American multinational business magazine Fortune has joined hands with Graphic artist pplpleasr, who has worked with DeFi (Decentralized finance) protocols such as Uniswap, SushiSwap, and Pickle Finance for an NFT (non-fungible tokens) release.
Fortune‘s August September 2021 issue titled “Crypto vs. Wall Street” will be put up for sale as a limited series of NFTs and it will go live on August 6. The auction will occur on OpenSea, the biggest peer to peer marketplace for NFTs and other crypto collectibles. The bidding will start at 12 pm ET and it will close at 9 pm on August 9.
To complement the title, pplpleasr (aka Emily Yang) has illustrated the rabbit hole world of DeFi on the cover featuring the mascots of famous projects. Uniswap’s unicorn mascot, Meamask’s fox, and Aave’s ghost are portrayed on the cover page next to crypto influencers like CryptoCobain and Loomdart. The fanciful piece features crypto portal towers, multi-storey buildings, overshadowing outlines of banks, and the well-known stock market symbol of the bull.
The Fortune Magazine’s drop will feature 256 limited editions of the digital artist’s animated art as NFTs. These NFTs are available to purchase for 1 Ether (ETH) each in the auction. In addition to this, three rare extra NFTs will also go up for bidding. These additional and rarest NFTs are the outcome of Fortune’s collaboration with an NFT production company named Manifold on custom smart contracts. These rarest versions have more detailed graphics and they are programmed in a way to respond to a fixed list of buyer Ethereum addresses.
The graphics of these NFTs change when a bid arrives from one of the listed buyer’s addresses. The NFT will upgrade to a unique edition artwork created exactly for the buyer. As per a media report, Fortune will use fifty percent of the proceedings for charity.
Since its launch in 1930, Fortune has been publishing stories on business, finance, and technology updates for the international audience. It is one of the earliest mainstream media houses which paid attention to the coverage of digital currency trends in the very beginning of the cryptocurrency wave with the launch of a dedicated project called The Ledger franchise.
In 2017, the United States’ top-100 longest-running magazines, booked a section for cryptocurrency currencies to be reported on. In 2021, the same outlet is entering the world of NFTs with an artist ranked number 5 on Fortune’s inaugural NFTy 50 list of the industry’s top influencers.
Pplpleasr, based in New York City came to the limelight of NFT space in recent months by creating a launch promo video for Uniswap v3. It stimulated the formation of a prolific NFT investment club named PleasrDAO. She started a new movement in the industry through paid promo videos explaining the decentralized finance protocols using rich symbolism.
Her video which decentralized exchange Uniswap’s most advanced algorithm brings an arid desert to life was sold for $525,000 (310 ETH) as an NFT. She has created visual graphics for motion pictures, like Batman v Superman, Star Trek Beyond, and Wonder Woman.
Nithya P Nair is a journalist based in South India. A regular contributor to Fintech News, she writes business and technology-related topics for the global audience. A postgraduate in mass communication and journalism, she has over five years of experience in the online space and worked with Times Internet, IBTimes, and One India.