NFT - ’non-fungible token‘ represents a unit of data stored on a blockchain. Unlike Bitcoin and other cryptocurrencies, each token here certifies that a digital asset is one of a kind and therefore cannot be replaced with anything else.
The NFT concept is a perfect fit for the book publishing industry. NFT not only expands its boundaries but also changes the equity distribution model of books assets.
Digital Web Creation Club has identified early and is trail blazing the market with its NFT-solution.
Unlike other book publishing ecosystems and networks, Books written by DWCC such as "The Chronicles of Roob" will be operated by smart contracts.
This Whitepaper lays out the business model, technical foundations, and economic mechanisms of DWCC - where book characters will become digital assets created by artists using blockchain technology and these NFTs will make a foray into digital entertainment.
These tokens can be sold on NFT marketplaces, minted, auctioned, or used as assets in play-to-earn games and movies that are yet to be released. There will be 5 collections released this year.