Fortune Raises Over $1.3M in Cover Art NFT Sale
The magazine auctioned a set of limited-edition NFTs of the cover of its crypto-themed August/September 2021 issue.
Updated Sep 14, 2021 at 1:39 p.m. UTC
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Auction
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.
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