Overview
What is Knovel Protocol?
Knovel Protocol is a web3 literary platform that is designed to make the publishing process more accessible and friendly to authors, while also providing a large resource for readers to engage with and support their favorite authors.
The average income for full-time authors has fallen by more than 60% in the last 16 years as a result of bad industry publishing practices, piracy, increased marketing costs, and, especially for newly minted authors looking to break into the industry, a general lack of visibility. Knovel aims to fix this and add value to digital publishing by improving the readers' experience and making the system more equitable for authors.
Some of our key features which aim to do this include:
Author Fair Share
With the use of smart contracts, we can automate royalty payments directly to authors and employ tokenized incentives within the community so that authors are able to publish content at will and get compensated immediately ensuring transparent and timely payments.
Reward Your Authors
Tokenization and Incentives not only benefts authors but it fosters a community-driven platform where readers and authors can interact directly, building a loyal readership and facilitating word-of-mouth marketing. This symbiotic relationship allows readers to get involved in the development process and incentivize their favorite authors without the interference of giant intermediary publishing companies.
Digital First Editions
The nature of blockchain technology allows for the implementation of digital rights management protecting authors' works from unauthorized use or piracy.
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