Billionaire Mark Cuban in an interview with Forbes spoke about the potential of non-fungible tokens (NFTs) in the book industry.
According to him, schoolchildren and students are constantly buying new or used textbooks. At the end of the course, they have to solve a dilemma.
“You make a decision: yes, I’m going to sell them [учебники]. How can I sell them? Should I send them? Or take it to a bookstore? This is just a headache in the digital world,” Cuban said.
The NFT market will allow not only students to return the money spent on the textbook, or at least part of it, but also authors and publishers to get their share of repeat sales. This is not possible with physical books, he added.
Cuban believes that NFT technology will also make the health insurance industry more efficient and fair. The blockchain will enable the creation of an insurance claims pre-approval platform with thousands of validators, he explained. The latter will receive remuneration for their work.
Earlier, Microsoft founder Bill Gates questioned the value of NFTs and called them a hoax “based on the greater fool theory.”
Recall that in September, Meta Corporation opened access to functions related to non-fungible tokens to all Instagram and Facebook users from the United States.
Metaverse-focused company MyMetaverse has integrated NFT into its own Minecraft and Grand Theft Auto 5 game servers.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
Billionaire Mark Cuban in an interview with Forbes spoke about the potential of non-fungible tokens (NFTs) in the book industry.
According to him, schoolchildren and students are constantly buying new or used textbooks. At the end of the course, they have to solve a dilemma.
“You make a decision: yes, I’m going to sell them [учебники]. How can I sell them? Should I send them? Or take it to a bookstore? This is just a headache in the digital world,” Cuban said.
The NFT market will allow not only students to return the money spent on the textbook, or at least part of it, but also authors and publishers to get their share of repeat sales. This is not possible with physical books, he added.
Cuban believes that NFT technology will also make the health insurance industry more efficient and fair. The blockchain will enable the creation of an insurance claims pre-approval platform with thousands of validators, he explained. The latter will receive remuneration for their work.
Earlier, Microsoft founder Bill Gates questioned the value of NFTs and called them a hoax “based on the greater fool theory.”
Recall that in September, Meta Corporation opened access to functions related to non-fungible tokens to all Instagram and Facebook users from the United States.
Metaverse-focused company MyMetaverse has integrated NFT into its own Minecraft and Grand Theft Auto 5 game servers.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
