The South China Morning Put up has launched its ‘Artifact’ litepaper for recording accounts of historical past and historic property on blockchain as non-fungible tokens (NFTs).
The Alibaba-owned media firm stated its ‘Artifact’ undertaking will start with a couple of chosen blockchains, with the intention to be chain-agnostic in the long term and may have the power to challenge authenticated ‘Artifacts’ at launch.
The undertaking roadmap contains plans for a decentralized authentication course of that may ultimately enable for anybody to tokenize property utilizing the ‘Artifact’’ customary.
“The South China Morning Put up is dedicated to partaking and educating a worldwide viewers with info and expertise,” stated Gary Liu, the chief govt officer of SCMP.
“Blockchain provides immense potential to immutably protect journalism that witnesses and explains historical past. The ‘Artifact’’ undertaking is a chance to find, accumulate, showcase, commerce, and reanimate significant moments and objects from our collective human expertise and we’re excited to introduce this customary to the world.”
SCMP goals to create a standardized metadata construction that anybody can use to tokenize historical past as NFTs, which will likely be referred to as ‘Artifacts’. This permits historical past to be found, linked and picked up in a significant means.
SCMP plans to showcase using this customary with an NFT assortment drawn from the group’s historic archives below the title ‘Artifacts by SCMP’.
By tokenizing key moments from SCMP’s 118-year-old assortment of media property, it goals to take the primary steps in the direction of creating better worth from the information group’s “first drafts of historical past”.
Future plans embrace SCMP working in the direction of inviting different companions to tokenize accounts of historical past and historic property as ‘Artifacts’.
SCMP can even discover how finest to serve a neighborhood of collectors through an ‘Artifacts’’ platform and market, together with the creation of a Decentralized Autonomous Organisation (DAO) to decentralize long-term undertaking governance.