NFTs: Associated Press will sell your photos with non-fungible tokens

Deepak Gupta
Deepak Gupta January 12, 2022
Updated 2022/01/12 at 12:30 AM

NFT for there, NFT Here. Digital file authentication technology was the word of the year in 2021. Several companies, influencers and artists are using the authentication system. non-fungible tokens (the Portuguese name of the NFT) to sell digital products. Now it’s journalism’s turn to adopt technology to sell its photographs, with the Associated Press taking the first step

Associated Press to launch NFT marketplace

Founded in 1846 in the United States, the Associated Press (AP) is one of the main news agencies of the world. For those who do not know how the service works, the AP sells news from its newspapers to subscribed media outlets. Adapting to the internet universe, it’s like newsletter of the newspapers. THE AP produces news, from the United States or countries where it has correspondents, and delivers it to its clients to publish. It was a very useful method in a period of difficult communication with the rest of the globe.

now the AP found a new way to raise revenue in modern times: the agency will launch, on January 31st, its marketplace in NFT. THE Associated Press will sell photos of its current and former photojournalists. One of the “photos that can be purchased” is the photo of the flag raising on Iwo Jima. In the image, six US Marines raise their country’s flag over a pile of rubble. The record took place after the conquest of the island of Iwo Jima in World War II.

Source: Joe Rosenthal/Associated Press.

Explaining the quotes, the image actually cannot be purchased as it is in the public domain. Then it can be republished free of charge. But you can see the list of the most famous photos of Associated Press Click Here. The winning photos Pulitzer, the Oscars of journalism, will be sold every two weeks. The photo that illustrates the article was one of the winners of the award. The agency set up its project of NFTs with the bye. will be used the blockhain polygon, based on the technology of Ethereum cryptocurrency. Now it remains to be seen whether the AP will enter the metaverse.

to know more about NFTs, click on the image below and see our article on the subject.


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Source: Tech Spot

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