This article analyzes unbelievable and unprecedented earnings of news publishers from Non-fungible tokens or NFT analysis 12m 560kmaher press gazette nfts march.
Analysis 12m 560kmaher pressgazette nfts march: Introduction to the keyword
Before going to start with the news update, first, let’s make simple the complex form of the keyword analysis 12m 560kmaher pressgazette nfts march.
12m reveals a total of 12 million dollars in earnings of different news reports from March 2021. These earnings from NFTs are mentioned by one of the pressgazette blogs written by the senior reporter Bron Maher.
NFTs on another side known as non-fungible tokens. These tokens are not replicable not exchangeable, unlike traditional tokens or cryptocurrencies. Getting NFT for digital objects will mean that the concerned asset belongs to you and you are the only real owner. Note that the object may be text, picture, video, art, etc.
Unveiling the News publishers
Hope you understand the term NFT. There are various marketplaces where you can buy or sell NFT. Here is the list of news publishers that earned more than 12 million dollars by selling the NFTs analysis 12m 560kmaher pressgazette nfts march.
- Time Magazine: A leading earner
Time magazine is a leading earner in the list and achieved more than 10 million dollars. It is believed that time earned the most from web3, which is a third generation of the internet, characterized by decentralized protocols and blockchain technology.
Selling 10 million dollars NFT is not the exact figure instead Time just disclosed that its revenue crossed 8 figures in the previous 9 months.
The first auction of NFT from Time magazine was seen in March 2021. This includes three tokens of front cover. Time made money of $435k from its first auction of NFT. Taking further steps towards the NFT forced time to shape its own storefront for time-branded NFTs. Time chose the Opensea website for this purpose.
- The New York Times: second highest earner
The New York Timesor NYT lies second among the news publishers and earns approximately 560k dollars from selling NFT analysis 12m 560kmaher pressgazette nfts march. In March 2021 one of the NYT technology columnists Kevin Roose raised his own column for auction titled “Buy This Column on the Blockchain!”. He set the minimum price of half Ethereum, at the end of the day the column sold 350 Ethereum which is approximately 560k dollars.
- The Economist
The Economist News publisher earned almost 422k dollars. In October 2021 The Economist news publisher sold the NFT of an image of Alice in Wonderland. The final price for the picture raised in the auction the 99.9 Ethereum which is approximately $422k.
The economist announced the earning money from NFT to the independent charity foundation known as the Economist Educational Foundation.
- Forbes
Forbes decided to engage its audience in engaging content and display its first NFT token for auction in April 2021. The NFT token they sold was “Merchants of the Metaverse” and earned a total of $408k.
Forbes donated the amount earned from NFT to the foundation including Committee to Protect Journalists and the International Women’s Media Foundation.
- CNN
CNN on the other hand launched a project for selling NFT by the name of Vault. On this particular platform, CNN sells images and short videos. Most of the videos they upload for selling are related to historical events. Till this report, CNN sold the most costly clip ($500) was related to various presidents’ election wins.
Despite disclosing the actual figure from CNN officials, they earned more than $329k according to pressgazette analysis 12m 560kmaher pressgazette nfts march.
Other News publishers
Additionally, other News publishers that have earned from selling NFT include South China Morning Post, Gannett, Quartz, Ukrainian media, and The Associated Press.
Conclusion
In conclusion to analysis 12m 560kmaher pressgazette nfts march, the analysis of $12 million earnings by various news publishers, as reported by Pressgazette unveils the incredible success in generating revenue through NFT selling.
With a total industry-wide earning of 12 million dollars, major players like Time Magazine emerged as leaders, disclosing over 10 million dollars in revenue attributed to their engagement with web3 technologies. The New York Times secured the second-highest spot, earning around 560k dollars by auctioning a blockchain-themed column.
Frequently Asked Questions (FAQs)
- Which news publishers earned the most from selling NFTs?
Among the major publications, The New York Times was the top earner with more than ten million dollars, followed by The Economist, Forbes, and CNN.
- Did Forbes contribute to charitable causes with the earnings from their NFT sale?
Yes, Forbes donated the amount earned from their NFT, “Merchants of the Metaverse,” to charity foundations including the Committee to Protect Journalists and the International Women’s Media Foundation.
- What kind of digital assets can be turned into NFTs?
NFTs can be created from digital objects such as text, pictures, videos, and art. This flexibility allows a wide range of content to be tokenized and traded.
