Key Takeaways

  • TIME says that it’s making a collection of academic crypto movies with the funding agency Grayscale.
  • The corporate additionally plans to place Bitcoin on its steadiness sheet and pay its president, Keith Grossman, in Bitcoin.
  • TIME beforehand created a collection of NFTs and is planning to simply accept crypto as cost for subscriptions.

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TIME Journal is taking additional steps towards crypto adoption, as revealed today by Grayscale CEO Michael Sonnenshein.

Three Huge Bulletins

Sonnenshein famous that the corporate is taking three actions. First, TIME is partnering with Grayscale to launch a collection of academic movies, which might be broadcast this summer season.

Second, TIME as an organization will maintain Bitcoin on its steadiness sheet. Which means the agency is investing just like these made by Tesla and MicroStrategy in current months.

Lastly, Keith Grossman, who has served because the president of TIME since July 2019, might be paid in Bitcoin.

Sonnenshein didn’t say how a lot Bitcoin TIME intends to buy, or how a lot Grossman might be paid. Nonetheless, it appears seemingly that the agency will make a multi-million greenback funding.

TIME’s Different Efforts

That is considered one of a number of cryptocurrency-related bulletins that TIME Journal has revamped the previous month.

Starting in March, TIME turned several of its traditional journal covers into NFT tokens and auctioned them on the buying and selling web site OpenSea. One of many covers in TIME’s second collection of NFTs was purchased for $200,000 by TRON CEO Justin Solar.

TIME has additionally introduced that it’ll settle for Bitcoin funds for subscriptions and that it’s hiring a CFO conversant in Bitcoin.

On the time of scripting this writer held lower than $75 of Bitcoin, Ethereum, and altcoins.

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