The iconic media brand Forbes today unveiled a preview of its virtual Billionaires NFT collection, a first of its kind NFT project for the media industry.
What is a Forbes Virtual NFT Billionaire?
Forbes Virtual NFT Billionaires collection includes a set of fictional investors with an enormous theoretical portfolio and virtual net worth based on live New York Stock Exchange (NYSE) pricing. Each NFT Billionaire will have compelling hobbies and an eccentric Forbes accessory that will be ranked daily on the forthcoming Forbes Virtual NFT Billionaires List.
Similar to the popular Forbes’ Billionaire list, Each ‘virtual billionaire’ will have their own profile page on Forbes.com. These profile pages will feature a custom illustrated headshot by Goodog and ItsACat, a group of 2D and 3D illustrators and animators based in Barcelona. Owners will also have their public wallet address listed with the Billionaire that they own on the Forbes.com official ranking.
Vadim Supitskiy, Chief Technology Officer, Forbes, said:
“The launch of this collection is an important step as Forbes embraces Web3 and digital assets, and it provides an opportunity for our audience to better engage in this space too. Last year, we turned a Forbes cover into an NFT, demonstrating that journalism is as immutable as a piece of one-of-a-kind artwork. In March, we shaped the conversation around digital assets and Web3 at our inaugural Summit. Now, we’re cementing our place in the Metaverse by launching these interactive collectibles that can be authenticated and traded on the blockchain.”
Forbes Partners With FTX To Launch Virtual Billionaire NFTs
Forbes has partnered with FTX, a leading global cryptocurrency exchange, to launch an ERC-721 token on April 13. Early access to the collection is available to Forbes subscribers on April 11. The sale includes an initial drop of 100 Virtual NFT Billionaires and, when the Forbes collection sells out, interested parties can still take part in the action by looking for Forbes Virtual NFT Billionaires for sale on any ERC-721 Marketplace.
Tristan Yver, Head of Strategy at FTX US, said:
“With the Forbes virtual Billionaires NFT collection, we are seeing an established and reputable media company endeavor into the blockchain industry. We are excited to partner with Forbes on their first NFT sale and will continue to encourage innovation and entry into the digital asset community.”
Forbes Embracing Web3
Forbes has been one of the early adopters of Web3 in the media industry. The NFT Billionaires collection is the latest in a series of contributions Forbes has made to the digital art and blockchain space.
On March 16, 2022, Forbes held its inaugural Digital Assets and Web3 Summit to gather key industry leaders – including Sam Bankman-Fried, Founder and CEO of FTX, and Kathleen Breitman, Co-Founder of Tezos – to discuss the future of digital assets and Web3. Attendees came together for a dynamic agenda of panels and fireside chats on topics including blue chip bitcoin, the impact of Web3 on the future of business, how blockchain is transforming ETF and what’s next for the NFT market.
In April 2021, Forbes was also the first in the industry to transform one of its covers into an NFT. The digital art – titled “Merchants of the Metaverse” and featuring Cameron and Tyler Winklevoss – was sold at a limited auction for $333,333, with all proceeds donated to the Committee to Protect Journalists (CPJ) and the International Women’s Media Foundation (IWMF).
How to participate in the sale event?
- Create an FTX US account at ftx.us.
- Follow the prompts to complete KYC verification.
- Deposit at least .25 ETH into your FTX account. This is the minimum amount needed to take part in our NFT Billionaire Collection sale.
- When the sale goes live, press the “Mint for X USD”. The sale is in a blind pack, so when you mint an NFT, you will get a random NFT from our collection. It will also show you how many Forbes NFT Billionaires have already been minted.
When the Forbes NFT Billionaires collection sells out, you can still take part in the action on the secondary market. Look for the Forbes Virtual NFT Billionaires for sale on any ERC-721 Marketplace, such as OpenSea.
To learn more about this new NFT collection visit here.
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