A non-fungible token magazine (NFT), will be available on the Ethereum blockchain. It is called “The NFTMagazine” and contains articles and illustrations that are in the format of NFT. Advtech IT Solutions has partnered with members from the Zilliqa and Algorand blockchain communities. Art Rights, Artuu and The Cryptonomist are also supporting the project.
The NFT Magazine — A Periodical that is Non-Fungible and Features Blockchain Topics as well as Crypto Artists
Nonfungible token (NFT), assets and collectibles are a key part of the cryptocurrency and blockchain world. During the last 12 months, thousands of artists, celebrities, athletes, designers, DJs, and more have published NFTs that have sold for millions of dollars.
There have been many types of NFTs, including artwork, music, and physical items that are tied to blockchain technology. Advtech IT Solutions, a company, plans to discontinue an NFT-based periodical that covers various topics in the worlds of crypto art, fintech, and blockchain.
The project, called The NFT Magazine, will be minted on the Ethereum (ETH) blockchain and 500 copies of the magazine will be issued. According to information shared exclusively with Bitcoin.com News, the artist that will be featured on the magazine’s first cover will be the well-known crypto artist dubbed Hackatao.
The cover image for The NFT Magazine won’t be revealed until November 2, 2012. The website also explains that readers of the magazine will be able discover the “biggest crypto players”, market trends, rankings and expert advice
Readers Club Transforms into a DAO
According to the team, unsold copies will be burned to increase scarcity, and owners of the NFT magazine will be part of an exclusive “Readers Club.” The NFT Magazine creators say the Readers Club will eventually become a decentralized autonomous organization (DAO). The DAO will draw on the community to “decide topics and artists for future issues of the magazine .”
.”
Among the project’s collaborators are members of the Zilliqa, Algorand and Bitcoin Cash blockchain ecosystems. According to the magazine’s announcement, “Bitcoin Cash, Zilliqa will be listed as one of the most promising Blockchains where artists and users can create NFTs.”
The day the first issue of The NFT Magazine drops, it will be listed on leading NFT marketplace Opensea. Due to the very limited edition .”
, the magazine’s covers will still feature “famous artists from the sector”. These cards will become collector’s cards.
Meanwhile, the well-known magazine brand TIME has recently partnered with the Cool Cats NFT project in mid-August. At the end of June, Bitcoin.com News reported on the largest U.S. newspaper publishing company, Gannett, launching the firm’s first NFTs. Furthermore, on August 12, the business magazine Fortune raised $1.3 million in an NFT cover sale.
What do you think about The NFT Magazine dropping on the Ethereum blockchain?
What do you think about The NFT Magazine dropping support for the Ethereum blockchain?
This story contains tags
500 copies, Algorand, bitcoin cash, Blockchain, Cool Cats, DAO, Ethereum blockchain, Fortune, Gannett, Hackatao, magazine on blockchain, nft, NFT Magazine, NFTs, Nov 2, Opensea, Readers Club, The NFT Magazine, Time, Zilliqa
Image Credits: Shutterstock, Pixabay, Wiki Commons, The NFT Magazine,
Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.
Read More