Vault by CNN started in the summer of 2021 as a marketplace for its own NFTs (non-fungible tokens) that would “provide collectors with the chance to own a piece of history.” It was similar to NBA Top Shot, only it produced CNN stories of major events or creative renditions inspired by them, generating digital treasures that owners could show off or barter with others, similar to baseball cards. When bitcoin prices were sky-high and articles concerning NFTs didn’t contain language like “trading volumes plummet 97 percent from January peak,” this theory seems more logical.
