South China Morning Post to Mint Historical Records as NFTs

The SCMP introduced its ARTIFACT standard for recording historical accounts and assets on the blockchain as NFTs.

Jul 19, 2021 at 11:31 a.m. UTC
Updated Sep 14, 2021 at 1:27 p.m. UTC

The South China Morning Post (SCMP) has launched a non-fungible token (NFT) standard for recording historical records on the blockchain.

  • The newspaper introduced "ARTIFACT," a standardized model for recording accounts of history and historical assets on the blockchain as NFTs.
  • The paper, bought by Alibaba in 2016, will start with a collection of NFTs minted from historical moments drawn from the archive of its 118-year history.
  • The venture will harness "a few selected blockchains" the SCMP has yet to identify. The plan is for ARTIFACT to eventually be chain-agnostic.
  • While NFTs representing historical events have attained widespread popularity, these have been mainly for collectible purposes and often draw from the entertainment world, such as sport or music.
  • Minting records of historical interest in the form of newspaper articles could represent a compelling use case for blockchain technology.
  • "The Post believes that factual accounts of history and authentic historical assets should be immutable, and that ownership of these digitised and tokenised assets, which are part of our collective human experience, should be decentralised," the announcement said.
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
How Web 3 Changes Philanthropy

Rhys Lindmark, a "Big Ideas" speaker at CoinDesk's Consensus festival, on how the crypto generation could rewrite the rules of charitable giving.

Rhys Lindmark, a "Big Ideas" speaker at CoinDesk's Consensus festival, on how the crypto generation could rewrite the rules of charitable giving.

CoinDesk - Unknown
2
CoinDesk - Unknown
Market Wrap: Cryptos Decline Amid Bearish Sentiment

The bitcoin Fear & Greed Index reached its second-lowest record fear level in history. Analysts expect a period of lower returns.

The bitcoin Fear & Greed Index reached its second-lowest record fear level in history. Analysts expect a period of lower returns.

CoinDesk - Unknown
3
CoinDesk - Unknown
FTX's Bankman-Fried Is Already a Political Mega-Donor. He's Doubling Down

The effective altruist has given tens of millions of dollars to candidates. He's planning to contribute hundreds of millions of dollars more.

The effective altruist has given tens of millions of dollars to candidates. He's planning to contribute hundreds of millions of dollars more.

CoinDesk - Unknown
4
CoinDesk - Unknown
Oslo Freedom Forum and Why Bitcoin Matters

The annual conference showcases people and ideas working to increase freedom throughout the world.

The annual conference showcases people and ideas working to increase freedom throughout the world.

CoinDesk - Unknown