Forbes Enters the Metaverse with the Launch of the Virtual Billionaires NFT Collection on FTX

Forbes Magazine has launched its inaugural NFT collection, which features a list of 100 fake billionaire investors, allowing anyone to become a virtual billionaire.

The media organization, which is known for ranking people throughout the world based on their wealth, has established its own list of 100 fake billionaires with hypothetical portfolios and virtual net worth based on real-time New York Stock Exchange pricing. A partnership was formed based on Ethereum tokens, with cryptocurrency exchange FTX opening today, April 13th.

Forbes’ Chief Technology Officer, Vadim Supitskiy, notes that “the debut of this collection is a key milestone as Forbes embraces Web3 and digital assets, and it provides a chance for our audience to better participate in this sector as well.” Illustrators Goodog and ItsACat designed the 3D headshots.

Individual NFTs can be purchased by interested investors, who will also own the virtual billionaire’s public crypto wallet, which will be shown alongside the profile. The Forbes’ Virtual NFT Billionaires List will rate all of the NFTs. Forbes sought to engage people in Web2 and Web3 as well, according to Supitskiy. As the fictional profile’s collection of publicly owned assets on the New York Stock Exchange grows, the list will freely modify.

“We wanted to make it engaging and dynamic, and relate it back to our lists, so that people can feel like there’s something going on, that it’s not a static collection,” he continued. Every day, users can witness [their NFT Billionaires] move and change rankings.”

Forbes will continue to work with the metaverse and incorporate other elements.