Fashion Magazines Try NFTs
Posted on Saturday, August 28, 2021 at 11:02 PM
In the news: Could non-fungible tokens be a lucrative revenue stream
for fashion magazines? Vogue is about to find out.
This week,
Maghan McDowell of VogueBusiness.com explores Vogue Singapore’s foray
into non-fungible tokens (NFTs) in its September 2021 issue. “Fashion
magazines are jumping on the NFT opportunity, giving non-fungible tokens
the sign-off from the industry’s glossies,” McDowell writes. “Already
trending among luxury brands in games and via augmented reality, NFTs
offer a potential revenue stream for magazines, while the positioning
gives readers a chance to evaluate exclusive, digital items of value.”
Vogue Singapore’s September issue has 15 NFTs for sale, including
alternative covers with NFT and AI-generated fashion items.
NFTs
are a bold new frontier for magazines trying to find more ways to remain
profitable -- and current. McDowell says: “NFT and fashion magazine
tie-ups can help translate the value of non-fungible tokens for the
fashion crowd as well as give print media a new angle of relevance.”
Read more here.
Also
Notable
Vice Reimagines Editorial Content
Vice
Media Group is continuing with its video-first strategy, reports Max
Willens of Digiday.com. The strategic shift is marked by “a number of
changes designed to formally put stories and vertical video at the
forefront of its content operations.... The editor in chief of Vice’s
digital team ... will now report to an executive who oversees video
strategy and output.” Vice has been relying more heavily on visual
storytelling, and the shift has led to other staffing changes, Willens
says: “Vice also laid off a small number of staffers, the majority of
whom are writers and editors at Vice Media Group-owned brands, including
Refinery29 and Vice.” But the shift doesn’t mean the end of quality
reporting, says chief digital officer Cory Haik, who “framed the move as
one that would allow Vice’s editorial teams to focus less on aggregating
and more on original content.” Read more here.
Washington
Post Launches Voices Across America
To further diversify
its crop of journalists, the Washington Post has launched its
Voices Across America page. It features columns from writers from all
over the US, says Evelyn Mateos. Editorial page editor Fred Hiatt tells
Mateos that the Post considers “race, nationality, gender,
experience, ideology, and geography” in its diversity initiatives and
that it “has reached out to writers with reporting experience and who
can respond engagingly to events that take place in their region.” Read
more about the new platform here.
Headline
Testing for Engagement
For some publishers, testing multiple
versions of a headline for the same article is paying off. The tactic
allows editors to see which titles best drive clicks and reader
engagement. “Headline testing drives value in two ways,” writes What’s
New in Publishing. From a quantitative perspective, it directly
lifts engagement for each story that’s tested. Informed by that data,
content teams can then learn how to write more engaging headlines.” Over
time, research suggests, editors gain better insight into the types of
titles that work best, making testing less necessary over time. Read
more here.
An
Evening Edition Revived
The Spokesman-Review of
Spokane, Washington, has relaunched the Spokane Chronicle,
formerly its evening print edition, as an eight-page digital edition for
print subscribers. According to Kristen Hare of Poynter.org, “While many
legacy newsrooms are working on attracting new subscribers, the Chronicle
isn’t a play to build new audiences. It’s meant to keep the audience the
127-year-old paper still has, who’ve seen their subscription costs rise
every year.” Read more here.
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