PriceSensitive

Galaxy Digital (TSX:GLXY) to launch inaugural NFT collection

Cryptocurrency, Technology
TSX:GLXY
23 September 2022 15:00 (EDT)

Source: Galaxy Digital.

Galaxy Digital (GLXY) will launch its first NFT project in collaboration with TIMEPieces.

TIMEPieces is a Web 3.0 community initiative from TIME, including over 89 artists and 55,000 collectors and community members. TIMEPieces has dropped more than 20,000 NFTs, including offerings from Nyla Hayes and Timbaland.

The project, known as The Explorer Collection, consists of 3,210 unique Explorers derived from Galaxy’s newly designed logo. Framed within each Explorer is a generative artwork created by one of three artists:

The collection will be released via an invite-only airdrop on October 14, 2022. The series follows Galaxy and TIME’s 2021 partnership to educate TIME readers about the metaverse.

“NFTs remain a cornerstone of Web 3.0 communities and digital ownership,” said Mike Novogratz, Founder and CEO of Galaxy. “We’re thrilled to launch The Explorer Collection alongside a trailblazing brand like TIME by utilizing blockchain and NFT technology.”

“Galaxy and TIME have successfully partnered together on Web 3.0 initiatives for nearly a year now. What started in the education space illustrating how to understand the metaverse has evolved into a new collection empowering Galaxy’s community to experience the power of Web 3.0 firsthand,” added Keith A. Grossman, President of TIME.

Galaxy Digital Holdings provides institutions, startups and qualified individuals around the world with access to the crypto economy.

Galaxy Digital (GLXY) is down by 9.42 per cent, trading at $5.96 per share as of 2:32 pm EST.


Related News