The image is called "chorus image" and is on thecdn.vox-cdn.com.
The action will also be attended to by the reselling community.
Alex Castro is the illustrator for The Verge.
The AP is starting a marketplace to sell NFTs of its work in collaboration with a company called Xooa. The news agency is billing its venture into NFTs as a way for the public to purchase the news agency's award-winning contemporary and historic photojournalism, though it's hard to tell what types of virtual token will be released.
The news outlet says that its system will be built on the "environmentally friendly" Polygon block chain and that the NFTs will include a rich set of original data to tell buyers when, where, and how the photos were taken. The first collection will include photos of space, climate, war and other images to spotlights on the work of specific AP photographers.
Other journalistic enterprises have used NFTs.
AP is not the first journalistic enterprise to express interest in NFTs. The New York Times and The New York Times have sold copies of their articles as NFTs. Peters said that he didn't feel the need to race into the space, so we probably won't see people debating whether to get a Getty or an AP NFT anytime soon. This seems to be one of the largest NFT-related efforts from a major news source.
It doesn't seem like AP is trying to sell its NFTs as a tie-in, like other media executives in the music industry may be interested in doing. The announcement and FAQ don't mention the metaverse, and the project seems to be aimed at collectors who want to, as the press release puts it.
There will be increased scarcity to preserve their status.
The first wallet to be supported will be the MetaMask, but there are plans to add support for others. There will be a virtual queue to buy NFTs as they are released by AP, with more limited-edition NFTs happening every two weeks, and the FAQ says these images will have increased scarcity to preserve their status. The site will allow buyers to resell those NFTs.
The proceeds from the NFTs sale will be used to fund journalism. The FAQ says there is a 10 percent fee associated with reselling, and Xooa will share that fee with the other company. The transaction fees, orgas fees, that are notorious for being added to the price of sales, should not add too much to the price of sales. Easton didn't say what thephotographers' cut would be, but they will share in all revenue collected.
There is an early access scheme for the marketplace.
The landing page for the marketplace says you can get on a waitlist and get priority access if you refer others to it, but it does seem to be offering a sort of early access scheme. If you are interested in how this type of marketplace will work, or you are a collector who is interested in how Xooa is planning on adding support for moving the NFT, you should read the FAQ.
All Rights Reserved © 2024
