LOS ANGELES, March 29, 2021 / PRNewswire / – TIME has auctioned off three NFTs inspired by some of their most iconic covers. Club house influencer Jin yu aka WOLFxLION and NY Times bestselling author Rahaf Harfoush hosted and moderated the event with the president of TIME magazine Keith grossman. The 4 NFTs sold for around $ 435,600 total. The collection was listed on the SuperRare stock exchange and began on Wednesday March 24 at 8 p.m. ET.

This is an exclusive series of three incredibly premonitory TIME blankets, including one of the most iconic blankets in TIME’s 98-year history, and the very first blanket designed exclusively in NFT. NFT stands for Non-Fungible Token, which means it is unique and cannot be replaced with anything else. Recently, NFTs have generated millions with a $ 69.3 million sale by Beeple, a $ 6.6 million sale by Grimes and $ 11.6 million sale by 3LAU.

The hall began with a lecture by Keith grossman, the president of TIME, describing the history of TIME and how they are innovating in the collectibles industry thanks to the provenance of the blockchain in the form of NFT. TIME will start accepting cryptocurrency as a payment method for digital subscriptions and even pay its employees in optional crypto. TIME is currently looking for a CFO who has a comfort level with crypto and blockchain.

“Jin aka WOLFxLION was instrumental in launching the TIME community on the Clubhouse platform, which coincided with a historic decline in NFT. Not only did he help moderate our community’s first session, he helped us also advised throughout the experience and graciously opened his network of It is thanks to his advice and his network that TIME was connected to Amir, who invested in the three covers for 276 ETH ($ 383K). Jin has gone above and beyond as a partner and I have personally appreciated everything he has done to help ensure the success of TIME. He is an amazing person and his support and partnership will always be appreciated, ”said Keith A. Grossman, President, TIME

Co-founder and CEO of SuperRare John crane joined the conversation by talking about how SuperRare organizes their items for auction. He also spoke about the historical anecdotes of TIME NFT. The NFTs sold feature famous TIME covers, including a cover that read “Is God Dead?” “” Is the truth dead? And “Is Fiat dead?”

Jin yu is the co-founder of VEZT.co, the world’s leading blockchain royalty marketplace, and the Talk Nerdy to Me room on Clubhouse which has 170,000 members. “I hosted Howard marks, co-founder of Activision, Kevin lin, co-founder of Twitch, Bob pittman, CEO and President of iHeartMedia, Pete cashmore, founder of Mashable, Marc Randolf, co-founder of Netflix, Zac Posen, Chriselle Lim, Jacques Paul and much more. We dropped the Pussy Riot NFT sale and took it from $ 20,000 at $ 187,000 in two hours. Pussy Riot is a Russian feminist punk rock and performance art protest group based in Moscow who was named Woman of the Year by TIME magazine, ”said Yu.

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SOURCE WOLFxLION