TIME magazine auctioned three non-fungible tokens (NFTs) inspired by two memorable covers and a special edition one created just for the occasion. The auction was conducted on NFT marketplace SuperRare from March 22 to 24, and bidders could bid for the collection of the three NFTs or a single cover. Final bids totaled more than $443,000.
The first NFT is inspired by the magazine’s April 1966 edition cover “Is God Dead?”. The second cover is a nod to the April 2017 edition with the text “Is Truth Dead?”. And the final cover turned NFT is the first cover designed exclusively as an NFT by TIME and it reads “Is Fiat Dead?”, referring to conventional money as opposed to cryptocurrency.
There was a single winner @mondoir1 for the three individual covers. “Is God Dead?” sold for 70 ether ($112,400), “Is Fiat Dead?” went for 83 ether ($133,300) and “Is Truth Dead” had the highest bid at 88 Ether ($141,300). The collection went for 35 ether ($56,200).
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
