Deel dit artikel
SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’
The newspaper has found a brisk business in selling NFTs of its historical front pages, clearing $127,000 in its last auction.
Door Sam Reynolds
In this article
Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post (SCMP) appears to have found one in selling non-fungible tokens (NFT) of its front pages from historical events, and has such confidence in the business that it is spinning it off into its own division called Artifact Labs.
- The SCMP’s NFTs are front pages from historical events such as the handover of Hong Kong to China in 1997, the Avian flu outbreak, the Asian Financial Crisis and the death of the U.K.'s Princess Diana.
- Its NFT collection exists on Flow, a blockchain built by Dapper Labs, which also powers NBA’s Top Shot collection.
- Buyers can bid on a specific NFT from a historical event, or buy a mystery box of front pages from selected events.
- In its last auction, the newspaper sold over 1,000 NFTs and brought in approximately $127,000.
- “SCMP’s creation of ‘Artifact Labs’ to explore the potential of blockchain applications for media is a transformational step for our 118-year old organization,” said SCMP Chairman Joe Tsai.
- Tsai is also the co-founder and executive vice-chairman of Alibaba (BABA).
- SCMP will continue to be a shareholder in Artifact Labs and will seek third-party capital to help fund the company’s growth, according to a press release.
- In late December, Tsai tweeted: “I like crypto,” hinting at the future expansion of his businesses into crypto. As mainland China-based Alibaba can’t get deeply involved in crypto, SCMP’s foray into NFTs is a logical step for his crypto expansion.
Read more: South China Morning Post to Mint Historical Records as NFTs
STORY CONTINUES BELOW
Mis geen enkel verhaal.Abonneer je vandaag nog op de Crypto Daybook Americas Nieuwsbrief. Bekijk Alle Nieuwsbrieven
Meer voor jou
Wat u moet weten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Meer voor jou
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Wat u moet weten:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
