SLEEPY BOOKWORM

Book Worm NFTs are revolutionizing how you own and profit from literary works, allowing you to hold or trade famous titles. Dive into a new era of literary appreciation and investment.

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About us

What is Sleepy Bookworm

At Book Worm, we transform literary classics and exciting new titles into NFTs, providing a unique platform for readers and investors. Here, you can own a piece of literary history and receive a share of the royalties. Our mission is to merge the richness of books with the innovative potential of blockchain technology, creating a new marketplace for literary enjoyment and economic benefit.

What is an ISBN, and how is it used in Book Worm NFTs?

An International Standard Book Number (ISBN) uniquely identifies each book published. In our Book Worm NFTs, each NFT can hold up to 10 ISBNs, representing different book titles. Sales and distribution data for these ISBNs are transparent, with companies like Nielsen publishing updates twice weekly. This transparency helps NFT holders track the performance and popularity of their owned titles.

How does royalty distribution work with Book Worm NFTs?

Royalties from book sales associated with the ISBNs in your NFT are distributed directly to you as the NFT holder. We use smart contracts to automate this process, ensuring that royalties are paid out fairly and transparently. A percentage of every book sale is converted into cryptocurrency and automatically sent to your digital wallet, proportional to your ownership.

Are Book Worm NFTs considered securities?

No, Book Worm NFTs are not considered securities. They are collectible digital assets that represent ownership of literary works and the associated royalties. While they do generate revenue, they are structured to comply with current regulations, ensuring they remain classified as digital goods rather than financial securities. This classification helps avoid complex legal implications while allowing collectors to benefit financially.

How can I track sales of books linked to my NFTs?

Sales data for books linked to your NFTs are reported transparently and updated frequently. As a holder of Book Worm NFTs, you will have access to a dashboard that displays real-time sales data, performance metrics, and royalty earnings. This data is sourced from established book sales tracking organizations and is made available to you at any time to ensure full transparency.

What happens if a book in my NFT becomes a bestseller?

If a book within your NFT becomes a bestseller, you stand to gain significantly through increased royalty distributions. As the book sells more copies, the royalties distributed to your NFT increase accordingly. This not only boosts your direct earnings but may also increase the market value of the NFT should you decide to sell it in the future.

Can I sell or trade my Book Worm NFTs?

Absolutely! You are free to sell or trade your Book Worm NFTs on various platforms that support digital assets. This allows you to capitalize on the market value of your NFTs, which can fluctuate based on the popularity and sales performance of the books they represent. Our platform supports secure transactions, ensuring that ownership transfers are smooth and verifiable.

What measures are in place to ensure the security of transactions and data?

We prioritize security and use blockchain technology to ensure that all transactions and data transfers are encrypted and immutable. Smart contracts automate transactions and record all changes in ownership, providing a secure, transparent, and tamper-proof system. Regular security audits and compliance checks help maintain high standards and protect against vulnerabilities.

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ROADMAP

Bookworm Timeline

Q3 2024

Introduce 10 new ISBN NFTs
Launch author collaboration
Improve blockchain security
Gather initial user feedback

Q4 2024

Update NFTs with new books
Host first community forum
Enhance smart contract tech
Evaluate Q3 feedback

Q1 2025

Add requested author titles
Increase publisher partnerships
Test NFT trading features
Collect detailed user insights

Q2 2025

Release NFTs with rare books
Upgrade user interface & UX
Strengthen data encryption
Host live community event

Q3 2025

Expand library of classics
Integrate advanced analytics
Implement user suggestion box
Review mid-year performance

Q4 2025

Feature international authors
Optimize smart contract layers
Publish quarterly NFT report
Hold second community forum

Q1 2026

Launch exclusive author NFTs
Pilot new blockchain protocol
Engage with literary schools
Analyze user activity data

Q2 2026

Promote top-performing NFTs
Develop NFT resale market
Enhance interactive content
Solicit author feedback

Q3 2026

Introduce genre-specific NFTs
Upgrade infrastructure security
Organize global virtual meet
Publish annual performance

Q4 2026

Celebrate 2 years of success
Expand to new literary markets
Summarize user engagement
Set future development goals

How we work

BECOME OUR MEMBER

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Set up your wallet

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Buy your collection

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Add your NFT's

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Sell Your NFT's

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Our team

Other Member

Who we are

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