CNN has announced the shutdown of its marketplace for historical NFTs, Vault by CNN.
Vault by CNN was created last year and offered buyers non-fungible tokens (NFTs) that commemorated major news events.
The news network curated photos and videos from its TV archives and minted them as NFTs using blockchain technology, which creates a unique identifier.
It also partnered with startup Infinite Objects to offer select buyers display cases, allowing them to show off their purchases physically inside their homes, as well as on user pages in the Vault.
Topics depicted by the NFTs ranged from presidential elections to space launches. A recent collaboration with Jeremy Fall’s Probably Nothing commemorated the release of Nelson Mandela from prison.
In a statement shared on Twitter, Vault by CNN said the decision had been taken to “say goodbye” to the project.
Vault by CNN said that while it was honoured to have worked alongside collectors, artists and journalists worldwide, it was time to say goodbye to the program.
“Vault was originally launched as a 6-week experiment, but the support and engagement from our community let us expand this project into something much larger,” the group said in the statement.
“Thank you to each of you for your interest and engagement in what we built together.”
No specific reason was given for the move.
While Vault by CNN will disband, the NFT collection will “live on,” the statement reads, and more information on the digital tokens is available on the program’s Discord channel.
