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 expertise supplier Xooa and on prime of the Polygon blockchain community.

AP Pronounces 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 keeping with the AP announcement, the NFT market constructed by Xooa will enable 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 will probably be featured and bought as an NFT is a “Pulitzer Prize-winning photograph 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 knowledge 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 authentic metadata providing collectors consciousness of the time, date, location, tools, 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 present,” Desaulniers mentioned in a press release on Monday. “With Xooa’s expertise, we’re proud to supply these tokenized items to a fast-growing international viewers of images 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 will probably be launched over a interval of weeks, and “NFT value factors will range.” Proceeds from the NFT gross sales will return into funding “factual, unbiased AP journalism.” In keeping with the AP, homeowners 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 every type of collectors to empower them to hitch a group that shares their curiosity in beautiful images,” Zach Danker-Feldman, Xooa’s head of marketplaces mentioned on Monday.

Tags on this story

AP, AP journalism, AP NFT market, AP NFTs, Related Press, Blockchain, Blockchain tech, Dwayne Desaulniers, Environmentally Pleasant, Information Cooperative, nft, NFTs, Non-fungible Token, Polygon, Polygon Blockchain, Polygon NFTs, Xooa, Zach Danker-Feldman

What do you consider the Related Press launching an NFT market? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency group 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 in regards to the disruptive protocols rising at present.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Standard Information

In Case You Missed It

Close to Basis Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Close to Basis introduced the venture has raised $150 million from strategic traders equivalent to Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Close to protocol’s native crypto asset jumped greater than 7% … learn extra.



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 24,232.49
ethereum
Ethereum (ETH) $ 1,930.55
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 324.51
xrp
XRP (XRP) $ 0.379261
cardano
Cardano (ADA) $ 0.539385
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 44.74
polkadot
Polkadot (DOT) $ 9.39
dogecoin
Dogecoin (DOGE) $ 0.072149
avalanche-2
Avalanche (AVAX) $ 29.15
staked-ether
Lido Staked Ether (STETH) $ 1,872.60
shiba-inu
Shiba Inu (SHIB) $ 0.000013
matic-network
Polygon (MATIC) $ 0.928741
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.070217
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 24,220.49
ethereum-classic
Ethereum Classic (ETC) $ 42.94
okb
OKB (OKB) $ 21.19
near
NEAR Protocol (NEAR) $ 5.97
leo-token
LEO Token (LEO) $ 4.80
litecoin
Litecoin (LTC) $ 62.45
chainlink
Chainlink (LINK) $ 9.29
uniswap
Uniswap (UNI) $ 9.10
ftx-token
FTX (FTT) $ 30.93
crypto-com-chain
Cronos (CRO) $ 0.154648
cosmos
Cosmos Hub (ATOM) $ 11.94
stellar
Stellar (XLM) $ 0.125985
flow
Flow (FLOW) $ 2.96
monero
Monero (XMR) $ 165.39
bitcoin-cash
Bitcoin Cash (BCH) $ 142.39
algorand
Algorand (ALGO) $ 0.364901
vechain
VeChain (VET) $ 0.033117
filecoin
Filecoin (FIL) $ 8.70
apecoin
ApeCoin (APE) $ 6.92
internet-computer
Internet Computer (ICP) $ 8.29
decentraland
Decentraland (MANA) $ 1.06
hedera-hashgraph
Hedera (HBAR) $ 0.082877
chain-2
Chain (XCN) $ 0.087043
tezos
Tezos (XTZ) $ 1.91
the-sandbox
The Sandbox (SAND) $ 1.32
quant-network
Quant (QNT) $ 125.59
axie-infinity
Axie Infinity (AXS) $ 18.56
theta-token
Theta Network (THETA) $ 1.62
aave
Aave (AAVE) $ 111.95
elrond-erd-2
Elrond (EGLD) $ 65.68
lido-dao
Lido DAO (LDO) $ 2.72
frax
Frax (FRAX) $ 1.00
eos
EOS (EOS) $ 1.32
Shares