Set as Homepage - Add to Favorites

【Watch Black Water: Abyss Online】

Source：Warmth Information Network Editor：Entertainment Time：2025-06-27 10:06:48

Need more proof that the NFT craze has died down?Watch Black Water: Abyss Online CNN has given up on Vault, the company's NFT marketplace, after just one year.

The company has recently announced it's shutting down the Vault (via The Verge). Without going into specifics about the shutdown, CNN said the Vault was originally launched as a six-week experiment, but it was later expanded into "something much larger."

CNN launched the Vault in June 2021, in which it sold NFTs (non-fungible tokens) called Moments, based on some of CNN's "historical moments." For example, you could get an NFT based on a CNN report that George W. Bush was re-elected for the low, low price of $500.

You May Also Like

The Vault by CNN site is still live, and it appears that you can still purchase NFTs there. There's no word on when or if it will be shut down completely.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!
SEE ALSO: What are NFTs? Everything you need to know.

Here is a primer on what NFTs are and how they work. Suffice to say that they're cryptocurrency tokens where each NFT has unique properties and cannot be duplicated, and that many of them were very expensive during the height of their popularity in 2021 and early 2022.

CNN's take on NFTs now looks bizarre, though it's not much different from numerous other companies jumping on the bandwagon. The NFT market, however, is not what it was, with sales volumes dropping significantly and many NFTs which were previously sold for hundreds or thousands of dollars now unable to find a buyer. According to DappRadar's data, NFT marketplace OpenSea now typically has a daily volume of about $10 million in sales, down from hundreds of millions per day in January and February this year.

Related Stories
  • What are NFTs? Everything you need to know.
  • You can spend millions to own Jack Dorsey's first tweet as an NFT, for some reason
  • Think cryptocurrency is bad? NFTs are even worse.
  • So you spent millions on an NFT. Here's what you actually bought.
  • Elon Musk made a song about NFTs, and he's selling it as an NFT

As for CNN's Vault and its demise, suffice to say the news did not sit well with people who bought and/or traded CNN's NFTs. The comments on the site's official Discord, as well as on Twitter, mostly range from anger to jokes about rug pulls, which in crypto lingo means grabbing some quick cash and then suddenly abandoning a project, leaving investors in the dirt.

According to The Verge, CNN said in its Discord channel that it plans to compensate “thousands of collectors” for “roughly 20% of original mint price” for each NFT, but it’s still working on the details.

Topics Cryptocurrency

Previous：Oklahoma City Thunder vs. Miami Heat 2024 livestream: Watch NBA online

Next：Best iPad deal: Save $70 on 10th Gen Apple iPad

Related Articles
Related Recommendations
Categories
Latest Articles
Popular Articles
Hot Recommendations
Featured Column

Quick Links

Ryan Reynolds confirms 'Deadpool 2' is coming sooner than we thoughtDashcam video: Car crashes into second floor of office buildingDC Comics, '12 Years a Slave' writer put spotlight on disenfranchised heroesBae creeping on their ex's Instagram? They could be 'microFeel like you might burn out on the resistance? Here's how to keep going.HTC U11 EYEs has a big battery and a dual front cameraOnePlus issues statement as some buyers complain of credit card fraudThe Cranberries lead singer Dolores O'Riordan dead at 46'The Simpsons' star hints at plans to address Apu criticismSaudi Arabia lifts 35Facebook is doubling down on comments, but comment culture on the internet is already deadHBO boss insists 'Game of Thrones' final season 'isn't a delay'Leonardo DiCaprio to star in new Quentin Tarantino movie about Charles MansonListen to the world's first cryptocurrencyOnePlus issues statement as some buyers complain of credit card fraudHTC U11 EYEs has a big battery and a dual front cameraSharon Stone's response to a sexual harassment question is the bestArnold Schwarzenegger shares support for 'True Lies' coDaniel Radcliffe weighs in on Johnny Depp controversy in 'Fantastic Beasts'Amazon founder Jeff Bezos will donate $33 million to DACA students Hackers break into far Trumps offends family of another fallen soldier, and this time a $25,000 check was involved TikTok coming to Samsung smart TVs in the U.S. Barack Obama's letters to a college girlfriend are finally seeing the light of day HBO Max's 'Persona' shows personality quiz dystopia Gymnast McKayla Maroney reveals relentless sexual abuse from Olympic doctor The Yoto Player puts kids in charge of story time Get your cat some high Depressing calculator shows how fast the Kardashians make your yearly salary Trump incites rage from ex Porsche premieres longer, tougher electric Taycan: the Cross Turismo Twitter is taking a much more aggressive stance on hate speech. Here's what we know: Chadwick Boseman's wife Taylor Simone Ledward gives moving Golden Globes speech Verizon admitted 5G might be a big battery drain without admitting it The dream of iPad mini Pro is revived by new rumors Netflix's 'Moxie' is a heartwarming feminist origin story America Ferrera reveals she was sexually assaulted when she was 9 years old Australia launches a world Taylor Swift fans call 'Ginny & Georgia' joke misogynistic Apple will alert you if you're being stalked by Bluetooth trackers

0.3124s , 10123.109375 kb

Copyright © 2025 Powered by 【Watch Black Water: Abyss Online】,Warmth Information Network  

Sitemap

Top

Quick Links