Associated Press, an American non-profit news agency, announced on its official website that it plans to release a non-fungible token (NFT) marketplace where collectors can buy the news agency’s contemporary and historic photojournalism.
The marketplace, developed by blockchain technology provider Xooa, and the first NFTs are expected to debut on Jan. 31, 2022.
NFT’s initial collection will feature photography by current and former AP photojournalists, as well as digitally enhanced images of their work.
Every NFT will have a rich set of metadata that provides information about the time, date, location, equipment, and technical settings used during the shot.
NFTs will be minted on the Polygon blockchain, which is an environmentally friendly protocol and framework for building and connecting Ethereum-compatible blockchain networks.
“For 175 years AP’s photographers have recorded the world’s biggest stories through gripping and poignant images that continue to resonate today,” said Dwayne Desaulniers, AP director of blockchain and data licensing. “With Xooa’s technology, we are proud to offer these tokenized pieces to a fast-growing global audience of photography NFT collectors.”
Users interested in joining the NFT marketplace waiting list can sign up at https://apmarket.xooa.com/p/join-waiting-list