Textbook Supplier to Use NFTs to Track Secondary Sales

UK scholarly textbook publishers to effectively shrink the secondary market pearson seeks to leverage NFTs to track sales of digital textbooks.

By attaching NFTs to digital textbooks, the company essentially becomes involved in every transaction the book goes through, regardless of how many times the book is in virtual hands.By doing so, the company Verification power Utilizing blockchain technology, the company has previously seen unseen revenue from student-to-student secondary sales.

According to the company’s CEO Andy Bird, Pearson’s textbooks Up to 7 resale So, all in all, the implementation of NFT technology will provide companies with new (and relatively small) revenue streams that could represent a significant portion of their profits.

Vague for now, Bird also communicated the company’s interest in entering the metaverse: “We have a whole team working on the impact of the metaverse and what it means for us.”

In doing so, book publishers join a growing cohort of academic institutions, such as the University of Tokyo, who are considering using Web3 to improve the standards of their educational services.

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