The Associated Press, a 175-year-old New York-based non-profit news cooperative, launches its NFT Marketplace, where you would be able to buy NFT Tokenized photographs from the news platform. The platform is going live starting Jan. 31 with the onboarding of various photographs.
There will be fixed prices for the NFT, and AP will take about 10% of services charged for mediating the sale. Moreover, they are going to accept credit and debit cards. You can also make a payment using Etherium, and Metamask wallet is also supported.
In the coming time, they’re looking forward to collaborating with Fortmatic, Binance, and Coinbase in the future.
There would be a ton of integrations that would launch soon after the platform starts to make some traction.
To tell you more about the NFT Tokenized photographs, they’d include photographs of war, news personals, events in history, climate, space, and more.
The minting process used to make the NFT Tokenized photographs is the Ethereum layer-two scaling network, Polygon.
If you’re to summarize the platform’s value, it can be called a powerful connection between the real and the virtual world, as quoted by Head of marketplaces at Xoom, Zach Danker-Feldman.
Interestingly, Xoom, a blockchain infrastructure platform, also helped AP build the platform.
What Does The Platform Do?
The NFT Market place will serve as a hub for NFT collectors interested in buying the same. Along with buying the photograph, they will also get information about the same such as time, date, location, equipment, and technical settings used for taking a photograph.
So, it’s like owning a piece of history itself. Moreover, every two weeks, the platform will hold a Pulitzer Drop where they’d add some new Pulitzer prize-winning photos for a collector to get their hands upon.
Associated Press Plans With NFT Marketplace
The Associated Press is a non-profit organization, so all the money generated would go into funding AP journalism. This way, we’d have access to better journalism in a manner.
In the past, we’ve seen AP partner with Chainlink Labs get their data cryptographically verified. Also, back in 2020, they published the election data with Ethereum and EOS blockchains. In the same year, they partnered with blockchain-based journalism startup Civil to maintain news and content management authorization.