CNN to shut down its NFT marketplace and issue 20% refund

CNN to shut down its NFT marketplace and issue 20% refund

The nonfungible token venture, originally scheduled with a half-year road map, lasted a little under four months. United States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs. In explaining the decision, CNN said Vault was a “6-week experiment” and a “first foray into Web3.‍”....


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