Grayscale CEO Michael Sonnenshein has revealed that TIME Magazine is taking adequate steps towards crypto adoption. He announced that there are three major developments towards crypto adoption.
Sonnenshein hasn’t yet revealed how much Bitcoin TIME intends to buy or how much payment TIME’s President will receive in Bitcoin. However, reports say that TIME is likely to make a multi-million dollar investment.
TIME Magazine has been taking the digitization and tokenization routes since last month. At the beginning of March 2021, many of its classic magazine covers have been tokenized into NFT tokens, which were then auctioned on the OpenSea trading site. In fact, TRON CEO Justin Sun bought one of the covers in TIME’s second series of NFTs for US$200,000.
TIME has announced that they will start accepting Bitcoin payments for subscriptions. The renowned magazine is looking for a new CFO, who is familiar with Bitcoin (BTC).
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