Time Magazine published its 'Is God Dead?' magazine cover on April 8th, 1966 and there's now a digital collectible version inspired by the cover that's been released in the NFT market.
The exclusive cover art appeals to art collectors who are looking to own a unique piece of history, as the 1966 cover made history as the magazine’s first to feature only text. In 2017, Time Magazine followed up its iconic text-only cover with 'Is Truth Dead?' and now, there's an NFT-only cover that asks 'Is Fiat Dead?' The three covers are up for auction for a limited time on SuperRare.
Digital assets are appealing to those who are looking to own items that are exclusive and backed by data on the decentralized blockchain.
NFT Magazine Covers
Time Magazine Released Exclusive Covers Inspired by a 1966 Front Page
Trend Themes
1. Exclusive NFT Magazine Covers - The trend of creating exclusive NFT versions of iconic magazine covers presents an opportunity for companies to tap into the growing market for digital collectibles.
2. Historic NFT Collectibles - The trend of creating NFT versions of historic items like Time Magazine covers presents an opportunity to digitize history and offer unique collectibles.
3. Blockchain-backed Collectibles - The trend of issuing blockchain-backed collectibles presents an opportunity for new, secure forms of ownership and investment.
Industry Implications
1. Art Collecting - NFT magazine covers and other digital art collectibles present an opportunity for the art collecting industry to expand into the world of blockchain-based ownership.
2. Journalism and Media - Publishers and media outlets can create and sell NFT versions of historic covers and articles as a new revenue stream and way to engage with readers.
3. Tech and Blockchain - Companies in the tech and blockchain industries have an opportunity to develop platforms for creating, buying, and selling digital collectibles, including NFT magazine covers.