In the rapidly evolving world of blockchain technology, nonfungible tokens (NFTs) have emerged as an asset class offering a unique opportunity to own many kinds of digital items — both rare and valuable. Since the initial boom of NFTs manifested through the world of collectible digital art (such as Bored Ape Yacht Club and CryptoPunks), the past year has seen digital collectibles utilized in various other interesting real-world use cases. Cointelegraph’s Historical Collection is a prime example of this.
The Historical Collection is an initiative that allows individuals to own a piece of history by minting any article published on Cointelegraph as a digital collectible. It offers an opportunity to search for iconic art and headlines or hunt for hot, breaking news early to mint on the Polygon blockchain.
CHECK OUT THE COINTELEGRAPH HISTORICAL COLLECTION
Since its debut, the collection has seen nearly 1,100 minted versions of numerous Cointelegraph articles being resold as collectibles, making their availability scarce, as each article can be minted only a certain number of times. Interestingly, only 3% of these articles are listed for secondary sale, indicating that many people are buying them as long-term or sentimental investments.
Becoming part of history
While celebrating the success of innovative projects, it’s crucial to address the looming specter of artificial intelligence (AI) in the digital content landscape. AI’s capacity to generate vast amounts of content could potentially disrupt the ways people consume and monetize free content.
Ivan Sokolov, co-founder of Mintmade — a platform designed for creating digital collectibles natively integrated into news media outlets — told Cointelegraph that moving forward, owning such pieces of content in today’s digital age will be highly significant, explaining:
“By owning articles, people are showing that they care about the internet we know: free, accessible and trustworthy. If AI continues to disrupt the ways we monetize free content, we could face…..