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Covering Top Stories For 175 Years, Associated Press (AP) Is Launching NFT Marketplace, NFTs Will Be Minted On Polygon

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Associated Press (AP) is launching an NFT marketplace.



In the ap.org official press release, AP announced that they would launch a non-fungible token (NFT) marketplace built by blockchain technology provider Xooa. Xooa specializes in building NFT marketplaces for brands and IP owners.

The marketplace and first NFTs will debut on Monday, Jan. 31. Dwayne Desaulniers, AP director of blockchain and data licensing, said:

“For 175 years, AP’s photographers have recorded the world’s biggest stories through gripping and poignant images that continue to resonate today; With Xooa’s technology, we are proud to offer these tokenized pieces to a fast-growing global audience of photography NFT collectors.”

The initial collection will include a selection of digital images of photographs from current and former AP photojournalists. Images of Pulitzer Prize-winning APs will also be included.

Ap writes:

“The NFTs will be minted on the Polygon blockchain, which is an environmentally friendly, Ethereum-compatible layer two solutions.”

Each NFT will include information on the time, date, location, equipment, and technical settings used for the photoshoot. Starting from Jan 31st, NFTs will range from space, climate, war, and other categories to spotlight AP photographers’ work. NFT pricing range will vary. The proceeds will go to fund AP’s unbiased journalism.

All NFTs Collectors will be able to buy, sell, and trade official AP digital collectibles through the marketplace. It will support credit card payments as well as cryptocurrency wallets including MetaMask, Binance, and Coinbase.

 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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