34 min

How Time magazine made $10m selling NFTs, with Time president Keith Grossman The Future of Media, Explained - from Press Gazette

    • Business

This week, Press Gazette reporter Bron Maher speaks with Time president Keith Grossman about how he's used NFTs to shepherd the magazine from "legacy media" status into Web3 - and netted the publisher a whopping $10m in the process. Grossman says that despite declining sales volumes across the market, Time's NFT revenues are going strong - and that even if they weren't, Time's investment in Web3 is about much more than short-term profit. 
You can read more of our coverage at pressgazette.co.uk.

Hosted on Acast. See acast.com/privacy for more information.

This week, Press Gazette reporter Bron Maher speaks with Time president Keith Grossman about how he's used NFTs to shepherd the magazine from "legacy media" status into Web3 - and netted the publisher a whopping $10m in the process. Grossman says that despite declining sales volumes across the market, Time's NFT revenues are going strong - and that even if they weren't, Time's investment in Web3 is about much more than short-term profit. 
You can read more of our coverage at pressgazette.co.uk.

Hosted on Acast. See acast.com/privacy for more information.

34 min