U.S. markets closed
  • S&P 500

    4,551.68
    -23.11 (-0.51%)
     
  • Dow 30

    35,490.69
    -266.19 (-0.74%)
     
  • Nasdaq

    15,235.84
    +0.12 (+0.00%)
     
  • Russell 2000

    2,252.49
    -43.58 (-1.90%)
     
  • Crude Oil

    82.16
    -0.50 (-0.60%)
     
  • Gold

    1,798.10
    -0.70 (-0.04%)
     
  • Silver

    24.12
    -0.07 (-0.27%)
     
  • EUR/USD

    1.1604
    -0.0003 (-0.02%)
     
  • 10-Yr Bond

    1.5290
    -0.0900 (-5.56%)
     
  • GBP/USD

    1.3740
    -0.0003 (-0.02%)
     
  • USD/JPY

    113.8000
    -0.0100 (-0.01%)
     
  • BTC-USD

    58,801.27
    -1,749.82 (-2.89%)
     
  • CMC Crypto 200

    1,406.02
    -68.31 (-4.63%)
     
  • FTSE 100

    7,253.27
    -24.35 (-0.33%)
     
  • Nikkei 225

    29,098.24
    -7.77 (-0.03%)
     

Fortune Raises Over $1.3M in Cover Art NFT Sale

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Business magazine Fortune has raised over $1.3 million in its first non-fungible token (NFT) sale.

  • Fortune auctioned a set of limited-edition NFTs of the cover of its crypto-themed August/September 2021 issue. The auction raised 429 ETH, the equivalent of over $1.3 million at the time of writing.

  • The lot sold out in a few minutes and the NFTs are fetching resale prices upwards of seven times the original listing, Fortune reported Friday.

  • The auction was held on NFT marketplace OpenSea, which experienced tech issues possibly as a result of the traffic experienced.

  • Tech editor Robert Hackett tweeted that Fortune would be donating 50% of the proceeds to non-profit organizations and holding the rest.

Related Stories