Time magazine is embracing the blockchain digital art movement by auctioning three nonfungible tokens (NFTs) inspired by some of its most iconic covers throughout the decades.
It has been reported that the three NFTs are going to be sold both individually and as a collection on SuperRare, a digital-art trading platform.
However, the collection is based on the theme “Is ___ Dead?”, which refers to a series of provocative typological covers inspired by the original April 8, 1966 rendition, “Is God Dead?”
As Time noted, this was the first cover in the magazine’s history to include only typography with no image.
The report said that the NFT rendition of “Is God Dead?” is now available on SuperRare, alongside Time’s April 3, 2017 cover, “Is Truth Dead?”, and the forthcoming March 29/April 5 cover, “Is Fiat Dead?” The question “Is Fiat Dead?” references the meteoric decline in the purchasing power of government-controlled currencies like the US dollar.
It’s a historic day for @TIME magazine. The publication is auctioning 3 NFTs based on their most iconic covers on SuperRare. https://t.co/93m9X9DWQh — Cointelegraph (@Cointelegraph) March 22, 2021
As Time noted, cryptocurrencies such as Bitcoin (BTC) are challenging present-day monetary norms through fixed supply and transparent monetary policy.
Thus, D.W. Pine, the creative director of Time, said:
“I love the idea that its meaning isn’t clear to the casual viewer — much like the crazy, lucrative world of NFTs.”
Source: Cointelegraph | Image: CBS News
Comments