April 13, 2020
By Priyanka Shetty
Forbes has exhibited a first-of-its-kind NFT project for the media industry called virtual Billionaires NFT collection.
Here’s what we know:
The collection includes a set of fictional investors with an enormous theoretical portfolio and virtual net worth based on live New York Stock Exchange pricing. Each NFT Billionaire will have captivating hobbies to kooky accessories that will be ranked daily on the forthcoming Forbes Virtual NFT Billionaires List.
Forbes has partnered with FTX, a leading global cryptocurrency exchange, to launch an ERC-721 token on April 13. Early access to the collection is available to Forbes subscribers on April 11.
Forbes Virtual NFT Billionaires will have their own profile page on Forbes.com and a public wallet address listed with the Billionaire that they own on the Forbes.com official ranking.
“The launch of this collection is an important step as Forbes embraces Web3 and digital assets. Last year, we turned a Forbes cover into an NFT, demonstrating that journalism is as immutable as a piece of one-of-a-kind artwork”, said Vadim Supitskiy, Chief Technology Officer, Forbes.
“With the Forbes virtual Billionaires NFT collection, we are seeing an established and reputable media company endeavor into the blockchain industry,” said Tristan Yver, Head of Strategy at FTX US.
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