Authorship is a blockchain technology that aims to make the internet more free and accessible for authors and readers. Find out how it works today in our Authorship review.
What Is Authorship?
Authorship is a blockchain-based platform found online at Authorship.com. The goal of the platform, according to the official website, is to make the internet “more free and accessible for authors and readers”. The platform also sees itself as “a step towards decentralization of the internet.”
The Authorship token sale is scheduled for the middle of August. The company will release ATS tokens throughout the ICO.
The basic idea of Authorship is to connect publishers, writers, and translators together through one single platform. Authors can market their work to publishers; publishers can access a diverse network of authors; and translators can earn money in exchange for their language skills. Meanwhile, readers can access the platform to purchase books in exchange for ATS tokens.
Authorship’s development started in March 2017. The company is hoping for a full release by June 2018, with 25,000 authors expected on the platform by December 2018.
How Does Authorship Work?
Authorship describes itself as “the one stop solution to all the problems of” four groups of people who lie at the center of the writing and publishing worlds: authors, publishers, translators, and readers.
With Authorship, all four of these parties can connect with each other to share and exchange services.
Here’s how it works for each party involved in the process:
Let’s say you’re a good writer working on your first work. Just as you’re finishing the book, you’re overwhelmed by the fear of remaining undiscovered, dealing with competition, not selling your book, and finding a publisher. Authorship solves these problems by guaranteeing authors a fixed monthly income, offering a range of different publishers, giving authors 90% royalties through digital sales and 50% royalties through print sales, and making translators available in several languages to further the author’s exposure and earnings.
On the publisher side of things, let’s say you’re a small publishing house. Publishers are struggling to keep up with the sudden disappearance of local book retailers and the decreasing shelf space, changing readership trends, declining sales, and increasing cost of publishing. Authorship solves a publisher’s problems by allowing small publishers to compete with larger publishing houses, regardless of their size, history, or experience. Publishers get guaranteed earnings through Authorship as soon as they print a book. Writers, readers, and translators are available through the Authorship platform, which means the publisher doesn’t need to go hunt for better publishing opportunities.
Let’s say you’re a translator who can speak multiple languages. You want to make use of your language skills. You use Authorship to connect with publishers. You can choose the popular books you wish to translate, then receive earnings every time one of those books sells. A translator can easily find work through Authorship while also increasing his or her popularity.
What Problems Does Authorship Seek To Solve?
Authorship aims to improve the plight of authors, publishers, translators, and readers. Here are some of the problems the platform seeks to solve:
- Getting the book published
- The long process between publication and launch (18 to 24 months for traditional publishers)
- Inefficient distribution
- Being discovered by readers
- Unsold books
- Authors receive 6 to 10% of the net amount
- The fear of selling a book to publishers
- Dealing with increasing competition
- Overall, Authorship aims to solve “all the issues authors face.”
Authorship Token Sale
Authorship’s token sale will see the release of ATS tokens, which are based on the ERC20 standard and the Ethereum blockchain.
ATS tokens will fuel the Authorship platform. Publishers, writers, and translators are rewarded with ATS tokens, while readers can spend ATS tokens on books.
Authorship’s ICO comes with a cap of 100 million tokens, or $15 million USD. All of the tokens will be released in one sale: there won’t be a follow-up sale.
The sale is scheduled for August 15 and will last for one month. You can contribute using ETH.
Who’s Behind Authorship?
The project design for Authorship began in March 2017. The beta will be further tested throughout November, with the beta project launching on January 1, 2018, and the full public release scheduled for June 2018. By December 1, 2018, Authorship hopes to have 25,000 authors enrolled on the platform.
Authorship is led by CEO N. Warfield, who is also the CEO of SeriousReading.com, an author’s marketing agency, and a book store owner. Other key members include P. Coman (Chief Development Officer), the CEO of a writers agency called DotWriter.
The company is based in Cockeysville, Maryland, USA.
Authorship is a writing, publishing, and translating platform that aims to bring three key members of the industry onto one platform where they can collaborate while enjoying lower fees, better exposure, and a more efficient publishing experience. At the same time, readers can access the platform to purchase books.
The Authorship ecosystem revolves around ATS tokens, which will be available for sale between August 15 and September 15.
You can learn more about Authorship by visiting the company online today at Authorship.com.