Home News After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet

After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet

by Mikael Harris
4 views
After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet

Ethereum [ETH] will soon feature on TIME Magazine’s balance sheet as part of the publication’s partnership with crypto-investment firm Galaxy Digital. The partnership is aimed at educating its readers about the metaverse through a newsletter dubbed “Into the Metaverse.”

Furthermore, the popular media publication stayed “true to its crypto and Web3 focus” by carrying out the entire transaction in ETH. In fact, this also “marked a first for a major media organization,” a press release noted. It added,

“Additionally, TIME will hold ETH on its balance sheet for the first time. This payment follows TIME beginning to accept cryptocurrency as a form of payment for digital subscriptions in April 2021 as the brand continues to expand into the cryptocurrency space.”

Along with the newsletter, the magazine will also be launching a TIME 100 Companies list for the metaverse. This will highlight companies that are making the blockchain and crypto-space more accessible, along with those providing solutions for the meaningful development of the metaverse sector.

Ether will be joining Bitcoin as the second cryptocurrency to feature on TIME’s balance sheet. It was paid in the top cryptocurrency for a deal with another investment management firm, Grayscale, back in April. The deal also included the release of a series of educational videos about0 the industry.

Back in March, TIME had released a series of three TIME covers as non-fungible tokens at an auction. This included the first-ever cover designed exclusively as an NFT.

While TIME magazine’s Ethereum holdings remain unprecedented in the world of media, several institutional investors are looking at the network as a viable investment asset. Currently, Ether also features on the balance sheets of Galaxy Digital, crypto-exchange Coinbase, and Hive Blockchain.

Since most of these are admittedly companies operating in the crypto-space, TIME magazine’s ETH foray could be considered an even more significant event.

Where to Invest?

Subscribe to our newsletter

Anjali is a full-time journalist at AMBCrypto. With a strong background in humanities, her personal inclination lies towards the political and socio-economic aspects of the crypto-sphere

Read More

Related Articles

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

NEWS7.ASIA :After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet
https://www.newmen.biz/shop/   https://consortec.org   https://1stglobalvillage.com   https://terrafestival.org   https://www.1001vins.info/  
--
In world first, Germany convicts Syrian regime officer of crimes against humanity *  Bimekizumab Shows Promise in Moderate-to-Severe Plaque Psoriasis *  Effaroucheurs à Oiseaux tête de Chat (Lot de 2) *  Croix Sainte Eulalie Vin Rouge France Languedoc Roussillon Domaine Armandélis 2012 75 cl *  En Indonésie, des milliers de villageois fuient l’éruption du volcan Semeru *  * LOVIVER 3pcs Heart Pattern Stainless Crémation Urn Ash Memorial Container Jar Mini *  This Week in Southeastern Athletics – November 8-14, 2021 *  https://www.olympic-games-2024.com/   https://droles-danimaux.com   https://www.lesmeilleurs.site/   https://cleaninghome.net   https://www.atelier-aquariophilie.com   https://artfine.net   https://pushkarfair-india.com   https://lingedelitpascher.com   https://www.maillot-de-bain-pour-femme-musulmane.com/   https://www.come2europe.eu   https://deguise-moi.com   https://maillot-de-bain.biz   https://www.alcor-uk.com   https://myster-jeepeg.com   After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet : news7

news7.asia After Bitcoin, Ethereum next to feature on TIME Magazine’s balance sheet