Media giants Fox and Time Magazine have already jumped into the NFT pool to tap its massive potential, and it’s now CNN’s turn to do the same.
Recently, CNN has announced that it will create NFTs of historic moments in its 41-year history including presidential elections, space travel, and CNN exclusives.
The project is called “Vault by CNN: Moments That Changed Us,” which is composed of tokenized and carefully selected moments in TV history. Interested buyers can purchase the vault where they can store and display their CNN NFT collections.
The newly-minted assets will be sold in a combination of open and limited editions.
A part of the vault’s description says: “Until now, there has been no way to ‘collect’ these moments. Users can often find old footage online or packaged up in documentaries, but they cannot ‘own’ them.”
CNN has partnered with several companies in their latest NFT project. They have signed a deal with Flow Blockchain, a platform that provides an energy-efficient proof of stake mechanism, in other words, a more environment-friendly way of minting NFTs.
The Flow blockchain has also helped NBA Top Shot, NBA’s NFT platform, in minting their NFTs.
The media giant has also struck a deal with Infinite Objects, a framing company that provides users with the freedom to render their NFTs on any screen.
How to purchase CNN’s NFTs?
Unlike other NFTs, CNN’s minted footages don’t require cryptocurrencies to be purchased. According to the multinational news company, interested buyers can use credit cards through a third-party payment platform Stripe.
They have to sign up first in CNN’s vault to start the process of purchasing the NFTs.
Image courtesy of Cointelegraph News/YouTube