NFT spinoff from newspaper SCMP gets funded to tokenize historical artifacts

When an NFT series commemorating the handover of Hong Kong from the U.K. to China generated $260,000 in sales, Artifact Labs, the startup that launched the collection, saw the long-term potential of tokenizing historical artifacts and making them immutable and accessible to the public.
Artifact was born out of South China Morning Post, Hong Kong’s flagship English newspaper bought by Alibaba for $262 million back in 2015. Its first project comprised non-fungible token versions of SCMP’s front pages from 1997, the year of Hong Kong’s handover, with each item’s rarity lev

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