The non-fungible tokens business has come and gone, which is why CNN is jumping out of the digital market.
CNN announced that it was ending Vault by CNN, a program that sold historical footage from the cable news channel’s vault.
The cable news channel began selling the NFTs, which it calls Moments, in June 2021, after the unique digital tokens took off in popularity.
Vault by CNN stated that while working alongside collectors, artists and journalists worldwide was a privilege, it was time to “say goodbye” to the program.
“Vault was originally launched as a 6-week experiment, but the support and engagement from our community let us expand this project into something much larger,” the group said in a statement.
“Thank you to each of you for your interest and engagement in what we built together.”
Despite Vault by CNN dissolving, the NFT collection intends to “live on,” the statement said, and more details on the digital tokens are available on the program’s Discord channel.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
