Business magazine Fortune has raised over $1.3 million in its first non-fungible token (NFT) sale.
- The lot sold out in a few minutes and the NFTs are fetching resale prices upwards of seven times the original listing, Fortune reported Friday.
- The auction was held on NFT marketplace OpenSea, which experienced tech issues possibly as a result of the traffic experienced.
- Tech editor Robert Hackett tweeted that Fortune would be donating 50% of the proceeds to non-profit organizations and holding the rest.
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.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6UQ2SF5VWNDURDUHMJP75S2KZQ.jpg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GC5LWSCP6NDFJA666PV27FWZHI.jpg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CVN3AVRHIRAVFJCUOC2VJDWYJQ.png )