The NFT Journal Mission Plans to Drop a Periodical within the Type of an NFT on Ethereum – Blockchain Bitcoin Information
On November 2nd, a non-fungible token (NFT) magazine called “The NFT Magazine” appears on the Ethereum blockchain – a periodic publication with articles and illustrations in the form of an NFT. The project funded by Advtech IT Solutions has teamed up with Art Rights, Artuu, The Cryptonomist and the Poseidon Group with members of the blockchain communities Zilliqa, Algorand and Bitcoin Cash.
The NFT Magazine – A non-fungible token magazine with blockchain topics and crypto artists
Non-fungible token (NFT) assets and collectibles have become a mainstay in the world of cryptocurrency and blockchain. In the past 12 months, thousands of artists, celebrities, athletes, designers, DJs, and more have released NFTs that have sold for millions of dollars.
There were all kinds of NFTs like works of art, game items, music, and even physical items tied to some type of blockchain technology. Now a team called Advtech IT Solutions is planning to publish an NFT-based magazine with various topics related to the world of crypto art, blockchain and fintech.
The project called The NFT Magazine will be coined on the Ethereum (ETH) blockchain and 500 copies of the magazine will be published. According to information shared exclusively with Bitcoin.com News, the artist who will appear on the magazine’s first cover will be the well-known crypto artist named Hackatao.
The NFT Magazine cover photo won’t be released until November 2nd, however. In addition, the website states that magazine readers can discover “the biggest players in the crypto world, market trends, rankings and expert advice”.
Readers club should transform into a DAO
According to the team, unsold copies will be burned to increase scarcity, and owners of NFT magazine will become part of an exclusive Readers Club. The creators of NFT Magazine say the Readers Club will eventually become a decentralized autonomous organization (DAO). The DAO will use the community, which “can decide topics, artists and projects that will be included in future issues of the magazine”.
The project partners include members of the blockchain ecosystems Bitcoin Cash, Algorand and Zilliqa. “Bitcoin Cash and Zilliqa are actually cited as one of the most promising blockchains in which users and artists can create NFTs,” the magazine said in the announcement.
On the day of the first issue of The NFT Magazine, it will be listed on the leading NFT marketplace Opensea. The front pages of the magazine will continue to feature “famous artists in the industry who, given the extremely limited circulation, will become collector’s cards”.
In the meantime, the well-known magazine brand TIME has teamed up with the Cool Cats NFT project since mid-August. At the end of June, Bitcoin.com News reported on the launch of the first NFTs from the largest US newspaper publisher Gannett. In addition, business magazine Fortune raised $ 1.3 million in an NFT cover sale on August 12.
What do you think of NFT Magazine falling on the Ethereum blockchain? Let us know what you think on this matter in the comments below.
Tags in this story
500 copies, Algorand, Bitcoin Cash, Blockchain, Cool Cats, DAO, Ethereum Blockchain, Fortune, Gannett, Hackatao, Magazin über Blockchain, nft, NFT Magazine, NFTs, November 2nd, Opensea, Readers Club, The NFT Magazine, Time, Zilliqa
Photo credit: Shutterstock, Pixabay, Wiki Commons, The NFT Magazine,
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