The Associated Press is set to launch its NFT Photography Marketplace on Polygon
On Monday, the Associated Press (AP) announced the launch of its non-fungible token (NFT) photography marketplace, where NFT collectors will be able to purchase award-winning photographs of the global news platform.
AP NFT marketplace is built by Xooa, a blockchain technology provider, and set to go live on Monday Jan. 31 and will offer collectors a wide range of AP archives. According to the official press release, the initial drop will feature contemporary and historic images by current and former AP journalists, Pultizer Prize-winning AP photographs will also be included. The collection will cover NFT photography of space, climate, war, and many other sets of images of particular AP photographers, including the metadata that shows collectors the time, date, location, equipment and technical settings used for the photograph.
“For 175 years AP’s journalists have recorded the world’s biggest stories, including through gripping and poignant images that continue to resonate today,” said Dwayne Desaulniers, AP director of blockchain and data licensing.
The NFT collection will be minted on Polygon network, Ethereum layer 2 scaling solution, and the platform will support secondary trades using credit cards, as well as crypto payment. NFTs price will vary, and proceeds from NFT sales will go back to fund AP journalism.
“In this marketplace deployment, emphasis has been placed on accessibility for all types of collectors to empower them to join a community that shares their interest in stunning photography.” said Zach Danker-Feldman, Xooa’s head of marketplaces.