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As NFTs boom, The Economist and The Spectator join the digital assets craze

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As NFTs boom, The Economist and The Spectator join the digital assets craze

Future News 113

Ian Silvera
Nov 1, 2021
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As NFTs boom, The Economist and The Spectator join the digital assets craze

www.news-future.com

Everyone is getting in on the act. From the NBA to The New York Times, and now The Economist and The Spectator have joined the ranks of organisations auctioning off digital assets as non-fungible tokens (NFTs).

The Economist raised more than $400,000 for its ‘Down The Rabbit Hole’ cover in just over a day. The funds will go to charity. The Spectator, meanwhile, is “open to the idea” of a whole series of the 191-year-old magazine’s greatest covers, Freddy Gray, Deputy Editor of The Spectator, told FN.

The inaugural NFT is the 18 June 2016 front page of The Spectator, ‘Out’, following the UK’s vote to split from the EU.  So far the auction has raised more than $4,500, with bidding ending on 5 November, Guy Fawkes Night/Bonfire Night in the UK. The art work is from Morten Morland who has previously spoken to FN.

Elsewhere, cryptocurrency trade outlet Decrypt has helped launch the first DAO-backed (decentralised autonomous organisation) newswire, PubDAO.

💼 Other business 

  • Julio Bruno is leaving Time Out Group as CEO, with the business reporting a decline in net revenues to £37.8m (2019: £63.3m). Chris Ohlund, currently Executive Vice Chairman of Time Out, will take over as CEO. 

  • News Corp will hold its AGM on 17 November.

  • Does the Evening Standard have a future?

  • ABC News goes big on the climate.

  • How Axel Springer bought Politico.

  • Newsletter fatigue sets in. 

🎙️ Podcast world 

  • BBC Media Show: What is the metaverse?

  • Recode Media: Dotdash CEO.

  • Longform: NYT’s Ben Smith. 

👨‍💻 Technology 

  • Gaia-X, the EU’s cloud data project, is reportedly struggling. 

  • $10bn, the cost of the iPhone privacy changes.

  • PayPal no longer looking to acquire Pinterest.

📧 Contact

For high-praise, tips or gripes, please contact the editor at iansilvera@gmail.com or via @ianjsilvera. Follow on LinkedIn here.

  • FN 112 can be found here

  • FN 111 can be found here

  • FN 110 can be found here

  • FN 109 can be found here

  • FN 108 can be found here

  • FN 107 can be found here

  • FN 106 can be found here

  • FN 105 can be found here

  • FN 104 can be found here

Image: Future News, “TV Error" by Sibe Kokke is licensed under CC BY 2.0 https://www.flickr.com/photos/4142290...

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As NFTs boom, The Economist and The Spectator join the digital assets craze

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