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.
UPDATE (January 10, 22:29 p.m. UTC): Adds bullet points on credit card payments and proceeds.