Literature has an originals problem. The art market is built on trading originals, but the book market is built on trading prints.
But why should you care?
Not least because 'story' is the operating system by which human beings update their conceptual understanding of the world - but also because the technology of blockchain has the power to unlock an economic layer for publishing that does not exist with traditional publishing or standard digital releases.
Some figures:
The global art market is valued at $61.5 billion, and currently $2.6 billion in art NFTs and growing. The global book market is valued at $138.35 billion, using the same percentage (4%), we can estimate that the literary NFT market is worth at least $5.5 billion.
In 2021, Arch Hades sold the world's most expensive poem as an NFT at Christie's in New York, the sale totaled $525,000. While this is not indicative of all sales, it demonstrates that positioning literature as fine art and giving it provenance, allows it to accrue value in the way art does when split into originals and prints.
HYPERREAL plans to tap into this market by building a first-in-class platform that utilizes the technology of NFTs and blockchain to reintroduce the idea of originals into literature, by separating books and the pages they're comprised of into independent economic and software layers.
We're looking for investors in the Web3 space to join us on this journey and help us re-frame the page forever.
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Yes Anthenaeum is supported on Ethereum Mainnet.
Anthenaeum token is supported by following blockchains: Ethereum Mainnet
Anthenaeum is Literature has an originals problem. The art market is built on trading originals, but the book market is built on trading prints. But why should you care? Not least because 'story' is the operating system by which human beings update their conceptual understanding of the world - but also because the technology of blockchain has the power to unlock an economic layer for publishing that does not exist with traditional publishing or standard digital releases. Some figures: The global art market is valued at $61.5 billion, and currently $2.6 billion in art NFTs and growing. The global book market is valued at $138.35 billion, using the same percentage (4%), we can estimate that the literary NFT market is worth at least $5.5 billion. In 2021, Arch Hades sold the world's most expensive poem as an NFT at Christie's in New York, the sale totaled $525,000. While this is not indicative of all sales, it demonstrates that positioning literature as fine art and giving it provenance, allows it to accrue value in the way art does when split into originals and prints. HYPERREAL plans to tap into this market by building a first-in-class platform that utilizes the technology of NFTs and blockchain to reintroduce the idea of originals into literature, by separating books and the pages they're comprised of into independent economic and software layers. We're looking for investors in the Web3 space to join us on this journey and help us re-frame the page forever.. Anthenaeum's native token is Anthenaeum. Anthenaeum token is supported by following blockchains: Ethereum Mainnet.