A new Cardano-based altcoin project has announced billionaire Mark Cuban as its official investor. Cuban was previously known for his support of Polygon in the cryptocurrency market.
Crypto billionaire supports this Cardano-based altcoin project
The related project Book.io shared on Twitter today that Mark Cuban is one of its first investors. According to the start-up, which has branded itself with multi-chain capabilities, Mark Cuban has not only invested money in the team, but has also provided invaluable advice and helped the company build connections.
Book.io generated over $250,000 in net sales revenue in the first few months of its launch and continues to earn daily royalties from secondary market sales. Offering a vibrant business model with globally acceptable fundamentals, the platform continues to gain traction to date.
The tweet offered condolences to the cryptocurrency billionaire: “Mark Cuban has been our early investor. We are grateful for all the advice and connections he gave us along the way.”
What is Book.io?
Book.io is a multi-chain Web3 marketplace for buying, reading and selling decentralized eBooks and Audiobooks. It uses proprietary Decentralized Encrypted Assets (DEAs) technology to ensure continuous protection and protection of various media types in the blockchain industry. The company’s vision includes creating an e-book and audiobook marketplace, mobile reading apps, and a publishing portal for independent authors.
In September 2022, Book.io announced a collaboration with Ingram Content Group, highlighting their joint efforts to pioneer new supply chain models for e-book distribution. He said this partnership will benefit from Blockchain technologies, Web 3.0 and innovative commercialization models based on NFTs.
The aim of the collaboration was to chain ebooks and audiobooks so that readers actually own the digital books they buy, and foster a secondary digital market where publishers and authors can earn royalties and interact directly with readers.
revenue stream
Within 60 days of launching the blockchain service platform and eReader dApp, Book.io generated over $250,000 in net sales revenue and continues to receive daily royalties from secondary market sales, with individual collection eBooks selling over $4,000 each. is doing. Book.io is in talks with several major publishers and authors and is planning titles for release this fall.
Why did Cuban choose it?
On April 12, Book.io confirmed on Twitter that billionaire Mark Cuban is one of its first investors, as announced on The Bad Crypto Podcast earlier that day.
With Cuban’s involvement as an early investor, valuable guidance and connections, Book.io is poised to make a huge impact in the e-book industry. This indicates that Cuban, which has stepped into the pharmaceutical industry in recent months, is preparing new investments for a digital market.
Other cryptocurrency projects Cuban has invested in cryptocoin.comWe have included it in this article.
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