NFT e-book company Book.io receives investment from Bertelsmann subsidiary BDMI
ChainCatcher news, NFT e-book company Book.io announced the completion of a new round of financing, with the investor being BDMI, a subsidiary of Bertelsmann. The specific amount has not been disclosed. Book.io CEO Joshua Stone stated that in addition to receiving financial support, they will also establish a partnership with BDMI to expand innovative products beyond NFT e-books, such as audiobooks and other types of digital media.
Book.io began selling books on July 20, 2022, and the total sales in the secondary market have exceeded $500,000, with individual collectible e-books priced over $4,000. (source link)
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