By monetizing their content instantly, the project shows children’s book authors that they can fund printing and direct-to-consumer distribution without relying on traditional publishing.
Hamden, Connecticut, October 27, 2022 /PR Newswire/ — Cruickshank & WallaceIndependent publisher today announced the first-ever NFT project to fund new children’s books to empower creators and make new stories more accessible to younger readers. Using NFTs to fund printing and distribution frees a children’s book author from her dependence on one-for-one sales and royalties from traditional publishers. This gives children’s book authors another revenue stream while expanding their reach. Most importantly, this new publishing model using NFT funding will allow authors and owners to support literacy by donating children’s books to public libraries and charities.
This comes at a time when the rise of the creator economy coincides with a growing literacy crisis among school children in the United States. Early deterioration of reading comprehension“We know that the exorbitant cost of publishing a book and industry controls over the process limit the number of new stories and voices that young readers can access. We are here to change.” Cruickshank & Wallace Founder and CEO Ralph CosentinoBy unlocking the benefits of NFTs and applying them to the children’s book industry, this project is reimagining publishing in the Web3 world.
Unlike the traditional publishing route, where the revenue from the book depends on the publisher’s ability to sell the book,i am frankenstein’s monsterMost importantly, this new model of using NFTs to fund children’s books will allow authors and buyers to donate their books to literacy programs and public libraries. When their funds are being thinned.
Cruikshank & Wallace partners with two leading charities for literacy. project night night When from leader to leader Donate thousands of books so that every child has the opportunity to read and have a magical experience!
About Cruikshank & Wallace
Cruickshank & Wallace is an independent media company focused on kid-centric content and brands located at the intersection of Web2 and Web3.Founded in 2022 by Ralph Cosentinois a children’s book author and illustrator with 15 years of experience in the publishing industry, working with Cartoon Network, Warner Bros. and Hallmark. Ralph develops and sells a line of books and toys and monetizes his IP through licensing and entertainment. Based on his Honk Honk Ashu at the Target store IP. His recent work includes kitty corn As an animated series based on his books published by Inside Editions and Scholastic, toy lines are available at GameStop, Target and Claire’s. He is currently developing his IP for another of his books. peanut bear, as an animated series.Ralph’s representative striker entertainment.
Source: Cruickshank & Wallace