The Associated Press Is Introducing An NFT Marketplace

The Associated Press (AP) news agency is introducing an NFT marketplace for collectors to buy images shot throughout the course of its nearly 200 year long history. Xooa, a blockchain technology firm, is reportedly developing the marketplace and the NFTs shall be issued via the Polygon blockchain.

Moreover, the inaugural collection will be presented over many weeks beginning on January 31st and shall include topics ranging from space, environment, and conflict on various AP photographers&39 work. Every NFT shall additionally have full information about the location, equipment, date, time, and technical parameters utilised to capture the image.

The marketplace will also allow secondary market purchases and transactions via credit card payments and cryptocurrency wallets like MetaMask, with Coinbase and Binance support to follow.

The Associated Press concluded that the revenues generated through the NFTs will be used to finance its journalism endeavors and initiatives for the future.