Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The New York Times sells one of its columns as an NFT

Published 03/26/2021, 09:20 AM
Updated 03/26/2021, 09:30 AM
The New York Times sells one of its columns as an NFT

The New York Times sells one of its columns as an NFT

After turning one of its columns into a non-fungible token (NFT) a few days ago, The New York Times has netted over $570,000 in ETH from the sale.

NYT tech columnist Kevin Roose had earlier tweeted about the initiative. He asserted that journalists were free to join the NFT party.

The auction took place on NFT marketplace Foundation. It ended yesterday afternoon, eventually selling for 350 ETH – equivalent to $572,000 at current prices. The winning bidder was Foundation user @3fmusic.

Roose explained that the proceeds of the sale will be channeled to Neediest Cases Fund. The fund was created by the newspaper giant to support social causes in New York and other cities. Although the buyer can choose to stay anonymous, there is an option to feature him/her in a follow-up article.

The Times has joined the list of publications cashing in on the NFT boom. These unique tokens are proof of ownership linked to a piece of art or creative work. Twitter’s CEO recently sold the first-ever tweet as an NFT for $2.9 million.

Meanwhile, bidding is currently ongoing for three issue covers from TIME Magazine.

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.