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Finance

Associated Press Launching NFT Marketplace for Its Photographs

The marketplace will be built by blockchain technology firm Xooa, with NFTs to be minted on the Polygon blockchain.

By Nelson Wang
AccessTimeIconJan 10, 2022 at 10:19 p.m. UTC
Updated May 11, 2023 at 6:03 p.m. UTC
(Alterego/Wikimedia Commons)
(Alterego/Wikimedia Commons)

The Associated Press news agency is launching a non-fungible token (NFT) marketplace for collectors to purchase photographs taken during its 175-year history.

  • The marketplace is being built by blockchain tech firm Xooa and the NFTs will be minted on the Polygon blockchain.
  • The initial collection will be released over several weeks starting on Jan. 31, with subjects ranging from space, climate and war to spotlights on the work of specific AP photographers.
  • Each NFT will include detailed metadata showing the time, date, location, equipment and technical settings used for the photograph.
  • Last June, CNN launched The Vault, an NFT collection of top news moments from its 41-year history, on the Flow blockchain.
  • The marketplace will support secondary market transactions and purchases using credit card payments as well as crypto wallets, including MetaMask, with support for Fortmatic, Binance and Coinbase to come.
  • The AP, which is a non-profit news cooperative, noted that proceeds will go back toward funding its journalism.
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    • UPDATE (January 10, 22:29 p.m. UTC): Adds bullet points on credit card payments and proceeds.

    Read more: Associated Press Taps Chainlink for Elections, Sports Data

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nelson Wang
    Nelson Wang

    Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

    Follow @NelWang on Twitter
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