This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.
The publishing industry has been negatively affected by new technologies, including the internet itself. While we have everything at our fingertips nowadays, there’s a difference between knowledge and information, and most of what we get on our feeds is just information.
There is no simple, meaningful, productive platform that encourages book readers and authors to connect, share ideas, learn from each other, and gain knowledge. Nowadays, it’s hard for readers to socialize with each other, and for authors to get real-time feedback on their work.
Moreover, the industry is plagued by publishing companies who limit authors by editing their work, who retain rights, and take a large share of the earnings. Publishers have essentially become middlemen who hold monetary and legal power. Self-publishing isn’t an option for most authors as it requires a lot of initial capital, and some end up leaving the industry to make a living elsewhere.
Enter the Gilgamesh Platform, a knowledge-sharing social platform powered by blockchain technology and Ethereum smart contracts, that provides its users a simple experience, encouraging authors, readers, and critics to engage and connect with each other, while gaining knowledge.
Disrupting the Publishing Industry
The Gilgamesh platform is essentially an open market in which users can socialize, find, buy, review, and discuss books. This gives them direct influence over the publishing industry, and allows authors to publish their work directly, giving them full control of their own work.
Through a social app that connects readers, authors, and other knowledge people, there’s an incentive to discuss specific chapters, books, and ideas, effectively allowing users to become more knowledgeable and incentivizing them to read more books and embrace new points of view
The platform also creates an ecosystem that helps service providers aid authors. To do this, it introduces a marketplace of service providers that can get paid for their work. Book cover designers, proofreaders, copy editors, and translators, for example, are all a part of the marketplace.
On the Gilgamesh Platform, authors will be able to browse service providers by rating, type, and fee. Given that they won’t need to partner with publishers to get their books out there, they’ll see higher returns on their work and will be motivated to keep on writing amazing books.
With the use of blockchain technology, the Gilgamesh platform encrypts and stores book contents on IPFS and Ethereum smart contracts, and adds governance to its platform with the use of its own Ethereum-based token, the GIL token.
The GIL token is the platform’s currency: it can be used to buy books and ebooks, purchase services from service providers, and to govern the Gilgamesh Platform, as token holders will be able to vote on changes that are to be applied to the platform. Users who meaningfully engage with the platform – by writing a book review, for example – will be rewarded with GIL tokens.
GIL tokens will be distributed through a public token sale that will soon be announced. To keep up with the project make sure you follow it on Facebook, Twitter, and Medium. You can also join the conversation on Reddit or on Telegram.Follow us on Telegram or subscribe to our newsletter here.
• Join CCN's crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from Hacked.com? Click here.
• Open Positions at CCN: Full Time and Part Time Journalists Wanted.