Nalnda price

NALNDA

Nalnda is the first marketplace for NFT based eBooks aka nBooks. Nalnda allows readers to more than just read eBooks and authors/publishers to have multiple revenue streams and earn a royalty on every secondhand book sale.

Readers are not the owners of eBooks, and it restricts the use-case of eBooks to just reading. In the Nalnda ecosystem, readers are the owners of the eBooks and are free to re-sell, lend, stake, create an e-bookstore or library. Our USP is a Fulcrum™, a decay algorithm, that balances the supply of old books so that demand for new books is not cannibalized thus driving synergy b/w old books and new books in the market. This helps authors to maximize the sale of new copies of published titles and earn revenue from the sale of old books.

• Publishers/ Authors – Publishers/ Authors will have to pay fees for listing and creating nBooks. This fee can only be paid using NALNDA token. Publishers will also be able to incentivize readers with NMT tokens for reading specific books. This will help publishers to generate revenue from less popular works and market them.

• Readers – Reading a book on Nalnda will incentivize readers based on the. of pages read and time spent on the platform. With time the incentive factor for a reader will increase or decrease based on the reader’s involvement on the platform. However, this incentive factor will have a minimum and maximum factor.

• Service Providers – Service providers can charge fees for providing services. This fee will be charged in NMT tokens. Examples of the service are Book Reading sessions by Authors, Metaverse Book Fair, etc.

• Social Platform – The inbuilt social platform will allow readers, fan clubs, service providers, and authors to socialize and connect. NALNDA will be used as a tipping mechanism on this social platform.

Nalnda Eco-system will provide a complete suite of services and tools for publishers, authors, readers, and traders. The eco-system will be designed in a way that meets all the requirements of all the stakeholders across the publishing supply chain. While buying and selling digital books will be the core competency of Nalnda, the core vision, i.e., content as an asset class will pave a path for developing other commercial use cases that will be revealed from time to time. Nalnda will have five major offerings:

• Marketplace for new as well as old nBooks

• BookPool for staking nBooks

• Book Cafe will integrate with Coffee Chains to drive business for both coffee chains and Nalnda

• BookMark is a social networking layer that will provide connectivity b/w authors and readers for services such as podcasts and sessions by authors, tipping and promoting, etc.

• Web-based data analytics platform will provide insight into the reading patterns which will be beneficial for Publishers and authors