Interested in Selling Digital Products on Crypto to a Larger Audiences than One?

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Avatar for wabinab
2 years ago

This is a proposal, and comment below on your interest or just general feedback, whether you think it'll work or not, before one decide whether to try out an MVP or not.

Goal: To create a (baby) platform like Gumroad but with two differences:

  • Uses semi-fungible tokens (SFTs) to sell knowledge and digital products. Basically, there are lots of NFT marketplace to sell arts, musics, etc. But we intended to sell objects that share with more than a single person. (If you are to sell NFTs, please go to NFT marketplace instead).

  • Payment in crypto (take advantage of barrierless payment to anywhere that have internet).

Let's start.

How it works

With semi-fungible tokens or fractionalized NFTs (F-NFTs), we can create an artwork (a music, a book, an information) that shares with many people. Previously, this is selling for unlimited copies, as long as anyone have it, we print it. Here, we also consider selling unlimited copies (if the author wants); but they can choose to sell limited copies (multiple copies of the same object) either by cloning an NFT or a single NFT that can buyers buy a percentage of it. Percentage if fixed. The NFT is only a key to access the information.

So the three tiers:

  • NFTs (single copy only) (e.g. you create a wedding anniversary photo, and only hold by your spouse)

  • SFTs (limited copies) (useful for knowledge, music, etc where you want to share it with small group of people)

  • Usual stuff (unlimited copies. We have that nowadays, from amazon, etc. Anyone could buy it. Nothing related to web3 except payment in crypto: so it really becomes "anyone" and not only limited to 200+ countries.

Why am one trying to make this?

Lots of knowledge are free nowadays. We have the internet and people share stuffs online. But that should not restrict people from selling their expertise to others! After all, the saying "you should share your knowledge open to everyone" is stupid, especially if the author is on the verge of dying from hunger because he/she didn't earn anything to pay for food, shelter, etc. It takes away job positions. It's like telling: teachers don't need to get paid, they should instead share their knowledge for free.

But we are not in empire age anymore. Knowledge should not be restricted for the few. It should be open to all. If you (the author) are scared of sharing your knowledge with everyone, but you still want to sell it, consider creating a limit to how many people can simultaneously hold your knowledge at the same time (ignoring that people whom read your book and re-sell the SFT or F-NFT share also holds your expertise). For other knowledge like books that targets everyone, selling it for an affordable price (like $1 or even $0.5) works (everyone including very poor countries where children needs textbooks. Imagine a fractionalized NFT where one classroom can just buy the NFT and "share" it with the whole class, each holding a fraction of the NFT, hence can access the whole book for all shareholders).

Current Target

Just books at the moment. Nothing else. ISBN? Who cares about that, man, as long as your knowledge is spreaded to whom you want to spread it to. No more ISBN: just (NFT/SFT's) token ID.

Conclusion

So, guys, anyone interested in this kind of stuffs? Do you think it's marketable? For content creators, can you give a reason why you prefer to sell to only one single person (except for art creators like Mona Lisa drawing which should be one and only one) rather than to more people? Comments below and let me know!

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(this article might be updated from time to time, so consider re-reading if you notice something changes/something doesn't meet what you read earlier).

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Avatar for wabinab
2 years ago

Comments

Great. That's a nice approach. I really loved it. By the way, I see that you published it 2days ago but I couldn't read it because I was not feeling well( especially yesterday) but now I am pretty much fine and Glad that you are still writing. Good work Stay happy, Stay blessed

$ 0.00
2 years ago

Hahah thanks for the feedback. No worries, sometimes I also don't immediately read articles (and wait a few days) if there are other stuffs to focus on. Great to hear you're feeling well again.

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2 years ago

I have had a couple of people made handsome rewards in cash selling just photos by minting NFT . That news got me curious and ever since, I have been on the look out to get any useful piece of information to help me go about it. And you article is just one very informative piece I have found so far.

$ 0.00
2 years ago

Hahah thanks for the feedback. Yes, photos, (some) music, game NFTs, drawings (arts), can be sold with NFTs. I'm not sure about interest in selling books as they don't make sense selling to a single person, but can't find anything popular in the cryptosphere, so am writing this article to check for interests. :)

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2 years ago