SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

.SCMPNews has found selling NFTs of its front pages to be a successful business. Now it's spinning off the division into its own company. thesamreynolds reports

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post appears to have found one in selling Non Fungible Tokens of its front pages from historical events, and has such confidence in the business that its spinning it off into its own division called Artifact Labs.

The SCMP’s NFTs are front pages from historical events such as the handover of Hong Kong to China in 1997, the Avian flu outbreak, the Asian Financial Crisis, and the death of Princess Diana. Its NFT collection exists on Flow, a blockchain built by Dapper Labs, which also powers NBA’s Top Shot collection.

Buyers can bid on a specific NFT from a historical event, or buy a mystery box of front pages from selected events.“SCMP’s creation of ‘Artifact Labs’ to explore the potential of blockchain applications for media is a transformational step for our 118-year old organization,” said SCMP Chairman Joe Tsai.SCMP will continue to be a shareholder in ‘Artifact Labs’, and will seek third-party capital to help fund the company’s growth, according to a press release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SCMPNews thesamreynolds 🚀Given that the importance of gaming currencies in the crypto currency universe is also increasing every day, nakamoto games are a good alternative in this sense Nakamoto $NAKA PlayToEarn P2E Metaverse GameFi

SCMPNews thesamreynolds Of course, some people are ready to spend really a lot of usdt for this

SCMPNews thesamreynolds Just imagine. The future is here 🔥🔥🔥 Metamoonft Metaverse Metamoonnft nft NFTs Binance BinanceSmartChain BTC Crypto

SCMPNews thesamreynolds 🚀In your own skill league you can play With legendary reward systems Play for real - get the chance to win, 🔻It's a new era, sure NAKAMOTO $NAKA NakArmy PlayToEarn P2E Metaverse GameFi

SCMPNews thesamreynolds Hey! Can anyone please follow me, I need 3 more followers to make it 10. Thanks!🙏🙏🌈

SCMPNews thesamreynolds Follow Empire news for ur crypto news and giveaway

SCMPNews thesamreynolds SO COOL ! ME NAME 👆👆

SCMPNews thesamreynolds Metamoonnft perfect project 🚀🚀✈️

SCMPNews thesamreynolds

SCMPNews thesamreynolds Sharing NakamotoGames H1 2022 roadmap if you still haven't seen it! This team WILL over deliver 🔥 🔜16 new P2E games 🔜 launching Nakaverse 🔜 develop and launch SDK Can't wait for 2022! $Naka will fly, have you packed those bags Nakafam?!💰💥🌚🚀

SCMPNews thesamreynolds metamoonnft 💪💪💪👏👏👏🤑🤑🤑🚀🚀🚀🚀 buy and hold. Coming soon cmc and cg. Perfect project. Safe team. 1000x gem

SCMPNews thesamreynolds Sharing NakamotoGames H1 2022 roadmap still haven't seen it! This team WILL over deliver 🔥 🔜16 new P2E games 🔜 launching Nakaverse 🔜 develop and launch SDK Can't wait for 2022! $Naka will fly, have you packed those bags Nakafam?!💰💥🌚🚀

SCMPNews thesamreynolds MetaMoonNft

SCMPNews thesamreynolds CheemsInu MemeTech

SCMPNews thesamreynolds TrustWallet TO THE MOON! 👇👇👇👇👇👇💯💯💯 ࠛࠛ ࠛࠛ

SCMPNews thesamreynolds What's your thoughts?

SCMPNews thesamreynolds Sharing this piece of advance with you guys!

SCMPNews thesamreynolds I'll never be poor again after watching this video

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines