CNN launches into NFT game, sells clips of historical news moments
CNN is the latest entity to embrace the NFT craze, according to Hollywood journalist. The cable news channel plans to sell digital collectibles of memorable moments throughout its 41-year history.
Online at the end of June, the “Vault by CNN” platform will offer a batch of news clips that anyone can buy and display on their “vault” user page. CNN has not specified what the first moments of the sale will be, but it could range from coverage of the presidential election to exclusive CNN programming. Hopefully there will be at least one involving our favorite silver fox, Anderson Cooper.
Collect them all – Of course, CNN does not sell the copyrights on these moments. Everything you really buy is basically a signed one-of-one copy. Although to sweeten the deal, CNN says that for some limited edition sets, it will offer a video showcase to show off the NFTs. This could help sell the concept to people who might find it difficult to buy “ownership” of an infinitely repeatable digital asset.
NFT stands for Non-Fungible Token and in layman’s terms is a digital Certificate of Authenticity. They add value to a digital work of art by the fact that it is a unique cryptographic key that cannot be replicated, and their ownership is tracked in a ledger as it goes. she exchanges hands from one person to another. It’s a way to create scarcity in a digital world that lacks it.
In recent months, important personalities of Elon Musk to Jack Dorsey to Azealia Banks have all sold NFTs. Yesterday, the inventor of the World Wide Web, Tim Berners-Lee, announced that he would auction an NFT version of the source code for the world’s first web browser. A lot of NFT’s artwork seemed lazy enough, not much more than a way for celebrities to cash in on their fame, but maybe if you got rich through the internet, it might be. cool to buy the only signed edition of the code. feed it.
Fashion or future? – As for CNN, the network seems to be betting there will be a demand for digital collectibles from live-streaming moments, like the fall of the Berlin Wall. “Until now, there was no way to ‘collect’ these moments,” CNN said in an FAQ. “Users can often find old footage online or packaged in documentaries, but they can’t ‘own’ it or display it like they can with a print newspaper or magazine. “
However, there is skepticism that people will continue to spend on DTVs as the world reopens and people are more able to spend their money away from home. At least CNN will make it easier for people: people will be able to buy their CNN moments with a credit card. However, it should be mentioned that they will still need to create a digital wallet with Blocto, a blockchain company.
Elsewhere in the land of television, Fox recently announced “the very first fully curated animated series on the Blockchain,” Dan Harmon’s upcoming animated show. Krapopolis. It’s been a few weeks since the news broke, and we still don’t know what that means – but I hope the show is funny no matter what.