CNN to shut down its NFT marketplace and issue 20% refund By Cointelegraph
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CNN to shut down its NFT marketplace and issue 20% refundUnited States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs.
In explaining the decision, CNN said Vault was a “6-week experiment” and a “first foray into Web3.” However, the firm will “no longer be developing or maintaining this community.” The collection was originally minted on the Flow blockchain, with CNN “retain[ing] copyright and ownership over the content.”
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CNN to shut down its NFT marketplace and issue 20% refundUnited States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs.
In explaining the decision, CNN said Vault was a “6-week experiment” and a “first foray into Web3.” However, the firm will “no longer be developing or maintaining this community.” The collection was originally minted on the Flow blockchain, with CNN “retain[ing] copyright and ownership over the content.”
Continue Reading on Coin Telegraph
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