Home CryptoCurrency Historical moments of the CNN channel will be recorded in a collection of NFT

Historical moments of the CNN channel will be recorded in a collection of NFT

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Historical moments of the CNN channel will be recorded in a collection of NFT

The subscription television news channel, CNN, will launch at the end of June 2021 Vault by CNN: Moments That Changed Us , a collection of non-fungible tokens (NFT , for its acronym in English) minted on the Flow blockchain.

The information was released through a press release on June 16. The note explains that this NFT collection will collect the 41-year history of the channel that was founded in the United States in 1980.

These collectibles will be sold on vault.cnn, a marketplace developed for CNN’s NFTs. These collectibles will be minted as NFTs using the Flow blockchain. According to the statement, the launch will include six weekly moments of “Moments.”

Offers will include key historical moments organized around specific themes, including the first CNN exclusives, world history and the presidential elections. Users can expect future “Moments” drops to include an even broader range of digital collectible themes and formats as Vault by CNN grows and adapts to its community of collectors. .

CNN statement.

According to the press release, the highest bidder of each “Moment” will be the owner of the digital copy for collectible purposes . Although not explicitly mentioned, this suggests that sales will be made through auctions.

Winners will be able to display their “Moments” on their user page on vault.com. Some limited edition NFTs will include a video depicting a “display case with a physical image of the ‘Moment'”.

Unlike most NFT collections, the tokens in the Vault by CNN collection are can buy with fiat money . Potential buyers must open an account with a digital wallet called Blocto and can then pay the NFTs with credit cards through Stripe, a third-party payment service provider.

CNN clarifies via of this document what an NFT is, and describes it as “a unique piece of digital content. However, this topic has been widely addressed by CriptoNoticias, explaining that non-fungible tokens are digital assets or tokenized versions of the real world that have the particularity of not being interchangeable with each other.

and can function as proof of authenticity and ownership within the digital world.

Historical moments of the CNN channel will be recorded in a collection of NFT
The The launch will include six weekly moments of Moments. Source: cnn.

Other media outlets anticipated CNN’s initiative

CNN’s NFT collection is one of many recent attempts by well-known companies in the communications industry including Time magazine to enter the market for non-fungible tokens, such as CriptoNoticias reported on March 24, 2021.

At that time, the first general information weekly in the history of the United States, announced the launch of three tokens , one of which touches on the theme of the “death” of national currencies.

Time gave to know that the NFT alluded to covers « incredibly prophetic ”, including one of the most iconic covers in the magazine’s 98-year history , and another exclusively created as a token for this occasion. The tokens would be auctioned on the Ethereum-based platform, SuperRare.

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