Blockchain
Cryptonomist SA: How NFTs Are Changing the Publishing Industry
Covers tokenized or reinterpreted by crypto-artists, articles published on blockchain and much more. NFTs are entering all sectors, from art to tourism and now the publishing industry as Cryptonomist, a magazine focused on cryptocurrency is well aware.
An important step to an industry that has been in crisis in recent years, in 2020 the average publishing turnover fell for 9 out of 10 companies. NFTs application of blockchain technology is a way to further monetize culture and information.
The first magazine entirely made in NFT has launched, The NFT Magazine with the second issue published on Opensea’s platform.
The NFT Magazine in details
In the past few days, The NFT Magazine organized a private sale for its community which sold out with about 450 copies, with 250 copies left for the public sale.
This second issue of the NFT Magazine is with Coldie on the cover, a famous 3D artist who sold his crypto art for around $120’000, and is now selling his Snoop Dogg-dedicated NFT for more than $750’000.
Also the first issue of The NFT Magazine had an important artist on the cover: Hackatao, which was sold on November 2nd in less than 24 hours, selling 500 copies for $90,000.
Benefits and rewards for holders
Consumers buying The NFT magazine will have the rights to vote on the next steps of the projects, empowering the readers and letting them choose their preference on what to read. The Coldie cover was voted by the readers community.
Also, users that will have both the first two issues of The NFT Magazine in their wallet will have the chance to receive one collectible for free. This is Cryppo, the team mascot.
Collectibles are one of the most interesting trends in the NFT space, and they are not selling for 750K dollars during the last 30 days, according to nonfungible.com data.
Crypto Punks and Bored Apes are the most known projects in this field, but there is much more.
NFT magazine contents
Going back to the NFT Magazine, a few days ago, the contents that readers will find inside the magazine were also revealed: not only the cover and an exclusive interview with Coldie, but also an analysis of trends in collectibles; a top 25 of the best projects, a top 10 of the best collectors and their interviews and much more.
While the first drop of the magazine had a limited edition of only 500 copies, this second edition will be in 700 copies. Unsold copies will be burned to ensure the rarity of the NFTs.
Burning is a common modality in the NFT and crypto world in order to provide an interesting scarcity for collectors, in a similar way to the art market.
How to buy The NFT Magazine
As is common with the NFT world, the NFT Magazine will be on sale on Opensea.
To buy these NFTs, you will need to have Metamask or another wallet compatible with Wallet connect (e.g. Eidoo) and some Ethereum to spend for gas fees.
Photo – https://mma.prnewswire.com/media/1702655/Issue_n2_of_the_Nft_Magazine.jpg
Logo – https://mma.prnewswire.com/media/1702654/Cryptonomist_SA_Logo.jpg
SOURCE Cryptonomist SA
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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