Warning: unlink(/tmp/jnewslibrary-ErL92r.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
Time Releases First-Ever Full Magazine Issue as an NFT | Coinparative
Coinparative

  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀
No Result
View All Result
  • About Us
  • Contact
  • jeet-detector-bot
    JDB(JDB)
    $0.00-0.61%
  • bitcoin
    Bitcoin(BTC)
    $0.00-0.21%
  • ethereum
    Ethereum(ETH)
    $0.000.490%
  • usdex-stablecoin
    USDEX(USDEX)
    $0.00-0.53%
  • tether
    Tether(USDT)
    $0.000.020%
  • usd-coin
    USD Coin(USDC)
    $0.000.150%
  • binancecoin
    BNB(BNB)
    $0.000.750%
  • ripple
    XRP(XRP)
    $0.001.02%
  • binance-usd
    Binance USD(BUSD)
    $0.000.030%
  • cardano
    Cardano(ADA)
    $0.001.87%
  • dogecoin
    Dogecoin(DOGE)
    $0.005.48%
  • matic-network
    Polygon(MATIC)
    $0.00-0.43%
  • okb
    OKB(OKB)
    $0.000.0100%
  • solana
    Solana(SOL)
    $0.00-1.20%
  • staked-ether
    Lido Staked Ether(STETH)
    $0.000.220%
  • polkadot
    Polkadot(DOT)
    $0.00-0.32%
  • shiba-inu
    Shiba Inu(SHIB)
    $0.001.50%
  • litecoin
    Litecoin(LTC)
    $0.002.06%
  • avalanche-2
    Avalanche(AVAX)
    $0.00-3.88%
  • tron
    TRON(TRX)
    $0.00-0.90%
View All
Coinparative
Home News

Time Releases First-Ever Full Magazine Issue as an NFT

March 21, 2022
in News
250 2
A A
0
Time Releases First-Ever Full Magazine Issue as an NFT
Share on FacebookShare on Twitter

Today (March 18), Time announced the release of a full magazine issue that will be available as an NFT. This latest endeavor from the legacy publication will mark the first time any digital or print publication has released an entire issue on the blockchain.

Over the past year, Time has grown increasingly involved in the NFT ecosystem. In September of 2021, it launched an NFT collection called TIMEPieces, featuring original artwork from more than 40 artists. Shortly after, it named teenage NFT sensation Nylah Hayes as its first artist in residence. Since then, the TIMEPieces NFT initiative has become a staple of the NFT community.

In line with TIMEPieces’ digitally native nature, the issue will feature a cover story on Ethereum co-founder Vitalik Buterin.

In a press release, Keith A. Grossman, President at Time, outlined the significance of the move and its value to members of the TIMEPieces community. “As Time continues to push the boundaries as to what is possible within the web3 ecosystem, producing the first-ever full magazine on the blockchain seemed like a natural extension for our brand, and we knew this issue, in particular, would be cherished by our community,” he said.

The NFT was created in partnership with the LITDAO and will be airdropped to select TIMEPiece holders and genesis LIT community wallet holders. The issue will be hosted through a decentralized protocol that — similar to LITDAO’s inaugural NFT — will allow holders to read the magazine in its entirety as an interactive NFT.

It was also announced today that Time hired its first-ever VP of web3 Operations, Will Ban. Ban is making the jump from Artsy, an online art brokerage that develops and hosts websites for numerous galleries. And he will focus on operationalizing the publication’s Web3 vision.

In an interview with nft now discussing the announcements, Grossman stated that the publication hopes to “push the boundaries as to where we can provide unique opportunities and value to our consumers.”

He continued by noting that the team was inspired to create this project as a result of the success they saw with the airdrop of Foto Vault, the first-ever Photobook published to the blockchain. “In this instance, we figured publishing the first-ever, interactive issue of a magazine to the blockchain – not to mention, one that features Vitalik Buterin on the cover and within the issue – would be a special treat to those dedicated community members who own all of our Signature collections,” he said.

To date, TIME’s web3 initiatives have generated more than $10 million in revenue and helped them create a community of over 25,000 artists, collectors, and NFT enthusiasts.

Image credit: Time/nft now

Source: NFT Now

Share196Tweet123Share34Pin44ShareSend

Related Articles

DOGE Hits 8-Week High as Meme Coins Rally on Tuesday – Market Updates Bitcoin News
News

DOGE Hits 8-Week High as Meme Coins Rally on Tuesday – Market Updates Bitcoin News

January 31, 2023
1.4k
BitiCodes Review – Scam or Legit Crypto Software?
News

BitiCodes Review – Scam or Legit Crypto Software?

January 31, 2023
1.4k
Mango Markets Exploiter Thought a DAO Protected Him. Then US Courts Showed Up
News

Mango Markets Exploiter Thought a DAO Protected Him. Then US Courts Showed Up

January 31, 2023
1.4k
Addressable raises $7.5M to enable Web3 companies to acquire users at scale
News

Addressable raises $7.5M to enable Web3 companies to acquire users at scale

January 31, 2023
1.4k
South America-based exchange volume continues positive trajectory
Blockchain News

South America-based exchange volume continues positive trajectory

January 31, 2023
1.4k
Ethereum staking withdrawal testnet Zhejiang to go online Feb. 1
News

Ethereum staking withdrawal testnet Zhejiang to go online Feb. 1

January 31, 2023
1.4k
Load More

Discussion about this post

Coinparative

2022 © All Rights Reserved.

Coinparative specializes in the digital News and research on cryptocurrency, Digital Assets and Blockchain

  • Advertise
  • Privacy Policy
  • Terms
  • About Us
  • Contact

Follow Us

No Result
View All Result
  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀

2022 © All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Warning: unlink(/tmp/jnewsfirstload-DaXKjQ.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142