Report: “Pearson Plans to Sell Its Textbooks as NFTs”

From The Guardian:

Textbook publisher Pearson plans to profit from secondhand sales by turning its titles into non-fungible tokens (NFTs), its chief executive has said.

Educational books are often sold more than once, since students sell study resources they no longer require. Publishers have not previously been able to make any money from secondhand sales, but the rise of digital textbooks has created an opportunity for companies to benefit.

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Selling books as NFTs is not an enitrely new concept, although it has yet to take off in the same way that the visual art NFT market has.

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Filed under: Companies (Publishers/Vendors), News, Publishing