The co-founder of Cardano, Charles Hoskinson, has revealed his strategic investment in two platforms dedicated to decentralized publishing and media: Book.io and Stuff.io. The visionary’s idea is to support the two projects that bring the ownership of books as well as films, music, videos, podcasts, and other forms of digital media onto the blockchain.
Cardano: Hoskinson invests in Book.io and Stuff.io for decentralized publishing and media
Charles Hoskinson, co-founder of Cardano, announced a strategic investment in two platforms dedicated to decentralized publishing and media: Book.io and Stuff.io.
“Own your things! We are excited to announce our latest investor, Hoskinson Family Office! “Ownership is a fundamental right, yet in the digital world, we have allowed it to slip away,” said Charles Hoskinson (@IOHK_Charles). “When you buy a physical book, it is yours forever. You can lend it, resell it, or pass it down for generations. But with today’s digital media, it’s not the same. http://Stuff.io and http://Book.io are restoring digital property rights, and I am excited to be part of this movement.” Own your things.”
In practice, the two projects are part of a revolution that drives the decentralized ownership of content.
This investment strengthens Hoskinson’s vision of a world where digital books, media, and collectibles belong to the people who purchase them, and not to companies that can revoke access at will.
Hoskinson emphasized that the blockchain provides the tools to build a future where people, not multinationals, control their media. For the visionary, the fight for digital ownership has just begun.
Cardano and Hoskinson’s strategic investment in Book.io and Stuff.io
The investment by Hoskinson in the two blockchain projects was made through the Hoskinson Family Office, LLC (HFO), and represents a bold move to reshape the future of digital media.
In general, Book.io and Stuff.io are rewriting the rules by leveraging blockchain technology to give people permanent and transferable ownership of their digital media.
Specifically, Book.io has already made waves in the publishing sector, offering Decentralized Encrypted Assets (DEAs): an innovation that ensures books exist permanently on the chain, accessible to owners without restrictions.
Stuff.io is, instead, taking this vision beyond books, applying the same principles of ownership to music, films, videos, podcasts, and other forms of digital media. By freeing itself from restrictive digital rights management (DRM) systems, the platform allows creators and consumers to have verifiable and blockchain-supported ownership of their media.
In this regard, Joshua Stone, CEO of Book.io and Stuff.io, stated:
“This investment marks a crucial moment for us. The digital media revolution is accelerating and, as the landscape evolves at lightning speed, having the brightest minds in blockchain by our side is essential. Charles is not just a visionary, but a true pioneer, which makes him the perfect partner to help drive this movement forward.”
Among the other prominent investors in Book.io and Stuff.io are the American magnate Mark Cuban, Ingram Content Group, the largest book distributor in the world, and Bertelsmann Digital Media Investments (BDMI).
ADA in the strategic reserve of the USA
Last month, the President of the USA Donald Trump had published his post where he mentioned Cardano (ADA) along with Ripple (XRP) and Solana (SOL) among the crypto that are part of the new national strategic reserve.
What had left everyone a bit puzzled was the absence of Hoskinson from the list of participants at the Crypto Summit, which took place at the White House.
In any case, ADA is among the crypto selected directly by the USA President, while it continues to hold its 9th place in the ranking of crypto by market capitalization.
In terms of price, ADA follows the general crypto trend of bear market. In fact, compared to a month ago, the current price of ADA is in a dump of -29%.
At the time of writing, ADA is worth $0.65, far from the $1.20 surpassed last December 2024, and its ATH of nearly $3, reached in August 2021.
