The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

NFT photography platform powered by Polygon to launch by Associated Press

3 min reading

A first drop of the NFT will feature award-winning images from AP photojournalists on subjects such as space, climate, and war.

NFT-ETH-1.jpg https://www.freepikcompany.com/legal

A first drop of the NFT will feature award-winning images from AP photojournalists on subjects such as space, climate, and war.

The Associated Press (AP) is developing a nonfungible token (NFT) marketplace allowing collectors to buy tokenized photographs from the global news platform.

A collection of NFTs will first include photographs from AP photojournalists about topics such as space, climate, and war. They will be released over several weeks starting on Jan. 31 for varying prices, according to the marketplace’s website. As NFTs, the photographs will be mined on Ethereum's Polygon layer-two scaling network. Payments will be made using debit cards and credit cards, and the platform will support transactions in Ethereum.

The marketplace is being built by Xooa, an infrastructure platform that specializes in building "white-label NFT marketplaces for brands and IP owners.".

Zach Danker-Feldman, head of marketplaces at Xooa, said the "partnership would tap into the real and virtual worlds"

Future collaboration with Fortmatic, Binance, and Coinbase will also be supported, in addition to the crypto wallet provider Metamask. Additional company's other upcoming feature plans are "withdrawals to other marketplaces," "social media capabilities," "original content concepts," and "off-chain benefits" for NFT holders. A "Pulitzer Drop" will be held every two weeks, featuring Pulitzer Prize-winning images. Detailed metadata related to each photograph will be included in the NFT such as the time, the date, the location, and the equipment and settings used for the photograph.

In an announcement from the AP, it was reported that funds from NFT sales would be used to fund AP journalism. The Associated Press is a not-for-profit news cooperative based in New York. While the platform will allow secondary market sales, it will charge hefty fees of 10%.

Also Read - Adidas Earns $23 Million from its first Ethereum NFT Drop

Currency Exchange rate Buy cryptocurrency

Buy crypto now
with Swapcoin.today

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.