175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace – Blockchain Bitcoin News


On January 10, 2022, the Related Press (AP), the American non-profit information cooperative based in 1846, has introduced the information company is launching a non-fungible token (NFT) market. The AP NFT market was constructed by the distributed ledger know-how supplier Xooa and on prime of the Polygon blockchain community.

AP Declares NFT Market Launch

The 175-year-old information cooperative the Related Press revealed that the group is launching an NFT market utilizing the Polygon blockchain community. In accordance with the AP announcement, the NFT market constructed by Xooa will permit NFT collectors to gather the information company’s iconic photojournalism. AP’s newly crafted Polygon-based NFT market will launch on January 31, 2022.

175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace
One of many AP photos that can be featured and offered as an NFT is a “Pulitzer Prize-winning picture of a Jewish settler difficult Israeli safety officers within the West Financial institution settlement of Amona, Feb. 1, 2006.” (AP Picture/Oded Balilty)

Dwayne Desaulniers, AP director of blockchain and information licensing, defined that the non-profit information cooperative is thrilled to showcase the group’s Pulitzer Prize-winning photos from present and former AP photojournalists. “Every NFT will embody a wealthy set of unique metadata providing collectors consciousness of the time, date, location, gear, and technical settings used for the shot,” the AP press launch notes.

“For 175 years AP’s photographers have recorded the world’s greatest tales via gripping and poignant photos that proceed to resonate at the moment,” Desaulniers mentioned in a press release on Monday. “With Xooa’s know-how, we’re proud to supply these tokenized items to a fast-growing international viewers of pictures NFT collectors.”

Proceeds From the NFT Market’s Gross sales Will Go Again to Funding AP Journalism

Whereas the preliminary launch will start on the final day of January, AP says that the gathering can be launched over a interval of weeks, and “NFT worth factors will fluctuate.” Proceeds from the NFT gross sales will return into funding “factual, unbiased AP journalism.” In accordance with the AP, house owners of the AP NFT photos may promote them on secondary markets after the preliminary sale. AP additionally particulars that folks should buy the NFTs with crypto or bank cards.

The AP announcement additional highlights that the Polygon blockchain is extra “environmentally pleasant” than different blockchain networks. “On this market deployment, emphasis has been positioned on accessibility for all sorts of collectors to empower them to hitch a neighborhood that shares their curiosity in gorgeous pictures,” Zach Danker-Feldman, Xooa’s head of marketplaces mentioned on Monday.

Tags on this story
AP, AP journalism, AP NFT marketplace, AP NFTs, Associated Press, Blockchain, Blockchain tech, Dwayne Desaulniers, Environmentally Friendly, News Cooperative, nft, NFTs, Non-fungible Token, Polygon, Polygon Blockchain, Polygon NFTs, Xooa, Zach Danker-Feldman

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at the moment.

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