El Salvador’s Hilton Hotel Ventures into Tokenised Debt on BTC
A minimum $1,000 investment will need to be made by investors to purchase the token, which will be issued on the BTC layer 2 network.
As we see more and more cryptocurrency adoption with retailers and institutional investors buying tokens, we’re continuing to see how blockchain is introduced in other aspects like non-fungible tokens (NFTs) as collectables. In the most recent launch of NFTs, CNN has announced that “anyone can own a piece of history” in the form of collectable historic moments in the media’s news.
The NFT project, “Vault by CNN: Moments That Changed Us” has a series of incredible moments in history from the past four decades that have been tokenised for purchase. Some of these tokens might be limited editions, with only one or a few for sale, while others might be an open series.
“For more than 40 years, CNN has taken you on extraordinary journeys telling the stories of our time. Now, Vault by CNN offers you a new way to own and experience some of those historic Moments that changed us and the world.”
The Vault’s collectables have not been launched yet and it remains to be seen which moments will be for sale. The firm has noted that it will cover exclusive stories and content from CNN, world history, iconic moments and presidential elections. According to CNN, the initial launch will see six weekly drops from the end of June.
How will the NFTs work?
CNN has opted to mint the NFTs on the Flow blockchain because of its energy-efficient proof-of-stake consensus mechanism. This blockchain also hosts the NBA Top Shot collection and has credibility from that NFT collection’s success.
Once tokenised, users will be able to buy and store their moments on CNN’s vault. The media firm has noted that cryptocurrency is not necessary to purchase the NFTs and that credit card payments will be accepted. To see what tokens might be available, users need to subscribe and sign up to the Vault’s newsletter.