A day after Fox Corp. announced a deal to develop and sell non-fungible tokens (NFT) from its Fox-owned animated TV shows, CNN says it will create and sell NFTs from key news "moments."
CNN is calling its effort "Vault by CNN: Moments That Changed Us." It will include key moments in CNN’s history as a news channel.
The effort will start in late June, with CNN initially releasing six weekly NFT "drops" organized around themes including early CNN moments, world history, presidential elections, technology, and space travel.
Buyers can purchase these news digital collectibles and display those assets on their own online user page in a "vault." In addition, CNN will also offer a "physical representation" for buyers of their NFT that can be displayed on a desk or bookshelf.
NFTs are one-of-a-kind digital asset that buyers can own, sell or trade. Unlike other companies selling and/or creating NFTs, buyers of CNN digital assets can use a credit card.
Most NFT deals are bought and sold with cryptocurrency -- through blockchain technology. Still, CNN buyers will need to create a digital wallet through the blockchain company Blocto.
Earlier this week, Fox announced a $100 million-funded start up with its animated studio Bento Box Entertainment, with the creation of Blockchain Creative Labs.
The first NFT will come from animated series "Krapopolis" from producer Dan Harmon.