Forbes NFT cover sells for $333,333

Anirudh Tiwari of Yahoo News reports that the Forbes cover that is being auctioned as a nonfungible token (NFT) has a top bid of $333,000. A Forbes spokeswoman tells Talking Biz News that it sold for $333,333.

Tiwari reports, “For the Forbes NFT, this is a stark growth from the initial bid of $350. Proceeds from the auction will support the Committee to Protect Journalists (CPJ) and the International Women’s Media Foundation (IWMF). The other bids for the NFT ranking from number 2 to number 5 are currently in the $198,000 range.

“Essentially, the NFT is a transformation of the American business magazine’s latest cover. A first for the publishing industry, like Forbes, professed. The NFT version of the cover depicts the Winklevoss twins, whose NFT platform Nifty Gateway hosts the auction. World-renowned artist Yoshi Sodeoka produced the NFT, using Michael Prince’s original cover.

“Cameron and Tyler Winklevoss, who have a combined net worth of $6 billion, purchased Nifty Gateway back in 2019. In addition to being the subject of the Billionaire Issue’s cover story, ‘Revenge of the Winklevii,’ they were also among the Crypto founders listed on the Forbes 2021 Billionaires List.”

Read more here. Amir Soleymani, a Liverpool-based collector of NFTs, contemporary and pop art, bought the NFT.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.