The South China Morning Post (SCMP), the oldest Hong Kong's English language newspaper, has announced the launch of its own non-fungible token (NFT). According to an announcement, the so-called ARTIFACT allows the media to tokenize key moments from SCMP's 118-year-old collection of media assets. With the NFT, SCMP wants to take the "first steps" towards creating value from the news organization's first drafts of history.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
"The South China Morning Post is committed to engaging and educating a global audience with information and technology," said Gary Liu, SCMP CEO.
SCMP says the project roadmap includes plans for a decentralized "authentication process." The media will eventually allow for anyone to tokenize assets using the ARTIFACT standard.
Previously, iHodl reported that Sorare, a marketplace of non-fungible tokens (NFTs) focused on soccer, is about to announced its major investment round led by SoftBank. The French startup is close to the $530 million mark at a valuation of $3.8 billion. According to sources familiar with the matter, European fund Atomico, French funds Eurazeo and Blisce are also expected to participate.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.