Associated Press: NFT marketplace photos

2022: Creating a platform for selling photos in the form of NFT

On January 10, 2022, the Associated Press news agency announced the launch of a platform for the sale of non-replaceable tokens in order to obtain rights to photographs. Marketplace will begin operations on January 31, 2022.

The news outlet reported that the market will give people the opportunity to buy digital versions of the works of current and former photojournalists of the Associated Press, including Pulitzer Prize-winning photographs, one of the most prestigious US awards in the field of literature, journalism, music and theater. The publication noted that the revenue will go back to funding journalism Associated Press, which is a non-profit news cooperative.

Associated Press will launch a platform for selling photos in the form of NFT

To develop a platform of non-replaceable tokens (NFT), the Associated Press attracted Xooa, working in the field of blockchain. NFT will be released on Polygon - a second-tier solution for the Ethereum network. Using NFT technology, customers will have access to a store of information about when and where the photo was taken, as well as technical settings and equipment used.

For 175 years, Associated Press photographers have recorded the world's largest stories with exciting and piercing images that continue to cause resonance in January 2022! Thanks to NFT technology, we are pleased to introduce our collection, "said Dwayne Desaulniers, director of blockchain and data licensing at the Associated Press.

The Associated Press reported that photos from the first batch, which will be released on January 31, 2022, will be devoted to space, climate, war, as well as coverage of the work of specific photographers of the publication. The price of each job will be different. In addition, the trading platform will give customers the opportunity to exchange or sell purchased photos through a platform that will accept credit cards, as well as crypto shelves.^[1]

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