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HomeCoinsBitcoin175-Year-Old News Cooperative the Associated Press Plans to Introduce NFT Marketplace

175-Year-Old News Cooperative the Associated Press Plans to Introduce NFT Marketplace

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

< img width= "1280" height= "720" src=" http://investincryptocoins.com/wp-content/uploads/2022/01/0JubQj.jpg" class=" story __ img post __ poster "alt loading =" lazy" > On January 10, 2022, the Associated Press (AP), the American non-profit news cooperative founded in 1846, has revealed the news agency is launching a non-fungible token( NFT) marketplace. The AP NFT market was constructed by the distributed journal innovation company Xooa and on top of the Polygon blockchain network.

AP Announces NFT Marketplace Introduce

The 175-year-old news cooperative the Associated Press exposed that the organization is releasing an NFT market utilizing the Polygon blockchain network. According to the AP announcement, the NFT market built by Xooa will allow NFT collectors to collect the news agency’s renowned photojournalism. AP’s freshly crafted Polygon-based NFT market will release on January 31, 2022.

175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace
< figure id= "attachment_504084" aria-describedby =" caption-attachment-504084" class=" wp-caption aligncenter" >< img loading =" lazy "class=" wp-image-504084 size-full "title=" 175-Year-Old News Cooperative the Associated Press Plans to Introduce NFT Market" src=" http://investincryptocoins.com/wp-content/uploads/2022/01/ne55Sk.jpg" alt =" 175-Year-Old News Cooperative the Associated Press Plans to Introduce NFT Marketplace" width=" 1280" height= "886" > One of the AP images that will be included and offered as an NFT is a” Pulitzer Prize-winning picture of a Jewish settler tough Israeli gatekeeper in the West Bank settlement of Amona, Feb. 1, 2006.” (AP Photo/Oded Balilty) Dwayne Desaulniers, AP director of blockchain and data licensing, explained that the non-profit news cooperative is thrilled to showcase the company’s Pulitzer Prize-winning images from current and former AP photojournalists. “Each NFT will consist of an abundant set of initial metadata offering collectors awareness of the time, date, location, equipment, and technical settings utilized for the shot,” the AP press release notes.

” For 175 years AP’s professional photographers have tape-recorded the world’s greatest stories through grasping and poignant images that continue to resonate today,” Desaulniers said in a statement on Monday. “With Xooa’s innovation, we are happy to provide these tokenized pieces to a fast-growing global audience of photography NFT collectors.”

Earnings From the NFT Market’s Sales Will Return to Funding AP Journalism

While the initial launch will begin on the last day of January, AP states that the collection will be released over a period of weeks, and “NFT price points will vary.” Profits from the NFT sales will go back into moneying “factual, impartial AP journalism.” According to the AP, owners of the AP NFT images can also sell them on secondary markets after the initial sale. AP also details that individuals can purchase the NFTs with crypto or credit cards.

The AP statement even more highlights that the Polygon blockchain is more “eco-friendly” than other blockchain networks. “In this market implementation, focus has been positioned on ease of access for all kinds of collectors to empower them to sign up with a community that shares their interest in spectacular photography,” Zach Danker-Feldman, Xooa’s head of markets said on Monday.

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

What do you consider the Associated Press launching an NFT market? Let us understand what you think of this topic in the remarks area below.

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has an enthusiasm for Bitcoin, open-source code, and decentralized applications. Because September 2015, Redman has written more than 5,000 posts for Bitcoin.com News about the disruptive procedures emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

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In Case You Missed It Published at Tue, 11 Jan 2022 20:30:35 +0000

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