A Novel as an NFT: Elle Griffin and the Author's Challenge | HackerNoon

so I wrote that, published it the next week, minted it as an NFT, and airdropped it to that backer.

Now I get that the tokens function kind of like a stock share in that the number you have compared with the total number that exists dictates what percentage of something you own. Right now I have four backers, two with 250 $COTT, one with nine $COTT, and one with five. That means two people own 48 percent of the book and two people own 1 percent. If another person buys an NFT for 0.25 ETH and 250 $COTT, then each person will own a smaller percentage of the book, and those numbers will change.

As far as finding readers—both options are a gamble. As I mentioned, publishing with a Big Five publishing house is no guarantee that a book will sell more than 1,000 copies. Similarly, publishing an NFT novel is no guarantee people will read it on the internet. At the end of the day, it's still up to the author to market themselves and find readers.

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