The South China Morning Post (SCMP) has released a white paper detailing its new non-fungible token (NFT) metadata standard called Artifact. The standard will be used to mint historical NFTs, including the SCMP’s own inaugural NFT collection.
- The SCMP said that Artifact’s metadata structure will be built on the Flow blockchain that was originally created by Dapper Labs, the makers of the popular NBA Top Shot video NFTs.
- The Artifact white paper outlines a proposed governance structure as well as the development of a dedicated marketplace for the sale of historical NFTs.
- The SCMP, which was bought by Chinese tech giant Alibaba in 2016, first announced its plans to develop Artifact back in July.
- “Through our Artifact 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, SCMP’s CEO, in a statement.
- “We’re proud for SCMP to launch this visionary project that reanimates meaningful historical moments and we’re excited they have chosen Flow to be the foundation of Artifact’s launch protocol,” said Mickey Maher, SVP, Partnerships, Dapper Labs.