In brief
— Kevin Roose (@kevinroose) March 25, 2021
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-6.57%Reading
Yesterday, The New York Times ran a column about the emerging market for NFTs, and put an image of the piece up for auction as an NFT.
The article is titled “Buy This Column on the Blockchain!”
Today, someone has: the NFT just sold for around $560,000 on Foundation, a dedicated marketplace for digital collectibles. Last-minute bidding on the NFT quickly drove up the price, rising from just over $100,000 to a half million within minutes.
Non-fungible tokens have been making serious money for visual artists and musicians, as crypto’s nouveau riche have injected millions into the market.
But journalists and media outlets have gotten involved, too: Quartz already sold an article as an NFT (for just $1,800) and TIME Magazine auctioned off three cover images as NFTs, netting close to half a million dollars. The Associated Press sold a piece of art as an NFT, and the humble Decrypt just launched an NFT initiative earlier this morning.
— Kevin Roose (@kevinroose) March 25, 2021
The Times’ column specifies that proceeds from the sale will be donated to the Neediest Cases Fund, a nonprofit organization operated by the paper.
Rektguy didn’t mint out its free NFTs on the Ethereum blockchain in 2022—but three years later, the brand has become incredibly familiar with the phrase “sold out,” with the Rekt Drinks brand clearing out successive drops and reaching more and more consumers along the way. The brand, which weathered a brutal crypto bear market thanks in part to the strength of its fervent community, has now sold more than 600,000 cans of Rekt Drinks, a non-alcoholic, flavored sparkling water that comes in a vari...
Crypto gaming on Avalanche is gaining steam thanks to high-profile launches like Off the Grid and MapleStory N. Now, the blockchain's gaming ecosystem has its own NFT pass to connect games and reward players for diving into them. Launched on Monday, the free Avalanche Battle Pass is a free-to-mint NFT available via the Magic Eden marketplace, created in collaboration with Ava Labs and Playfull. Once the pass is minted, users can register it at the Playfull website and then make progress by playi...
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