Want to Own a Piece of CNN’s News History? There’s an NFT for That

The cable news network is launching an NFT collection on the Flow blockchain, and buyers can pay with fiat.

Jun 18, 2021 at 12:43 a.m. UTC
Updated Sep 14, 2021 at 1:13 p.m. UTC

CNN is getting into the non-fungible token (NFT) market. Later this month, the media giant will launch “Vault by CNN,” an NFT collection minted on the Flow blockchain featuring moments from the cable news network’s 41-year history.

CNN has not specified the exact moments it will include in the first of six weekly releases, but according to a CNN press release, the collection could feature scenes from U.S. presidential elections, key moments in world history and early CNN exclusive footage.

CNN’s NFT collection is one of many recent attempts by well-known companies, including luxury car manufacturer McLaren, to enter the crowded NFT market. The collection is also noteworthy for being one in a series of recent NFT experiments by television networks, like Fox Entertainment’s $100 million investment in an NFT project with Dan Harmon, creator of the "Rick and Morty" sitcom.

Unlike most NFT collections, the NFTs in the “Vault by CNN” collection can be bought with fiat. Potential buyers must make an account with a digital wallet called Blocto and may then pay for the NFTs with credit cards via Stripe.

According to CNN, the NFT buyers will then “own the digital copy for collectible purposes,” and be able to display their NFTs, called “Moments,” on a user page in CNN’s Vault website. In certain cases, limited edition NFT sets will come with a physical video display case to showcase the purchased Moment.


Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
5 Key Takeaways From a16z's State of Crypto Report

The venture firm is extremely bullish on Web 3.

The venture firm is extremely bullish on Web 3.

CoinDesk - Unknown
2
CoinDesk - Unknown
Regulators Are Paying Attention to UST

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

CoinDesk - Unknown
3
CoinDesk - Unknown
San Francisco NFL Player Alex Barrett Taking His Salary in Bitcoin

The most valuable crypto stories for Thursday, May 20, 2022.

The most valuable crypto stories for Thursday, May 20, 2022.

CoinDesk - Unknown
4
CoinDesk - Unknown
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

CoinDesk - Unknown