According to a recent press release, TIME magazine plans to keep an altcoin project on its balance sheet for the first time as part of its deal with crypto investment firm Galaxy Digital to educate readers about the metaverse.
Here is TIME magazine’s altcoin selection
As part of the partnership, the magazine reports that it will launch a TIME 100 Companies list for the metaverse and publish a weekly newsletter called Into the Metaverse. According to company representatives, the deal will be fully funded through Ethereum (ETH), which will be held on the TIME balance sheet. TIME has been holding Bitcoin since April after receiving payment in crypto for a deal with Grayscale. TIME and Galaxy Digital Communications officials declined to comment on the size of the deal, but it will reportedly take about six months.
The magazine will also host educational resources in a metadatabase on a new webpage called TIME for Learning, which will launch in December as part of the deal, according to the press release. The list will “highlight the companies that have had the most impact in the industry,” some of which may be Blockchain companies, while others will be “experienced businesses in the metadatabase” that can offer solutions. Finally, applications for the list will be open from Thursday to December 31, according to the press release.
Speaking of metaverse coins, cryptocoin.com You can find all the details for MBOX, which we have conveyed in the past hours, and that Binance stock exchange announced that it will invest.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.