The Associated Press, one of the world’s largest news and media outlets, has announced plans to launch a new platform for selling NFTs. Photos will be sold as collectible tokens.
According to a press release on the agency’s website, the new platform will be launched on January 31st. It will allow photographers to sell their work in the form of tokens and earn money from them.
The Associated Press hired blockchain company Xooa to develop the collectible token market. NFTs will be released on Polygon, a second layer solution for the Ethereum network. The agency’s management believes that this solution is one of the most environmentally friendly.
“For 175 years, AP photographers have captured the world’s biggest events through the lens of their cameras. The images give an idea of that life and life now. Thanks to Xooa technology, we are pleased to present tokenized pieces of our collection to a growing audience of NFT fans, ”said Dwayne Desaulniers, Associated Press Director of Blockchain and Data Licensing.
In addition to the image, each token will contain all technical data – the date and time of the shooting, the location of the shooting, the equipment used and the settings for the photo. The first collection will feature a wide variety of photographs – from images of space and the ocean, to war and other cataclysms. The prices for tokens will also differ.
Note that this is not the first time the Associated Press has worked with the blockchain. Last October, the agency announced plans to host journalistic data powered by Chainlink oracles. In addition, blockchain is used to combat false news.
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