Set as Homepage - Add to Favorites

【I Am a Plaything】

Source：Exquisite Information Network Editor：Entertainment Time：2025-06-27 00:08:14

Need more proof that the NFT craze has died down?I Am a Plaything CNN has given up on Vault, the company's NFT marketplace, after just one year.

The company has recently announced it's shutting down the Vault (via The Verge). Without going into specifics about the shutdown, CNN said the Vault was originally launched as a six-week experiment, but it was later expanded into "something much larger."

CNN launched the Vault in June 2021, in which it sold NFTs (non-fungible tokens) called Moments, based on some of CNN's "historical moments." For example, you could get an NFT based on a CNN report that George W. Bush was re-elected for the low, low price of $500.

You May Also Like

The Vault by CNN site is still live, and it appears that you can still purchase NFTs there. There's no word on when or if it will be shut down completely.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!
SEE ALSO: What are NFTs? Everything you need to know.

Here is a primer on what NFTs are and how they work. Suffice to say that they're cryptocurrency tokens where each NFT has unique properties and cannot be duplicated, and that many of them were very expensive during the height of their popularity in 2021 and early 2022.

CNN's take on NFTs now looks bizarre, though it's not much different from numerous other companies jumping on the bandwagon. The NFT market, however, is not what it was, with sales volumes dropping significantly and many NFTs which were previously sold for hundreds or thousands of dollars now unable to find a buyer. According to DappRadar's data, NFT marketplace OpenSea now typically has a daily volume of about $10 million in sales, down from hundreds of millions per day in January and February this year.

Related Stories
  • What are NFTs? Everything you need to know.
  • You can spend millions to own Jack Dorsey's first tweet as an NFT, for some reason
  • Think cryptocurrency is bad? NFTs are even worse.
  • So you spent millions on an NFT. Here's what you actually bought.
  • Elon Musk made a song about NFTs, and he's selling it as an NFT

As for CNN's Vault and its demise, suffice to say the news did not sit well with people who bought and/or traded CNN's NFTs. The comments on the site's official Discord, as well as on Twitter, mostly range from anger to jokes about rug pulls, which in crypto lingo means grabbing some quick cash and then suddenly abandoning a project, leaving investors in the dirt.

According to The Verge, CNN said in its Discord channel that it plans to compensate “thousands of collectors” for “roughly 20% of original mint price” for each NFT, but it’s still working on the details.

Topics Cryptocurrency

Previous：Stablecoin bill advances in U.S. Senate as Trump critics call to end his crypto dealings

Next：How to unblock Xnxx for free

Related Articles
Related Recommendations
Categories
Latest Articles
Popular Articles
Hot Recommendations
Featured Column

Quick Links

Beducated has a new AI sex coachIt's Dante's Birthday, Maybe ...California governor vetoes bill requiring human drivers in autonomous trucks'Quordle' today: See each 'Quordle' answer and hints for September 24, 2023Joe Rogan's COVID lies prompt an open letter and a new round of backlash for SpotifyCalifornia governor vetoes bill requiring human drivers in autonomous trucksYou can finally buy Apple's $19 polishing cloth againWindows 11 is going passwordless. Here's what you'll be using instead.What Was the College Widow?Here's how to get free COVID tests delivered to your door right nowThe Golden Ratio—Not Always a Thing of BeautyD.H. Lawrence to Bertrand Russell: “Be a Baby, Not an Ego”A Perfect Summer Song—Erasmo Carlos’s 26 Anos de Vida NormalBest MacBook deals: 15Hie We Away to the Woodland SceneWhere We Live: David Graham’s Photos of American HomesWhat Was the College Widow?Leon Golub’s “Riot” & the Art World’s Political Blindness“Holiday in the Protectorate” and the Ethics of RoleThe Golden Ratio—Not Always a Thing of Beauty Shark just announced the FlexStyle Sparkle: Available for pre New Google Pixel 8a just dropped: Price, release date, and more Amazon deals of the day: Kindle Paperwhite, Beats Studio Buds, select gift cards, and Echo Show 8 Save up to 28% on Amazon Kindles Apple iPad Pro 2024: Thinner and lighter than ever Lyft deal: Spend $100, save $15 on a Lyft gift card Vivo unveils self SAIC starts operations at new $14 million battery plant in Thailand: report · TechNode Google Pixel 8a vs. Pixel 8: What are the differences? Met Gala 2024: Katy Perry and Rihanna AI Baidu orders AI chips from Huawei as alternative to Nvidia: report · TechNode 3 ways to record a phone call on an iPhone Apple announces new iPad Air Baidu names new head of autonomous driving in reality check: report · TechNode VW’s Cariad, Vivo form joint lab for in Mother's Day deals 2024: Amazon devices & accessories Met Gala 2024 was filled with floral fashion. The internet had thoughts. iPad Air 2024: Release date, price, new features, and rumors Alibaba’s logistics unit Cainiao proposes buyout offer for rival Best · TechNode Apple May 7 event livestream: How to watch iPad announcement live

1.7142s , 8208.484375 kb

Copyright © 2025 Powered by 【I Am a Plaything】,Exquisite Information Network  

Sitemap

Top

Quick Links