The NFT collection will feature award-winning photography by current and former AP photojournalists, as well as a selection of “digitally enhanced depictions.”
The photographs will be minted as NFTs on the Ethereum layer-two scaling network, Polygon. The platform will support secondary transactions using debit or credit cards, and payments in Ethereum.
The marketplace is being built by Xooa, a blockchain infrastructure platform specializing in building “white-label NFT marketplaces for brands and IP owners.” Head of marketplaces at Xooa, Zach Danker-Feldman, said the partnership will serve as a “powerful connection between the virtual world and the real world.”
Crypto wallet provider Metamask is also supported, with future collaborations with Fortmatic, Binance, and Coinbase on the cards. Additional upcoming features will include “withdrawals to other marketplaces,” “social media capabilities,” “new content concepts,” and “off-chain benefits” for NFT holders.
Once every two weeks, there will be a “Pulitzer Drop,” which will include Pulitzer Prize-winning photographs. Each NFT will include the photograph’s detailed metadata such as the time, date, location, equipment, and technical settings used for the photograph.from the AP, funds from the NFT sales will go back into funding AP journalism. The Associated Press is a 175-year-old non-profit news cooperative based in New York City.
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