Whitepaper for NFT Book Vault:
1. NFT Book Vault, where creativity meets community
- Mission
- Vision
- Target audience
- Project pillars
- NFT types
- Expected benefits
2. Building a collaborative publishing ecosystem
- Blockchain platform
- Collection function
- Features and functionalities
3. Fueling creativity and growth
- Token usage
- Glyphium point system
- NFT pricing
- Distribution
- Revenue allocation
- Engaging activities and rewards
- Beyond the basics
1. NFT Book Vault, Where Creativity Meets Community
Mission:
Vision:
Target Audience:
- Creators: Aspiring and established authors, artists, and storytellers seeking to publish their works and connect with a supportive community.
- Collectors: Enthusiasts of books, art, and NFTs looking for unique and exclusive content, community engagement, and investment opportunities.
- Readers: Passionate individuals seeking diverse content, interactive storytelling experiences, and the excitement of owning a piece of literary history through NFTs.
- Learners: Curious explorers ready to embark on a creative journey! Whether you're a budding writer with a story waiting to be told, an aspiring artist yearning to showcase your talent, or simply someone eager to understand the exciting world of NFTs, DeFi, and blockchain.
Project Pillars:
-Community-Driven Publishing: Empowering creators to publish fiction and non-fiction works as NFTs, leveraging community feedback and support for curation and promotion.
- Innovative NFT Integration: Blending storytelling with NFTs through short stories, standalone pieces, and serialized narratives, offering unique ownership experiences.
- Vibrant Community Platform: Providing tools and spaces for creators and collectors to connect, collaborate, share ideas, and participate in community-driven initiatives.
- Accessible & Secure Platform: Utilizing a user-friendly interface and secure WAX blockchain technology to ensure seamless interactions and ownership transparency.
NFT Types:
- Short stories: Individual NFT ownership of complete stories.
- Chapter NFTs: Series-based stories where each chapter is an NFT, offering ownership and engagement throughout the narrative.
- Educational NFTs: Own your education: Possess a unique NFT representing your chosen learning path, whether it's mastering DeFi strategies, navigating the NFT landscape, or unlocking personal growth potential.
- Art NFTs: Standalone or story-linked artwork associated with the published pieces, offering additional collectible value.
- Glyph NFTs: The project will introduce "Glyphium" NFTs. These represent a loyalty and reward system, available in 1, 5, and 10 Glyph denominations.
- Book Vault Tycoon NFTs: Under “Book Vault Tycoon” we will be creating a challenging gaming aspect for the collection (launching in September 2024).
Expected Benefits:
Creators:
• Distribution, and monetization opportunities for their works.
• Community support.
• Feedback.
Collectors:
• Own unique pieces of literature and art.
• Participate in an engaged community.
• Participate in contests in the area of Art and Books.
• Potentially benefit from NFT value appreciation.
Readers:
• Experience storytelling.
• Connect with authors and artists.
• Own a piece of literary history.
Learners:
- Unlock your potential: Refine your skills through workshops, tutorials, and community interactions. Learn from established creators and industry experts in diverse fields like DeFi, NFTs, and beyond.
2. Building a Collaborative Publishing Ecosystem
Blockchain Platform:
The NFT Book Vault collection will leverage the WAX blockchain for its NFT functionality. This choice prioritizes speed, affordability, and user-friendliness, aligning with the community-driven nature of the project. WAX's fast transaction times and minimal fees ensure a smooth and accessible experience for creators and collectors alike.
Collection Function:
The NFT Book Vault Collection will function as a multifaceted ecosystem encompassing:
- NFT Collection: Situated under the NFTHive and Atomic Hub marketplaces, the collection will showcase published works and facilitate NFT sales and trading.
- Community Hub: Discord will serve as the central community platform, fostering connection, collaboration, and idea sharing through dedicated channels and activities.
- Publishing Portal: Writers will be able to utilize Discord to submit their works, and interact with the community.
- Book Vault Tycoon NFTs: Community members will be challenged to complete tasks, in order to be rewarded special NFTs (launching in September 2024).
Features and Functionalities:
To empower creators and engage the community, the collection will offer:
- Seamless NFT Publishing: A streamlined process for authors to convert their works into NFTs, set flexible pricing, and manage ownership records (this will be done case by case).
- Community Curation: Implement mechanisms for community feedback and voting to curate promising stories and support emerging talents.
- Social Engagement: Facilitate discussions, contests, and collaborative workshops within the Discord community to foster collaboration and shared creativity.
3. Fueling Creativity and Growth
Token Usage:
WAX will be the primary token for all transactions within the platform, including NFT purchases, community activities, and future potential functionalities (In the future we may decide to create our own token).
Glyphium Point System:
The project has created "Glyphium" NFTs. These represent a loyalty and reward system, and will be available in 1, 5, and 10 Glyph denominations.
Glyphium can be earned through various activities: participating in the community, creating high-quality content, or winning contests.
In the future, Glyphium will be redeemable for:
- Exclusive art and book NFTs: Access limited-edition artwork or early releases of popular stories.
- Special PFP cards: Own unique profile picture NFTs within the community platform.
- Discounts and benefits: Gain access to exclusive discounts on platform fees or participate in special events.
NFT Pricing:
Standard 15/30-page book NFTs will be priced at 10 WAX each. This ensures accessibility for the community while offering creators fair compensation. (Other options can be agreed upon)
NFT pricing for art and PFP cards can vary based on artist reputation, rarity, and other factors. Creators will have flexibility in setting prices for their works. (Agreements can be made on a case by case base)
Distribution:
- Primary sales: NFT Book Vault lists the NFTs directly on partnered marketplaces like NFTHive and Atomic Hub.
- Secondary sales: Collectors can trade and resell their NFTs on these marketplaces.
Revenue Allocation:
• To be announced in September 2024!!!
Engaging Activities & Rewards:
Starting in September 2024:
- Staking Pool Rewards: Providing passive income for holders of certain NFTs, incentivizing long-term ownership.
- Regular Giveaways: Creating excitement and rewarding community members through surprise NFT drops and special activities.
- Transparent Communication: Sharing investment performance, progress updates, and decision-making rationale to build trust and accountability.
Beyond the Basics:
• Collaborations: Partnering with other NFT projects and platforms to expand reach and create synergies.
• Education: Offering resources and workshops to empower the community in navigating the evolving DeFi and NFT landscape.