After making various hands irreplaceable through community initiatives TIME PiecesTIME is currently considering implementing an NFT strategy for all future subscriptions to the infamous magazine.
The change in distribution structure migrates all subscriptions to TIMEPiece NFTs, which gives users the ability to own validated subscription rights and data.The latter here is related to the concerns of the company president Keith GrossExpressed concern that consumers are turning into just products “renters” used to extract data.
On the surface, it looks healthy, but the innovative concept inevitably raises questions. The most important thing is pricing. This is because the concept is essentially already in progress. This is because the previous four TIME Piece NFT drops (with a total average asset price of $ 1,000) already offer owners subscription rights to magazines and exclusive invitations to specific events.By comparison, those who buy using crypto Digital subscription The magazine (which started in March) only pays $ 24.
So far, not only Gross, but the entire company has yet to ascribe the pricing structure to a new concept. However, given Gross’ attempt to defend the TIME Piece NFT’s $ 1,000 price tag by stating that it would establish a stronger relationship with the magazine rather than simply buying it flat, that would be a significant side. increase. Or encryption.
Want more? Connect with NFT Plaza
Participate in the weekly newsletter
Participate in our discord
Follow us on twitter
Like us on Facebook
Follow us on Instagram
* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.
Team writer. 100% non-substitutable.