The Economist unveils its First NFT auction Titled ‘Down the rabbit hole: The promise and perils of decentralised finance’. The artwork was produced by Justin Metz, a British artist, with help from The Economist’s cover designer Graeme James. It aims to showcase the potential of decentralised technology and raise money for The Economist Educational Foundation (TEEF), an independent charity focused on news. The Economist is excited about the secondary sales royalties that NFTs facilitate, which lets the artist retain a stake in the value of the artwork in the future. The Economist will retain a 10% royalty stake from all future proceeds going to TEEF, creating a potentially recurring source of fundraising for the charity.
The Economist is selling its first NFT
The Economist is selling its first NFT
The Economist is selling its first NFT
The Economist unveils its First NFT auction Titled ‘Down the rabbit hole: The promise and perils of decentralised finance’. The artwork was produced by Justin Metz, a British artist, with help from The Economist’s cover designer Graeme James. It aims to showcase the potential of decentralised technology and raise money for The Economist Educational Foundation (TEEF), an independent charity focused on news. The Economist is excited about the secondary sales royalties that NFTs facilitate, which lets the artist retain a stake in the value of the artwork in the future. The Economist will retain a 10% royalty stake from all future proceeds going to TEEF, creating a potentially recurring source of fundraising for the charity.