Hong Kong newspaper SCMP tokenises 118-year archive as NFT

The oldest English-language newspaper in Hong Kong, South China Morning Post (SCMP)will release a series of NFTs using the ARTIFACT token standard designed to record historical assets on the blockchain.

The project aims to preserve documentary photographs, illustrations, and data visualisations and infographics from SCMP, which was founded in 1903.

“Blockchain offers enormous potential for the immutable preservation of journalism that bears witness to history and explains it. The ARTIFACT project is an opportunity to discover, assemble, display, trade and animate significant moments and objects from our collective human experience,” said the newspaper’s chief executive Gary Liu.

The idea behind SCMP is to create a decentralised metadata system that anyone could use to tokenise historical moments or objects as NFTs.

According to Cointelegraph, the newspaper’s metaverse will include Hong Kong landmarks such as the Kowloon Walled City and the Star Ferry pier.

As reported in March 2021, The New York Times journalist Kevin Roose sold his column about non-fungible tokens as an NFT for 350 ETH.

Earlier, American magazine TIME put up three of its provocative covers for auction in NFT format. A user under the pseudonym mondoir1 purchased them for 241 ETH.

In April, American men’s magazine Playboy put up for auction a collection of archival photographs in NFT format.

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