eBook ownership and deliver those printed books within 48 hours anywhere in the world.

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.

"The team and I are super excited about this investment," said Joshua Stone, CEO of Book.io. "We believe that the golden era of digital books has only just begun, and a partnership with Ingram will give us the opportunity to scale in order to meet the overwhelming demand we are experiencing, and expand our platform to give digital ownership to the mass reading market."

For more information, visit Book.io
For inquiries, please email press@Book.io

About Book.io

Book.io is the leading platform for NFT ebooks and digital content in the Web3 era. Their proprietary technology, Decentralized Encrypted Assets (DEAs), allows all types of media to live perpetually, protected on the blockchain ? a seismic shift for blockchain utility. Book.io is working diligently to build an ebook and audiobook marketplace, mobile reading apps, and a publishing portal for independent authors.

About Ingram Content Group | www.ingramcontent.com

The world is reading, and Ingram Content Group ("Ingram") connects people with content in all forms. Providing comprehensive services for publishers, retailers, libraries, and educators, Ingram makes these services seamless and accessible through technology, innovation, and creativity. With an expansive global network of offices and facilities, Ingram's services include digital and physical book distribution, print on demand, and other services for the publishing industry. Ingram Content Group is a part of Ingram Industries Inc. and includes Ingram Book Group LLC, Ingram Publisher Services LLC, Lightning Source LLC, Ingram Library Services LLC, Tennessee Book Company LLC, Ingram Content Group UK Ltd. and Ingram Content Group Australia Pty Ltd.

Media Contact: press@book.io

SOURCE Book.io, Inc.

These press releases may also interest you

at 01:05
Everbridge, Inc. , the global leader in critical event management (CEM) and national public warning software solutions, today introduced a new situational awareness capability enabling public safety authorities to gain deep visibility into critical...

at 01:01
The Yidan Prize Foundation, the global philanthropic foundation behind the world's highest education accolade, hosted the 2022 Yidan Prize Summit yesterday. Teachers are facing more?and more complex?challenges than ever before. The United Nations...

at 01:00
Locus, a leading-edge technology company solving for excellence in last-mile logistics, today announced the launch of Delivery Linked Checkout (DLC), a first-of-its-kind integrated capability that enables retail businesses to achieve profitability in...

at 00:48
KONKA Group Co. Ltd. ("the Company"; 000016. SZ), a leading technology company, and MBC GROUP, the largest and leading media company in the Middle East and North Africa (MENA) region, have recently announced a strategic partnership that will allow...

at 00:10
LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce the launch of the LeddarVisiontm Front-View-E (LVF-E) and LeddarVisiontm Front-View-H (LVF-H), two distinct...

at 00:05
Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today released its annual threat predictions report for 2023. Forecasts from the Trellix Advanced Research Center anticipate spikes in geopolitically...

News published on 30 september 2022 at 10:30 and distributed by: