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Associated Press to Launch NFT Marketplace to Monetize Its Photographic Content

The NFT world has witnessed a large surge in the number of celebrities and organizations to join the train from the previous year. The Associated Press (AP), a news wire service...
Associated Press to Launch NFT Marketplace to Monetize Its Photographic Content Associated Press to Launch NFT Marketplace to Monetize Its Photographic Content

The NFT world has witnessed a large surge in the number of celebrities and organizations to join the train from the previous year. The Associated Press (AP), a news wire service based in the United States, is the latest news organization to join the non-fungible tokens (NFTs) marathon. The Associated Press is starting its NFT marketplace to sell its award-winning pictures, including those that have won the Pulitzer Prize.

The NFTs to be provided by AP are historically rich, starting from the historical Vietnam War to modern rallies against racial injustice. The NFTs will come with original information telling the buyer the "date, time, location, technical parameters, and equipment utilized" in taking a photograph.

The AP's first NFT collection will include photography from current and previous photographers, as well as a selection of "digitally enhanced portrayals." According to AP, its marketplace will launch on January 31, 2022. The news wire is currently not giving any form of exclusive access as no early bid has been announced. Although, the NFT marketplace provided a queue for potential buyers.

Also Read: Crown TV Releases Digital Signage App for Displaying NFTs at Retailers

According to the AP, the marketplace's purpose is to enable NFT collectors to buy, sell, and exchange AP's digital treasures legitimately. Furthermore, the AP will facilitate secondary market transactions using credit cards and cryptocurrencies such as Bitcoin.

The company noted that purchases might be made using cryptocurrency wallets such as MetaMask, with support for Binance and Coinbase (NASDAQ:COIN) coming in the future. The announcement also noted that while there might be variations in the price of NFT, all earnings will benefit the news agency.

The AP "Pulitzer Drop" is unique and occurs every two weeks. Drop implies the specification of the NFT collection, which is the time and price for the NFT release. The Pulitzer Drop will include Pulitzer Prize-winning photographs, and there are plans to increase the scarcity of the photographs to maintain their prominence.

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21-01-2022 04:12:29 (UTC+7)

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 Crude Oil WTI83.87↑ Sell
 Brent Oil86.80↑ Sell
 Natural Gas3.925↑ Sell
 US Coffee C242.75↑ Sell
 Euro Stoxx 504,237.45↑ Sell
 S&P 5004,482.73↑ Sell
 DAX15,673.31↑ Sell
 FTSE 1007,512.57↑ Sell
 Hang Seng24,965.55↑ Buy
 Small Cap 20002,024.04↑ Sell
 IBEX 358,678.04↑ Sell
 BASF66.260↑ Sell
 Bayer51.84↑ Sell
 Allianz221.08↑ Sell
 Adidas254.66↑ Sell
 Lufthansa6.918↑ Sell
 Siemens AG145.53↑ Sell
 Deutsche Bank AG11.535↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(5/ 5) # 1,137
SJC HCM6,115/ 6,175
(5/ 5) # 1,154
SJC Hanoi6,115/ 6,177
(5/ 5) # 1,156
SJC Danang6,115/ 6,177
(5/ 5) # 1,156
SJC Nhatrang6,115/ 6,177
(5/ 5) # 1,156
SJC Cantho6,115/ 6,177
(5/ 5) # 1,156
Cập nhật 21-01-2022 04:12:33
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Cập nhật lúc 16:09:54 21/01/2022
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