SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post (SCMP) appears to have found one in selling non-fungible tokens (NFT) of its front pages from historical events, and has such confidence in the business that it is spinning it off into its own division called Artifact Labs.

Source: https://www.coindesk.com/markets/2022/03/16/scmp-spinning-off-nft-business-into-new-firm-artifact-labs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines