The New York Times (NYT) turned a column about NFTs into an NFT, and sold it for $560,000. Written by Kevin Roose, the article talked about NFTs and the benefits of purchasing an NFTs.
Kevin Roose announced the sale on the 24th of March. In a tweet, the journalist said he was putting the NFT up for auction on NFT marketplace Foundation. Roose also added that funds generated from the auction would be donated to the NYT’s charity outlet, Neediest Cases Fund.
Roose linked his MetaMask wallet to Foundation and then uploaded the image of the column. He explained further:
“I then had to mint a token mapped to that file – essentially, generating a unique cryptographic signature that would live on the Ethereum blockchain, marking the file I uploaded as the real one.”
Roose said he paid gas fees for a pair of transactions, to mint the token and to generate the code that runs the auction. Upon completion, he listed the column for sale as an NFT at a reserve price of 0.5ETH, about $850.
Roose also explained that whoever ends up buying the NFT owns a piece of history.
Apart from The New York Times, TIME Magazine also auctioned three of its magazine covers in the form of NFTs. The Associated Press (AP) also sold its first NFT to commemorate the first time a US election was sold on the blockchain.
Image Credits: Pixabay
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