TIME to auction 3 NFT covers based upon iconic ‘Is God Dead?’ design

TIME Publication is embracing the blockchain digital art motion by auctioning three non-fungible tokens, or NFTs, influenced by a few of its most iconic covers throughout the years.

The American news magazine revealed Monday that the three NFTs will be sold both separately and as a collection on SuperRare, a digital-art trading platform, through March 24. The collection is based upon the style, “Is ___ Dead?” which refers to a series of provocative typological covers motivated by the initial April 8, 1966 rendition, “Is God Dead?” As TIME notes, this was the very first cover in the magazine’s history to include only typography with no image.

The NFT performance of “Is God Dead?” is now offered on SuperRare, along with TIME’s April 3, 2017 cover, “Is Reality Dead?” and the upcoming March 29/April 5 cover, “Is Fiat Dead?”

The concern “Is Fiat Dead?” referrals the meteoric decline in purchasing power of government-controlled currencies like the U.S. dollar. As TIME noted, a cryptocurrency like Bitcoin (BTC) is tough contemporary financial standards through its fixed supply and transparent monetary policy.

“I love the concept that its significance isn’t clear to the casual viewer– much like the insane, financially rewarding world of NFTs,” states TIME Creative Director D.W. Pine, who created the upcoming “Is Fiat Dead?” cover.The NFT market has actually exploded in appeal over the past year, with sales quadrupling in 2020 alone. As Cointelegraph recently reported, everybody from social media influencers to celebrities have actually welcomed NFTs.Investors are likewise taking notice. Simply recently, NFT marketplace OpenSea raised$23 million in Series A financing led by Andreessen Horowitz and angel investors including Mark Cuban, Tim Ferriss and Naval Ravikant. Released at Mon, 22 Mar 2021 16:30:00 +0000

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