Jointly-owned Copyrights

This is interesting: Several startups believe that web3 technologies will upend how authors make a living—and how we define who owns a story.

What if you could own a stake in Harry Potter?


What if the book series functioned like a publicly traded company where individuals could “buy stock” in it, and as the franchise grows, those “stocks” become more valuable? If this were the case, someone who purchased just three percent of Harry Potter back when there was only one book would be a billionaire now.


Just imagine how that would affect the reading experience. Suddenly a trip to Barnes & Noble becomes an investment opportunity. Early readers could spot “the next big thing” and make a $100 contribution that becomes $10,000 or even $100,000 if the book’s popularity grows. If readers could own a percentage of the franchise, they might then be incentivized to help that book succeed. They could start a TikTok account to promote the book via BookTok, or use their talents as filmmakers to adapt it to the screen. All of this stands to increase the value of their original investment.

Esquire: The Crypto Revolution Wants to Reimagine Books

Also, here’s a Bad Robot! video of the day:

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