AP will advertise its own NFT photojournalism industry on the Polygon channel.

The Associated Press announced on April 10 that it will announce its own photojournalism NFT industry developed by blockchain tech specialist Xooa. The project will be unveiled on January 31 and these photos will be launched with NFT through several photos.

According to media reports, the first NFT series included footage from past and present AP photographers of space, weather, war, etc., as well as footage. Receive a Pulitzer Prize, plus all NFT parts with detailed photo information. Time, date, location, device and settings when the picture was taken.

The Associated Press, a nonprofit news organization with a 175-year long history, says the proceeds from the sale of NFT will be used to fund factual and biased reporting by The Associated Press. . The platform will allow a second sale but will charge up to 10%, reports Cointelegraph.

Collectors at all levels can log in to buy, sell, and trade AP digital products through the Marketplace.

Dwayne Desaulniers, Director of Blockchain and Data Licensing for the AP Community, said: “For 175 years, AP photographers have been collecting international information with their nostalgic and inspiring imagery, and it is still relevant today. With Xooa technology, this symbolic image can be captured.

Founded in 2017 in Denver, according to media reports, Xooa is a blockchain technology company specializing in developing open label NFT businesses for trademarks and intellectual property owners. Xooa works with brands to develop NFT and Metaverse strategies through collaboration. A business enterprise that allows collaborators to learn about NFTs and build relationships with authors.

Many blockchain upgrades

In fact, this is not the first time that AP has entered the blockchain space. In October 2021, News Communications announced a partnership with Chainlink Labs to provide cryptographic analysis of all aspects of U.S. newsletters and newsletters. News agency announces 2020 presidential election results using Ethereum and EOS blockchain, and in 2018 AP partners with blockchain media launch Civil to secure wealth, promote fairness , write news and follow. Use of terms.

The Associated Press is not the only media involved in the blockchain space. In June 2021, CNN announced Vaultby CNN's announcement: A Time to Change Our NFT Project. The project will symbolize a series of historic media periods in the company's 41-year history.

In September of last year, Time magazine announced the NFT NFT series of its NFT TIME Pieces community platform, and a total of 4,676 NFTs were sold in a single sales minute.

Last October, Britain's 'The Economist' held its first NFT competition at the NFT Platform Foundation and eventually sold 99.9 ETH (ETH) for the cover of the weekly 'Deep Rabbit'. Hall: Decentralization 'from September 18 to 24. year. . The expectation of money and evil. At the time, it was worth around $ 426,000.

Additionally, despite China's impact on the cryptocurrency market, China's state-run Xinhua News Agency announced in December last year that it would distribute the first Chinese stocks. The first group of NFT consisted of a total of 11 models. , each model is 10,000 pieces.