Associated Press all set to launch its own NFT marketplace

Share This Post

The Associated Press agency will be launching its non-fungible token (NFT) marketplace for collectors who wish to purchase its award-winning photographs that were taken during its 175-year history. 

The blockchain firm Xooa will assist the organization in building an NFT marketplace. The NFTs will be minted on Polygon blockchain, which is an Ethereum compatible layer two solutions. 

Global news agency Associated Press will launch its own NFT marketplace

Associated Press is all set to join the growing NFT bandwagon by launching its own NFT marketplace. AP NFTs will release its initial collection starting from January 31st.  The photographs that can be purchased as NFTs will span diverse categories ranging from space, climate, and war, to exhibiting prominent works of Associated Press photographers. 

The news outlet further stated that their NFTs will be minted on Polygon, which is an “environment-friendly blockchain” and will comprise full information concerning when, how, and where the pictures were taken. This will include an extensive metadata file, which will contain information regarding the time, location, equipment, and technical data for the buyer to access and confirm. 

Associated Press also stated that the users will be able to purchase these NFTs by using credit cards as well as crypto wallets such as Metamask. The agency also revealed plans to add support for Fortmatic, Binance, and Coinbase in near future. The agency further stated that the proceeds earned through the sale of NFTs will be utilized for funding its journalistic undertakings.  

Blockchain firm Xooa will assist Associated Press in building an NFT marketplace. Founded in 2017, the company builds blockchain-powered apps and NFT marketplaces on the cloud via a streamlined and easy-to-use interface. 

This will not be the first time when a news agency has ventured into the NFT domain. In June 2021, global news outlet CNN had launched its NFT collection known as the “The Vault” on Flow blockchain. Popular news outlets Quartz and The New York Times have also explored the emerging NFT domain last year by selling copies of their articles in the form of NFTs.  

The post Associated Press all set to launch its own NFT marketplace appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Societe Generale expands its stablecoin to Ripple’s XRP Ledger to drive further adoption

Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the Ripple-backed XRP Ledger (XRPL), according to a Nov 14 statement

Analysts Eye $50 For Avalanche As AVAX Jumps 28% – Details

Avalanche (AVAX) has been on a phenomenal upward trend as overall market optimism has buoyed it Recently, the token surpassed crucial resistance levels fueled by recent Federal Reserve rate cuts and

SEC Chair Gensler Sticks to Crypto Rules Despite Trump’s Threat to Fire Him

The post SEC Chair Gensler Sticks to Crypto Rules Despite Trump’s Threat to Fire Him appeared first on Coinpedia Fintech News Gary Gensler, the chair of the US Securities and Exchange

From Code to Riches: Satoshi Nakamoto Joins the World’s Billionaire Titans as 17th Richest

With bitcoin sitting comfortably at all-time highs, Satoshi Nakamoto, the elusive creator of the blockchain, now ranks between the 17th and 18th wealthiest entities worldwide, according to the Forbes

$650 Million Wipe Out in Crypto Liquidation, What’s Happening?

The post $650 Million Wipe Out in Crypto Liquidation, What’s Happening appeared first on Coinpedia Fintech News The cryptocurrency market experienced notable upside momentum following the election

BexBack Exchange Launches Double Deposit Bonus and $50 Welcome Bonus

Experience a New Model of Digital Asset Trading: BexBack Makes Trading Simpler and Profits Richer BexBack Exchange is attracting global cryptocurrency investors with a fresh approach, offering