Wednesday, December 8

Rolling Stone enters the world of NFTs with two magazine covers

Rolling Stone magazine released collectible covers in digital and paper format for sale. On the one hand, virtual ones are just two units that are sold through non-fungible tokens (NFT) in an auction from November 10 to 14. And, on the other hand, the printed ones are a limited edition of 2,500 copies that have already been sold out.

The covers are part of a association con Bored Ape Yacht Club (BAYC), one of the NFT collections that generates the highest volume of trade in the market. Just one of its tokens sold for more than $ 3.4 million recently, after its launch, reported by CriptoNoticias.

Bored Ape Yacht Club makes collections of digital art based on a monkey. In each of its non-fungible tokens you can see this friendly-looking animal with a look and a different facial expression. The alliance with Rolling Stone allowed him to put the iconic ape on the cover of his magazine.

The Bored Ape Yacht Club monkey made the cover of Rolling Stone magazine

In addition to releasing 2,500 paper magazines featuring the Bored Ape Yacht Club’s monkey face, Rolling Stone created two tokenized versions. In this way, the company debuted in the non-fungible token market based on Ethereum. The sale will be made through the SuperRare art platform.

The auction of the first two NFTs from Rolling Stone and Bored Ape Yacht Club started with a bid of 10 ether (ETH), the cryptocurrency with which you can buy. This figure is equivalent to USD 46,886, as revealed by the CriptoNoticias calculator at this time. Additionally, the companies plan to release five more non-fungible tokens.

This It is not the first time that an internationally recognized magazine has entered the NFT market. This year Time magazine also released its covers in non-expendable token format, as did Playboy who auctioned a collection.

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