Time magazine has made over 10 million dollars in profit from the NFT sector

According to ChainCatcher news and a report by Decrypt, Keith Grossman, the president of Time magazine, revealed in an interview during the Mainnet 2022 conference that the media company has made over $10 million in profit from the NFT space.

Keith Grossman describes himself as a "tech-loving idiot" and introduced NFTs in September 2021. Since then, he has released 5 NFT collections and collaborated with rapper Timbaland. He views NFTs not only as a business opportunity but also believes there are many similarities between memes and NFTs, with the cover of Time magazine being a "simulated meme." (Source link)