NFT

The Associated Press has launched its own NFT marketplace

for photojournalism

The Associated Press , and AP , have announced they are creating a marketplace to sell NFTs from the work of their photojournalists in collaboration with Xooa. It describes its venture into NFTs as a way to allow collectors to “purchase award-winning contemporary or historic photojournalism from the news agency” and claims that virtual tokens will be available at “broad, inclusive price points” (though it is hard to predict what prices resellers will desire on the marketplace).

The news outlet claims its system will use the “environmentally-friendly” Polygon blockchain. It also says that NFTs will include a rich set “of original metadata” to show buyers when, where and how they were taken. It says its first collection, launching January 31st, will include NFTs featuring photos of “space, climate, war and other images to spotlights on the work of specific AP photographers.”

AP isn’t the first journalistic enterprise to use or express interest in NFTs. Quartz and The New York Times have sold copies of their articles as NFTs, and Getty Images’ CEO Craig Peters said in December that there’s “a real opportunity” for the company when it comes to NFTs. People won’t be debating about whether they want a Getty or an AP FFT anytime soon. However, the former seems to be more patient and said that he doesn’t feel the need for speeding into the space. This seems to be the biggest NFT-related effort from a major news source so far.

It does not seem that AP wants to sell its NFTs in a metaverse tie in (either as part a virtual museum or in an as decorations in an online accounting office as other media executives in music industry may be interested .). Its announcement and FAQ make no mention of the metaverse (outside of mentioning that Xooa also works with brands on “metaverse strategies” in the “About Xooa” section), and the project seems entirely aimed at collectors who want to, as the press release puts it, “seamlessly buy, sell and trade official AP digital collectibles through the marketplace.”

Buyers will be able to pay for NFTs from the market using either credit cards or Ethereum — AP says the MetaMask will be the first wallet supported but that there are plans to add support for others. You can buy NFTs from the market by creating virtual queues.

AP says that the proceeds from the NFTs’ sale will be used to fund its journalistic endeavors. It’ll also get revenue whenever they’re resold on its marketplace — the FAQ says there’s a 10 percent fee associated with reselling, and Xooa spokesperson Lauren Easton told The Verge in an email that the two companies would share that fee. (The transaction fees, or “gas” fees, that Ethereum is infamous for shouldn’t add too much to the price of sales, as they’re significantly lower on Polygon.) Easton told us that all revenue will be shared by the “photographers”, but did not specify their share.

AP says its marketplace is set to open on January 31st, but it does seem to be offering a sort of early access scheme; the landing page for the marketplace says you can get on a waitlist and that you can get “priority access” and a higher waitlist ranking if you refer others to sign up. If you’re the type of collector AP is targeting with these offerings (or you’re someone interested in how this type of marketplace will work), it’s worth doing a thorough read of the FAQ — it gets into how Xooa is planning on adding support for moving the NFTs to other marketplaces, talks about how the drops will work, and has tons of detail about the marketplace, account system, and the seller verification processes.

NFT

Locker Token, Euro Ice Hockey Champs Rogle BK To Hold In-Person NFT Events

press release

PRESS RELEASE. Locker token & Ice Hockey experts Rogle BK announced an In-Real-Life NFT (In-Real-Life) event at the Catena Arena, the home of European champions. This event will showcase NFTs as an innovative asset class and educate Rogle fans about how to use the blockchain to purchase their favorite player trading cards.

The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction with cryptocurrency experts – The Nordic Whales.

About The Event

Rogle BK fans were the first fanbase able to mint their favourite players and in-game moments via the Locker sports NFT marketplace. With the Locker Token app, the team has the technology to create any NFTs desired by fans. The event was planned in line with the partnership to help blockchain enthusiasts make their first steps.

The event will be hosted and supported by local natives the Nordic Whales, who are located a mere 20 minutes from the stadium. Because they are close to the team, the AMA enthusiasts can provide educational content in English and Swedish.

The first 500 fans are in for a treat upon arrival after scanning the event QR code. This will provide them with a free mint, with a further 6500 being minted on the day that will be made available for purchase. The first 500 will be randomized in terms of rarity.

What is Locker Token?

Locker Token provides an ecosystem that allows athletes and sports teams to futureproof their offerings and monetize them through blockchain. It also connects fans and athletes via a unique asset type. After a successful contract migration, Locker’s ticker $LKT is now listed on CoinMarketCap.

Despite being a relatively new project, the ecosystem features a number of the worlds best Ice Hockey teams and players including; Rogle BK, Manchester Storm, and HC Bolzano. There are more Ice Hockey teams than other sports. The goal is to get each team’s fans to Locker and become engaged buyers and fans.

From a token perspective, the Ethereum price decline of late has dragged the price of $LKT with it due to the closely-connected nature of Locker as an ERC20 token. Despite the market downturn, the team has maintained its efforts to create and build new partnerships.

500 lucky fans will receive a free mint upon scanning a QR code.

