New York Times journalist Kevin Ross on Thursday sold one of his articles in digital format for $ 560,000, in the latest manifestation of the growing passion for new coding technology, “NFT” among collectors.
This article is devoted to a journalist’s initiative to test the market and expand the digital business sold with NFT.
“NFT” (“Nan Fangible Tokens”), a method of encoding via non-exchangeable codes, allows the granting of a certificate proving the authenticity of any digital product, whether it is a picture, an emoji, a video, a piece of music, or a press article in this case.
Theoretically, this certificate is not subject to breach or duplication, and is designed according to the blockchain technology used in encrypting digital currencies such as Bitcoin.
NFT’s popularity began to grow as little as six months ago, which led to a rapid growth in the market for digital collectors after it was confined to a limited category.
On March 11th, a digital work by American artist Pebble was sold for $ 69.3 million during an auction by Christie’s.
Kevin Ross’s article was titled “Buy this article on Blockchain,” with a subtitle saying “Why a journalist can’t be part of the NFT boom.”
After fierce auctions that lasted 24 hours, a collector who called himself “Sorters” won the right to buy the article in exchange for 350 Ethereum, one of the main digital currencies, the equivalent of about $ 560,000.
“I simply look at my screen and I can’t stop laughing,” commented Kevin Ross, a journalist specializing in modern technology, minutes after the sale ended, via his Twitter account.
The journalist had indicated that the proceeds of the sale would be poured into financing charitable work undertaken by the “New York Times”, after deducting the 15% commission of the “Foundation” platform that hosted the auction.
On Monday, the founder and president of Twitter, Jack Dorsey, sold his first tweets on the network in the format “NFT” for $ 2.9 million.
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