Authorship is a decentralized platform that aims to bring authors, publishers, translators, and readers together.^[1]  It is built on the Ethereum Blockchain.

Through the platform, authors have the ability to get their books published, publishers can easily locate authors who want to get their books published, translators can find popular books and translate them into different languages, and readers can access and buy a plethora of literary treasures in one location.^[2]

Impetus

Authorship is a project that aims to change the essence of book publishing industry by changing the way it functions. It is going to be a website platform for all the authors, readers, publishers and translators where they cannot only interact with each other but can also offer and avail of different services.^[3] To resolve the problems and challenges of the traditional book publishing industry that mainly affect authors, the platform will make authors take charge of their work and not give in to publishers’ unjust policies. Also, the registered authors will be able to present their works for sale to readers from all over the world.^[4]  In addition to this, Authorship will bring a host of opportunities for publishers and translators as well.  Once launched, Authorship might become a platform that facilitates and promotes the literary community across the globe.^[5]

Initial Coin Offering

Authorship has raised close to $2 million in the first 3 weeks of their ICO. They may raise up to $7 million by the end of their ICO.  Only 80% of the total coins are being offered. None are being given to the developers of the coin, to prevent a conflict of interest.

Authors receive 90% royalties for their Ebooks and 50% royalties for their printed books.