TIME Magazine has debuted their first-ever full magazine as an NFT. And what better way to commemorate the moment than by featuring Ethereum co-founder Vitalik Buterin.
The magazine will be airdropped to select TIMEpiece NFT holders. The magazine will be able to be read in full by the help of being hosted by an interactive protocol.
This issue not only celebrates TIME's first NFT mag, but cements TIME as a prominent publication and entertainment entity in the web3 space. TIME has plans to create television shows off NFTs and has already hired their first VP of web3 Operations, Will Ban.
“As TIME continues to push the boundaries as to what is possible within the web3 ecosystem, producing the first-ever full magazine on the blockchain seemed like a natural extension for our brand and we knew this issue, in particular, would be cherished by our community,” said Keith A. Grossman, President of TIME.
Nathan Head, an NFT artist and collector purchased his very own Bored Ape last year for about $4,100. This week, he sold the BAYC’s brand new token for a whopping $75,000. Talk about ROI.
Just yesterday, the BAYC announced the ApeCoin DAO which facilitated the ApeCoin airdrop to all BAYC holders. Head went on to sell all of the 10,950 tokens he was airdropped to make that cool $75K.
Fortune points out that had he held onto the tokens, he could have made over $400,000. But Head isn’t looking at his transaction that way.
“I still feel very blessed and lucky, however watching the token price, it does make me feel a little bit sick thinking it's over double what I sold for,” he said.
All in all, Head is looking at this moment as a stroke of luck and calls the funds “life-changing money.” The young artist said that the newfound income will aid in him getting out from under his parents and purchasing “real life things.” That said, Head plans on using some of the money to invest in some other NFT projects.
No matter what he ends up investing in, nothing may ever come close to what investing in a Bored Ape has given him. “I’ve had my ape for nine months and it is probably the best investment I have ever made in my life.”
Universal Musical Group has plans to create a virtual metaverse band of apes called “Kingship.” To add credibility to their venture, Universal purchased Bored Ape #5537 for about $365K. The Ape which will go by the name Noët All will serve as the brand’s manager.
Kingship is heavily inspired by the band Gorillaz, a virtual band with real musicians behind it. Fully embracing the web3-scape, Kingship plans to do concerts in the metaverse. Currently, the minds behind Kingship are still working to create the different band members' characters and storylines.
Vitalik Buterin, co-creator of popular blockchain Ethereum has voiced his disenchantment with the famous Bored Ape monkeys.
“The peril is you have these $3 million monkeys and it becomes a different kind of gambling,” Buterin said to TIME Magazine of the BAYC.
The co-founder shared his hopes of what the blockchain might be used for in the future, instead of the overpriced animal investments. “[F]airer voting systems, urban planning, universal basic income, public-works projects.”
In his effort for Ethereum to be a blockchain that helps the public good rather than a luxury playground, he said, “I would rather Ethereum offend some people than turn into something that stands for nothing.”
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In a move that is being hailed as a game changer for the entertainment industry, Warner Bros. Home Entertainment has announced the launch of the WB Movieverse with The Lord of the Rings: The Fellowship of the Ring (Extended Version) Web3 Movie Experience NFT. This groundbreaking new release will allow fans to engage with the film in ways never before possible!
Reddit has onboarded millions of new users to NFTs during a bear market. Read on to learn more.