Nomadic Matt sold out all 1000 BOOK tokens during the first ever "Initial Book Offering" or Book ICO held on the Publica.com platform.
History was made on the 20th of June as Matthew Kepnes, a.k.a “Nomadic Matt”, a bestselling author from the USA, succesfully completed his Book ICO. Matt was the first author ever to pre-sell his upcoming book “Backpacker’s Guide to Europe” as ERC20 tokens.
More on Book ICO
Nomadic Matt’s campaign landing page was launched on May 23 and the Initial Book Coin Offering was open until the 20th of June. One Book token is representing and grants access to one digital copy of the book. The cost of “Backpacker’s Guide to Europe” was 10.00 USD per one BOOK token.
Only 1,000 BOOK tokens were available during the Book ICO. Readers contributed using PBL tokens (the Publica platform's native currency) and received the token instantly. Using this token readers will be able to read the book in Publica’s e-reader app (serving double-duty as an e-reader and cryptocurrency wallet).
Readers can give away BOOK tokens and trade them or gift them to friends, since every BOOK token is an Ethereum ERC20 token.
About Publica
Publica.com is an evolutionary publishing platform using blockchain and cryptocurrency technology to innovate in how books are funded, distributed, bought, and read.
Publica’s blockchain technology makes it easier for authors to pre-sell or raise funding for their books, choose their own business model, keep their creative freedom, and their direct-selling revenue.
Publica introduced its e-reader app in May at the London Book Fair and became the first company to tokenize books on the blockchain.
Nomadic Matt
Matthew Kepnes runs the award winning budget travel site - nomadicmatt.com. After a trip to Thailand in 2005, Matthew decided to quit his job, finish his MBA and head off into the world. His original trip was supposed to last a year. Over seven years later, he is still out exploring and roaming the world. He’s scuba dived in Fiji, was a poker player in Amsterdam, taught English in Thailand, got lost in a jungle in Central America, and broke down in the middle of Australia’s outback.