Earn Crypto by reading comics? Doesn’t heaven sound true? Digital Entertainment Asset is working with Media Do to build and run a marketplace for Non-Fungible Token (NFT) for their e-books.
In return, intellectual property from the Media Do network will be used for blockchain supported games on DEA’s PlayMining platform (Digital Entertainment Asset).
Coins as a reward
But what use is this to you? Users are rewarded with DEAPcoins (DEP) for simple tasks such as playing games or reading manga strips via the service.
Media Do is the parent company of MyAnimeList, an active online community for anime and manga with an estimated 10 million North American users. The forum incorporates cryptocurrency payments into its ecosystem.
Investing in blockchain
In a press release on Wednesday, blockchain platform Digital Entertainment Asset therefore announced a collaboration with Media Do, which will allow the DEAPcoins to circulate on MyAnimeList’s platform.
Earlier this year, Media Do announced that it would invest 300 million yen (2.5 million euros) in blockchain technology over the next two years.
Sales of e-books on the rise
The distributor, which works with more than 2,000 publishers and 150 online bookshops, recorded a 20% increase in e-book sales in April. Japan, like the rest of the world, was in a state of emergency at the time due to the global COVID-19 pandemic.
The transaction history of e-books is recorded on the blockchain using tokens. Because these are NFT tokens, each token is unique, it is possible to sell used copies and refund royalties to both publishers and writers.
A part of the sales through this market of 5% to 10% will be refunded to the original rights holders.