On November 2, a non-fungible token (NFT) magazine is coming to the Ethereum blockchain called “The NFT Magazine” — a periodical publication containing articles and illustrations in the form of an NFT. The project, promoted by Advtech IT Solutions, has partnered with members of the Zilliqa, Algorand, and Bitcoin Cash blockchain communities, alongside Art Rights, Artuu, The Cryptonomist, and the Poseidon Group.
The NFT Magazine — A Non-Fungible Token Periodical Featuring Blockchain Topics and Crypto Artists
Non-fungible token (NFT) assets and collectibles have become a mainstay in the world of cryptocurrency and blockchain. 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 all types of NFTs such as artwork, gaming items, music, and even physical items that are tethered to some form of blockchain technology. Now, a team called Advtech IT Solutions plans to drop an NFT-based periodical containing miscellaneous topics related to the world of crypto art, blockchain, and fintech.
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.
However, the cover image of The NFT Magazine will not be revealed until the November 2 drop. Moreover, the website details that magazine readers will be able to discover the “biggest players in the crypto world, market trends, rankings, and expert advice.”
Readers Club to Transform 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 leverage the community who can “decide topics, artists and projects to include in the future issues of the magazine.”
Among some of the project’s partners are members of the Bitcoin Cash, Algorand, and Zilliqa blockchain ecosystems. “Bitcoin Cash and Zilliqa, in fact, will be quoted as one of the most promising blockchains where users and artists can create NFTs,” the magazine’s announcement details.
The day the first issue of The NFT Magazine drops, it will be listed on leading NFT marketplace Opensea. The magazine’s covers will continue to feature “famous artists of the sector, becoming collector’s cards, given the extremely limited number of copies.”
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? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, The NFT Magazine,
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Author: Jamie Redman