Ok, here it is. My very first NFT experiment. As many of you may or may not know, I have been reading and researching a lot about NFT’s. If you haven’t checked out my articles on what an NFT is and why they’re important, check those out here:
Otherwise, let’s keep going!
One of the biggest platforms for selling NFT’s is called OpenSea which was recently valued at $1.5 billion! They raised $100 million in another round of investing too. So, yes, you could say NFT’s are gaining popularity.
Right now, NFT’s are very popular in art, games, and trading cards. However, the market for the written word is low and seems untapped.
This is where my little experiment comes in.
I want to start creating NFT’s for my written stories.
Some of y’all know this, but I have been working on a dystopian/post-apocalyptic novella. It is in the process of being edited and will hopefully be released in the new year! However, in the meantime, I actually have a lot of short stories ready to publish right now. To get a taste of the publishing process, I want to publish a small short-story compilation sometime in October.
This new short-story compilation is also the perfect opportunity to experiment with NFT’s.
NFT Short-Story Compilation Experiment
Presale NFT’s
I’m going to release 6 presale NFT’s before I publish the compilation. 1 NFT for each short-story in the compilation.
These NFT’s will contain an actual copy of the corresponding short-story for you to read and enjoy before the book comes out.
People can then trade or sell the NFT to others to let others enjoy the story too.
The goal here is to raise awareness of the coming book while also raising some money to help with publishing costs.
People can even try and collect all the NFT’s and read the entire compilation before anything is officially published.
When the book is published, these NFT’s will still have a purpose, so don’t lose hope! Anyone who has purchased a presale NFT (which can be verified on the public blockchain record) will have private access to exclusive copies of the book and merchandise.
I’m talking exclusive book covers, perhaps an exclusive mug to fill with coffee/hot cocoa with while you read the book, and even signed editions of the book.
You will also have first dibs on the exclusive book NFT’s that will be released, which I’ll discuss shortly.
Published NFT’s
Exclusive Book NFT’s
When the book is published, there will be a series of book NFT’s sold as well
There will be 3 tiers, Gold, Silver, and Bronze. 5 Gold will be available, 10 silver, and 20 bronze.
Each tier will come with a special physical reward too
Gold and Silver will come with an exclusive signed copy that is also certified as an NFT
Bronze will come with a free copy of the ebook with a unique cover, allowing you to resell the ebook on the used marketplace or keep it forever.
That’s the experiment in a nutshell. It might sound complicated, but I wanted to try out all my ideas. To summarize the plan:
There will be presale NFT’s that grant exclusive access to the book and merchandise, and also free sneak peeks into the book. I have already started releasing these on BitClout!
Upon publication of the book, there will be more NFT’s for sale which will grant more special editions of the book! These can also be held and traded later at a higher value if God-willing I were to become a legit author.