OKX partners with Jack Ma-owned newspaper to launch NFTs

economictimes.indiatimes.com:

OKX, a crypto trading platform, has announced a partnership with Jack Ma-owned South China Morning Post (SCMP), a 118-year-old Hong-Kong based English daily, to create NFTs. OKX, which claims to be the world’s second-largest crypto exchange by spot trading volume, will enable the publication to create NFTs of their historical archives consisting of video clips, stories and coverage of historical events. Jay Hao, OKX CEO, said, «There is significant potential in the crypto and metaverse space and OKX is striving to create a more welcoming environment for all. Our collaboration with SCMP is just the beginning of this ambitious program.»

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The first drop is lined up for the second half of March 2022. The newspaper is all set to highlight contemporary reports revolving around the Handover of Hong Kong from British to Chinese rule, the Asian Financial Crisis, the deaths of Deng Xiaoping and Princess Diana, the Avian flu outbreak and more. «Through our artifacts whitepaper, we look forward to inspiring other ‘guardians of history’ to share our vision of making history more discoverable, connected, and collectable,» said Gary Liu, CEO, South China Morning Post. The content-driven NFTs will create new revenue streams for legacy media organizations and serve as a connecting link between the current generation and rich historical events which shaped the modern world. OKX is serving users in more than 100 countries with Bitcoin futures trading volume of $1.5 billion daily, it said. Apart from futures, OKX provides spot, margin, options, and perpetual swaps, DeFi, lending, and mining services.