TIME to Hold ETH, Demystify the Metaverse for Readers via Galaxy Digital Partnership

“The partnership with TIME is a first of its kind,” Galaxy Digital CEO and founder Mike Novogratz told Blockworks.

article-image

Source: Blockworks

share

key takeaways

  • TIME is launching an array of products and coverage focused on the metaverse through a partnership with Galaxy Digital
  • The American magazine will hold ether on its balance sheet

TIME Magazine is set on educating the world about the metaverse, and it is putting its money where its mouth is. 

The American magazine and news site is going to hold ether on its balance sheet and launch a TIME 100 Companies list for the metaverse and a weekly newsletter to be called ‘Into the Metaverse,’ financed by ETH, the company announced Thursday. The deal will be made possible through a partnership with Galaxy Digital, TIME said. 

“The partnership with TIME is a first of its kind,” Galaxy Digital CEO and founder Mike Novogratz told Blockworks. “Galaxy is a technology driven financial solutions firm, purpose built to service crypto, digital assets, and blockchain technology, which we believe, are going to permeate every aspect of our lives.”

The TIME 100 list, commissioned by Galaxy, will be the latest in the magazine’s growing family of lists, which cover influential businesses. The metaverse list will include builders in the space, the company said. Applications for the list are currently open and will close December 31. 

The newsletter will be authored by TIME entertainment reporter Andrew Chow. 

“The noise around the term ‘metaverse’ is loud and constant enough to render it almost meaningless,” Chow said on Twitter. “But the money and effort being poured [into] the space are undeniable and will likely have a huge impact for decades to come.” 

In addition to the newsletter, TIME will also create online resources for metaverse education, with the help of experts at Galaxy. 

“We see our role as the bridge bringing together institutions and innovators/wall street and Web 3.0,” Novogratz said. “More simply, we are always trying to bring more people into ‘the tent’ – this partnership aims to do exactly that via education, content, TIME100 companies, and more.”


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg

Research

Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as friend.tech which has seen significant traction.

article-image

The bitcoin halving slated for April 2024 — an event expected to spur upward price action for BTC — could be a boon for Block’s stock price, analysts say

article-image

Seed Club founder Jess Sloss is excited to “open the doors and let other people see what we’ve been seeing for the last few months”

article-image

Blockchain is a “natural fit” in games based on open economies and user-generated content, says Wyatt

article-image

Their current stance is a half-baked attempt that could stifle innovation and burden an emerging industry

article-image

Maker’s DeFi-focused “subDAO” passed a proposal activating a lending market for DAI on the Gnosis Chain

article-image

Certain creditors could be repaid sooner, with one hedge fund exec telling Blockworks it expects a payout by the end of the year