South China Morning Post To Turn Its ‘First Drafts of History’ Into NFTS

The South China Morning Post, a Hong Kong-based newspaper founded in 1903, revealed its plans to venture into the blockchain space.

The Hong Kong-based newspaper South China Morning Post (SCMP) plans to venture into the blockchain space via two projects.

• Artifact, is a new non-fungible token (NFT) standard designed to allow tokenizing of historic accounts and assets.
• The Sandbox, a blockchain-based virtual world developed by a subsidiary of Animoca Brands, to digitally recreate “Hong Kong’s history and iconic spaces through 118 years of journalism” via the platform’s NFT metaverse.

According to SCMP’s litepaper, its NFT project aims “to create a standard for recording accounts of history and historical assets on the blockchain, thereby ensuring immutability and decentralized ownership.”

In other words, the Artifact standard will allow for tokenization, verification, and trading of various historic assets—both digital and physical.

Each NFT will have a set of various data associated with it. This information can include basic bits, such as the token’s name, description, and date of creation, as well as more specific data such as relevant people and entities, geographical locations, and rarity.

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