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South China Morning Post to tokenize 118-year-old archive with NFTs



Veteran Hong Kong-based newspaper South China Morning Post (SCMP) is creating a sequence of NFTs utilizing a brand new token commonplace known as “ARTIFACT,” designed to protect historic property on the blockchain.

In its ARTIFACT Litepaper, SCMP presents an outline of the venture, which is a standardized metadata construction that can be utilized to make sure that key moments from SCMP’s 118-year-old archive of media property may be preserved by way of distributed possession and circulation.

Gary Liu, SCMP’s CEO, has mentioned that “blockchain offers immense potential to immutably preserve journalism that witnesses and explains history. The ‘ARTIFACT’ project is an opportunity to discover, collect, showcase, trade, and reanimate meaningful moments and objects from our collective human experience.”

SCMP’s NFTs shall be broadly impressed by the newspaper’s archive of documentary images, visible illustrations, information visualizations and infographics. Representing journalistic “first drafts of history,” these embody textual content, pictures, cartoons and illustrations amassed by SCMP over greater than a century.

Whereas the token commonplace shall be blockchain-agnostic in the long run, SCMP has chosen a number of blockchains to start its venture and unfold its potentialities. To assist to reanimate its historical past and have interaction a large viewers, it has entered into partnership with the Ethereum-based metaverse The Sandbox, a subsidiary of the blockchain startup Animoca Manufacturers. 

In collaboration with native recreation studios and digital artists, The Sandbox will create a sequence of 3D voxel-based interactive gaming and cultural experiences based mostly on trendy and historic landmarks and artifacts in Hong Kong and mainland China. 

Landmarks just like the Kowloon Walled Metropolis and the Star Ferry shall be built-in into the blockchain-based metaverse. Liu has indicated that gamers will, for instance, have the opportunity to just about expertise scenes from Hong Kong within the Nineteen Fifties and find out about its historic complexities by way of SCMP’s reporting from the time.

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The Sandbox has introduced that on July 22, gamers shall be ready to buy plots adjoining to the SCMP venture within the type of the metaverse’s native LAND tokens. Talking of the partnership, Liu informed the SCMP at the moment that “our hope is that over time, we will create metaverse environments for people to experience historical Hong Kong, historical China and to learn about the beauty and the complexity of this part of the world.”

Inside The Sandbox’s metaverse, LAND tokens may be grouped and assembled into digital estates by numerous of The Sandbox’s companions or customers. For instance, recreation developer Atari has used these scarce, digital areas to host 3D voxelized variations of its traditional video games.

Particular person gamers may also purchase LAND themselves and use them as areas for setting up and launching their very own unbiased gaming content material. 

So far, The Sandbox has had over 40 million international installs on cell and introduced in over 1,300 Ether (ETH) with the primary and second of its LAND presales. The metaverse is scheduled for an Alpha public launch this summer time.