The issue has been created with LITDAO, a web3 cultural currency and NFT project, according to Time. The magazine will live on the blockchain but is hosted through a decentralized protocol allowing holders to read the magazine through an interactive NFT, the company said.
Time has done well in the web3 space, it says.
“To date, TIME’s web3 evolution has generated more than $10 million in revenue, curated a passionate community of over 25,000 artists, collectors and enthusiasts – of which, over 5,000 TIMEPiece holders have connected their digital wallets to TIME.com for frictionless access to the site,” according to a release. Time has recently hired a vice president of web3 Operations.
To learn more about Time’s NFT initiatives, go to: time.com/timepieces
|Lorene Shyba says:|