thecryptobasic.com
Associated Press (AP) is launching an NFT marketplace.
In the ap.org official press release, AP announced that they will 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 are set to 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 feature photography by current and former AP photojournalists and a selection of digitally enhanced depictions of their work. Pulitzer Prize-winning AP images will 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 a rich set of original metadata offering collectors awareness of the time, date, location, equipment and technical settings used for the shot.
The initial collection will be released over a period of weeks beginning Jan. 31. NFTs will range from space, climate, war and other images to spotlights on the work of specific AP photographers. NFT price points will vary. As a not-for-profit news cooperative, proceeds go back into funding factual, unbiased AP journalism.
Collectors of all levels will be able to seamlessly buy, sell and trade official AP digital collectibles through the marketplace. It will support secondary market transactions and purchases using credit card payments as well as crypto wallets, including MetaMask, with support for Fortmatic, Binance, and Coinbase to come.