What is time NFT?

TIME is to auction three first-ever NFTs (non-fungible tokens) inspired by one of TIME’s most iconic covers and including an original cover created especially for the auction. These TIME NFTs are available individually or as a collection on the cryptocurrency marketplace SuperRare.

How much is a New York Times NFT worth?

The New York Times itself has participated in the craze: Its technology reporter Kevin Roose created an NFT out of one his columns and auctioned it for a sum worth, on the day of its sale, about $560,000, with the proceeds going to charity. No one quite agrees on what this gold rush means.

Is NFT a good investment?

Clearly the NFT market is in part being driven by speculation: Many collectors regard cryptoart as a potentially lucrative investment, much like Bitcoin itself. And on some level it also facilitates pure peacocking, conspicuous consumption for a crypto age.

Who bought NFT?

Winkelmann left Clubhouse and watched his NFT finally sell for $69 million. “What the [expletive] just happened?” he said. The story of who bought it, and why, is a sign of just how deeply NFTs are tied up in the financial engineering of cryptocurrencies. It turns out that Beeple had major collectors: Vignesh Sundaresan and Anand Venkateswaran.