The NFT collection will feature award-winning photography by current and former AP photojournalists, as well as a selection of “digitally enhanced depictions.”
The photographs will be minted as NFTs on the Ethereum layer-two scaling network, Polygon. The platform will support secondary transactions using debit or credit cards, and payments in Ethereum.
The marketplace is being built by Xooa, a blockchain infrastructure platform specializing in building “white-label NFT marketplaces for brands and IP owners.” Head of marketplaces at Xooa, Zach Danker-Feldman, said the partnership will serve as a “powerful connection between the virtual world and the real world.”
Crypto wallet provider Metamask is also supported, with future collaborations with Fortmatic, Binance, and Coinbase on the cards. Additional upcoming features will include “withdrawals to other marketplaces,” “social media capabilities,” “new content concepts,” and “off-chain benefits” for NFT holders.
Once every two weeks, there will be a “Pulitzer Drop,” which will include Pulitzer Prize-winning photographs. Each NFT will include the photograph’s detailed metadata such as the time, date, location, equipment, and technical settings used for the photograph.from the AP, funds from the NFT sales will go back into funding AP journalism. The Associated Press is a 175-year-old non-profit news cooperative based in New York City.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Game on NFT™, a Work of Art That Celebrates Bitcoin and Bitcoiners – Press release Bitcoin NewsPRESS RELEASE. Chicago, IL – 9th January, 2022 – Denjary Watru, the creator of the Game On NFT™ has dropped an NFT that is sure to become highly sought
Read more »
Associated Press Launching NFT Marketplace for Its PhotographsThe Associated Press (AP) is launching a marketplace for users to buy, sell and trade NFTs of its award-winning photographs. By NelWang
Read more »
The Associated Press is starting its own NFT marketplace for photojournalismIt says it’ll use the proceeds to fund its news endeavors.
Read more »
Associated Press piece knocks Biden for 'falling short' on transparency, avoiding news conferencesThe Associated Press published a critical article against President Biden for his frequent avoidance of the press during his first year in office.
Read more »
A Closer Look at Lady Gaga’s ‘House of Gucci’ Press Tour OutfitsThe singer-actress has been promoting her upcoming murder drama “House of Gucci.”
Read more »
‘Meet The Press’: Covid-19 Advisory Board Member Says Virus Could Become Endemic This YearThe US could become a place where Covid-19 transforms into a situation where we “learn to live with it,” according to a former member of President Biden’s coronavirus task force. Speaki…
Read more »