How Do Premium Articles Work
Premium Articles allow writers within a Publication to create NFT-gated articles.
If writers so desire, a paywall feature will be made available for them to use. Nuance will enable writers to mint articles as NFTs. These will be sold through Nuance initially and then traded on popular marketplaces. This provides a unique difference to the paywall approach: Imagine a project you follow makes a major transformative announcement or author you follow writes a unique story. They may post this as a Premium article (NFT), enabling readers to both support the project and own a piece of news.
In a nutshell, a writer can create a cryptographically secure limited edition article where there can never be any more copies, can never be edited and never be taken down.
When a writer within a publication publishes an article, they can choose to publish it as a Premium Article. This creates an NFT-gated paywall for the article. To preserve the state of the NFT an article published as Premium cannot be edited.
When publishing as a Premium Article the volume and price of the NFT need to be specified. This is explained on next section.
When a reader navigates to the Premium Article they will encounter a paywall and can choose to buy the NFT to gain access to the article.
The NFT is free to be sold on the secondary market. Only wallets containing the NFT will be able to access the corresponding article.
Disclaimer: Please be aware that the usage of the premium article (NFT article) system is subject to legal regulations regarding cryptocurrencies and digital assets in your respective jurisdiction. It is your responsibility to understand and comply with local laws before engaging with the premium article (NFT article) system.
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