On November 2nd, a non-fungible token (NFT) magazine called “The NFT Magazine” is coming to the Ethereum blockchain – a periodical with articles and images in NFT format. The project, promoted by Advtech IT Solutions, has partnered with members of the Art Rights, Artu, The Cryptonomist and Poseidon groups, as well as members of the Jelica, Algorand and Bitcoin cash blockchain communities.
The NFT Magazine – a non-fungible token periodic featuring blockchain topics and crypto artists
Non-fungible tokens (NFT) have become a major asset in the world of resources and collectible cryptocurrencies and blockchains. In the last 12 months, thousands of artists, celebrities, athletes, designers, DJs and more have released NFTs that have sold for millions of dollars.
There are all kinds of NFTs such as artwork, gaming items, music, and even physical items that are connected to one form or another of blockchain technology. Now, a team called Advtech IT Solutions plans to drop an NFT-based magazine covering a wide range of topics related to the world of crypto art, blockchain and fintech.
The project, called The NFT Magazine, will be built 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 who will be on the front cover of the magazine will be the well-known crypto artist dubbed Hackatao.
However, the cover image of NFT magazine will not be released until the November 2 drop. Moreover, the details of the website that readers of the magazine will be able to discover “the biggest players in the crypto world, market trends, rankings and expert advice”.
The Readers Club will be transformed into a DAO
According to the team, unsold copies will be burned to make up for the shortage, and the owners of NFT Magazine will be part of the exclusive “Readers Club”. The creators of NFT magazine say that the Readers Club will eventually become a decentralized autonomous body (DAO). DAO will help communities who can “determine topics, artists and projects to include in future issues of the magazine.”
Some of the project partners are members of Bitcoin Cash, Algorand and Jilica blockchain ecosystems. “Bitcoin Cash and Jelica will, in fact, be cited as one of the most promising blockchains where users and artists can create NFT,” the magazine’s announcement details.
The day the first issue of The NFT Magazine is dropped, it will be listed in the leading NFT marketplace Opensea. Magazine covers “are becoming the cards of famous artists in the sector, collectors, due to the extremely limited number of copies.”
Meanwhile, well-known magazine brand TIME recently partnered with the Cool Cats NFT project in mid-August. In late June, Bitcoin.com News reported the launch of the first NFT of the largest US newspaper publishing company, Gannett, the firm. In addition, on August 12, business magazine Fortune raised 1.3 million in sales of an NFT cover.
What do you think of NFT Magazine going down the Etherium blockchain? Let us know what you think about this in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, The NFT Magazine,
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