NFT,also known as (Non-fertile Token) has made The New York Times netted more than $570,000 from sale, after having transformed one of its column to it
Kevin Roose had tweeted earlier about the initiative. NYT technological columnist. He affirmed that the NFT party could join journalists freely.
The NYT made a NFT!My new column is about NFTs, and I also turned the column into a NFT and put it up for auction on @withFND, with proceeds going to charity. Bid away, and you could own the first NFT in the paper’s 170-year history. https://t.co/9ItGZvID8B
— Kevin Roose (@kevinroose) March 24, 2021
The auction was held by the NFT Marketplace Foundation. The eventual sale for 350 ETH, which was equivalent to $ 572,000 at current prices, ended last night. Foundational User @3fmusic was the winning bidder.
Roose explained that sales revenues are channeled to the Fund for Neediest Cases. The Fund has been set up by the journal giant to support social causes in New York and other cities. Although it is possible for the buyer to choose to remain anonymous, a follow up article has an option for him/her.
The Times has added to the NFT boom list of publications. These unique tokens demonstrate ownership of a work of art or creativity. Recently Twitter’s CEO sold an NFT tweet for $2.9 million for the first time.