Associated Press to Launch Its NFT Marketplace on Ethereum Soon By CoinQuora


© Reuters Associated Press to launch NFT Marketplace on Ethereum soon
  • The Associated Press will soon launch the first marketplace for NFT.
  • The initial NFT suite will include digital space, climate and war from AP Photographers.
  • Blockchain company Xooa will build the NFT marketplace for cAP.

The Associated Press (AP) launched its NFT marketplace in the digital art industry. With this launch, collectors will be trading avatars from AP’s NFT Market seamlessly – without any hassles.

According to the report, the initial NFT drop will include a digital image of space, climate, and war from AP photographers. Notably, Xooa, a blockchain-based company, would be the great company to build the NFT marketplace for AP.

Xooa Markets President, Zach Danker-Feldman, expressed enthusiasm for the innovation. He noted that the partnership will serve as a strong link between the virtual world and the real world.

Additionally, after launch, users can mint NFTs directly on (ETH) and Polygon networks. Apart from this synergy, the NFT marketplace will support secondary transactions for debit card payments. Interestingly, this will help boost access to AP user satisfaction.

In addition to the massive AP innovation, crypto wallet giant Metamask will be an inaugural backer in association with Binance, Fortmatic and Coinbase (NASDAQ 🙂 on the card.

Furthermore, the company plans to add pull to other markets, social media capabilities, new content concepts, and off-chain features for NFT holders as its upcoming features.

Once every two weeks, there will be a “Pulitzer Drop,” which will include Pulitzer Prize-winning photographs. Each NFT will include detailed metadata of the image such as the time, date, location, equipment and technical settings used in the image.

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