Non-fungible token (NFT) and e-book publishing: an exploratory : descriptive study

Goda, AYA FAIZ Abdelmalik فایز

doi:10.21608/ijlis.2023.198718.1183

Non-fungible token (NFT) and e-book publishing: an exploratory : descriptive study

Document Type : Original Article

Author

AYA FAIZ Abdelmalik فایز Goda

Nasr city.Egypt

10.21608/ijlis.2023.198718.1183

Abstract

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Non fungible tokens (NFT) are a new and unique way to make available and preserve

an e-book as a digital asset where all transactions are recorded on the Blockchain. NFT appeared in 2017 and increased in popularity by the end of 2021; At first it attracted artists and since then its growth has been exponential; And then applied in various fields. It is in inception for e-books. The objectives of the study were to identify the NFT and shed light on its advantages and disadvantages and its use for books, and to monitor NFT markets for books and analyze the books in them. For this reason, the descriptive approach was relied upon. To describe the phenomenon quantitatively and qualitatively using a book NFT Markets Analysis Checklist. One of the most prominent results of the study was that NFT for books enjoys many advantages, the most important of which is the profits of the secondary market, i.e. reselling the book and profiting from it. While one of the biggest drawbacks of NFT was the use of cryptocurrencies for minting books. And that most of the countries that are considered the headquarters of these markets are the United States of America; that was 44.4%, followed by Spain and Germany. As a result, the primary language of the markets is English. The minting process varies from market to market depending on the Blockchain used, as well as gas fees.

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