Bitcoin News and Finance
American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers Skip to main content

American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers

American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers

The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin. Additionally, Time will be selling non-fungible token (NFT) assets via Superrare and in 30 days, the news outlet will be accepting crypto assets for digital subscription payments.

American News Company Time Is Looking for a CFO That Understands Bitcoin

A job listing posted to Linkedin shows that Time magazine, the American publishing company, plans to hire a new CFO who understands bitcoin and blockchain technology.

“The media industry is undergoing a rapid evolution,” the job advert notes. “Time is seeking a Chief Financial Officer who can help guide its transformation.”

The job offer also states that the interested party must have “comfort with bitcoin and cryptocurrencies” according to the listing’s qualifications section. Additionally, the individual must have over seven years in executive leadership positions.

Time Sells NFTs, Magazine Will Accept Digital Currencies for Digital Subscriptions Soon

In addition to looking for a CFO who understands bitcoin, Time is also auctioning off non-fungible token (NFT) assets based off of iconic cover designs. The publisher is auctioning the NFT called “Is Fiat Dead?” on Superrare with two other NFT covers. Currently, the highest bid for the “Is Fiat Dead?” NFT is 27.5 ETH or roughly $46k. The Time magazine special edition NFT is a repurposed cover from a cover published on April 8, 1966, called “Is God Dead?”

“The typography on the two most recent covers needed to be hand-drawn,” Time explains on the Superrare auction website. “As we could find no modern type foundry which has an exact interpretation of the one used on the original cover.”

Lastly, in another move from Time magazine, the company’s President Keith Grossman tweeted that Time will be accepting crypto assets for payments in the next 30 days. Collectibles will always be important but Time’s crypto ambitions are larger as we continue our digital transformation,” Grossman tweeted.

“Within 30-days, Time will accept cryptocurrencies for digital subscriptions with more to come via Julia LaRoche,” Grossman added.

What do you think about Time magazine getting into cryptocurrencies and blockchain technology? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory