Hong Kong-based newspaper South China Morning Post (SCMP) will release archived news articles from the past 118 years as non-fungible tokens (NFTs) on Flow, the blockchain used by NBA Top Shot. The initial collection, titled ARTIFACTS by SCMP, also plans to mint versions of historical items from museums, universities, publishers, and other institutions.
During the initial boom in NFTs at the beginning of the year, there was a trend to turn everything and anything into an NFT, from Twitter’s first tweet to Time’s magazine covers. New York Times columnist Kevin Roose highlighted this point by writing an article on the topic and auctioning it as an NFT.
Over the past couple of months, many NFT initiatives have shifted away from this trend and are more centered around promoting digital artists, minting collectibles of content specifically created for the NFT. And going beyond transforming existing physical and online material into an immutable commercial asset.
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