About Rogle BK

RogleBK (Rogle Bandyklubb), is a professional Swedish ice hockey team based in Angelholm. The club has featured in the SHL most-recently since the 2015-16 season. Rogle has previously played in the SHL in 1992-1996, 2008-2010, and briefly in 2012-13.

The team is currently in a mixed season and are currently 9th in league standings. They are however on a two-game winning streak, with Adam Tambellini playing a big part in the team’s offensive play with 12 league goals to date.

Mint Rogle BK NFTs today via the Locker Token app for iOS and Android.

This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their due diligence. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.

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NFT

Financie Begin to Prepare for the IEO of Entertainment DAO Project “SUPER SAPIENSS” Led by Yukihiko Tsutsumi and Katsuyuki Motorolahiro

press release

PRESS RELEASE. “SUPER SAPIENSS NFT” Public-Sale on December 24.

Financie, Inc. (headquarters, Tokyo; CEO, Hironao Kunimitsu; hereinafter “Financie”) has commenced to prepare for the IEO (*1) of the entertainment DAO project “SUPER SAPIENSS”. Additionally, “SUPER SAPIENSS NFT” will start a public sale from 24rd December, 6 am(EST) available for anyone.

SUPER SAPIENSS NFT https://supersapienss.com/nft/

SUPER SAPIENSS https://supersapienss.com/

Financie has launched the IEO support business in July 2022 to expand the “community-driven” creator economy. Financie will assist the entity/group in developing and creating the token economy. They will analyze and clarify the risks from the point-of-view of accounting and tax (*2) and prepare the applications to handle newly-issued crypto assets. Financie has a partnership agreement already with Light Inc. for their IEO. They are currently in discussions to Angkor Tiger FC and Iganmu Tiger FC about their IEO.

“SUPER SAPIENSS” is an entertainment project initiated by three directors, Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato, who lead the Japanese entertainment and film industry, and the producer Takeshi Moriya, known for “Midnight Swan” and other films, to carry out the entire process from creation of the original work to its visualization. Since the launch of the project on FiNANCiE in January 2022, it has been active with the co-creation community in the production of original videos and webtoons, and the NFT. Financie supports the issuance “SUPER SAPIENSS”, crypto assets token. This will allow “SUPER SAPIENSS” token economy to grow beyond FiNANCiE.

*1 IEO stands for “Initial Exchange Offering”. Token offerings can be made through exchange platforms. Before a sale is initiated, there are many checks and due diligence. Tokens can be used to raise funds and to create and strengthen communities.

*2 Financie does not provide professional advice based on the Lawyers Act, the Certified Public Tax Accountants Act, etc.

[(Outline of Public Sale)]

Target: Anyone can purchase on the Mint website (first-come-first-served basis)

Period:

2022/12/24 6 am ~ 2022/12/25 6 am (EST)

2022/12/24 11 am ~ 2022/12/25 11 am (GMT)

2022/12/24 3 am ~ 2022/12/25 3 am(PST)

Quantity: 500 + the amount not sold out in the Pre-Sale at the Minting site (no limit of mints / up to 5 mints at a time)

Payment method: ETH payment

Remarks: The management will keep the unsold items and use them for burn or future development to avoid selling pressure.

Purchase Page:https://supersapienss.com/nft/

[(Comments from the producers)]

#Takeshi Moriya, SUPER SAPIENSS Producer

“I’m very excited to begin the preparations for IEO.

We have been engaged in various activities as SUPER SAPIENSS for about a year, and it has passed so fast.

Starting with the community creating onFiNANCiE platform, we organized and commenced actor auditions, the Japan tour of “SUPER SAPIENSS THE BEGINNING,” which is led by members of the community, and NFT and WebTOON, that is now being launched. Through such activities, we hope to create new entertainment opportunities.

In preparation for the IEO, we are considering various measures linked to the community tokens in FiNANCiE, and NFT holders, so that we can create an entertainment which everyone from all over the world can enjoy’.

#Hironao Kunimitsu, CEO, Financie, Inc.

“I believe the success of this SUPER SAPIENSS IEO will be very important for NFT’s future. We will try our best to achieve it.

As the one and only Web3 platform provider in Japan, Financie will continue to support the formation and expansion of the token ecosystem through its token-issuing crowdfunding service “FiNANCiE”, NFT business, and IEO support business, in order to achieve its corporate vision of “Empowering the next billion dreams”‘.

About Financie, Inc.

Financie, Inc. provides the businesses that support the formation of communities and ecosystems using tokens, including FiNANCiE, a token-issuing crowdfunding service that utilizes blockchain, NFT business, and IEO support business. Currently, more than 180 sports teams, entertainment projects, and individuals have issued/sold/operated their own tokens on FiNANCiE. Japan’s only Web3 platform, which supports the creation and expansion of token ecosystems in an integrated way, will be established.

FiNANCiE|FiNANCiE https://financie.jp/

App: App Store (Supported OS: iOS 14.0 and above)

https://apps.apple.com/jp/app/financie/id1470196162

App: Google Play (Compatible OS: Android 6.0 and above)

https://play.google.com/store/apps/details?id=jp.financie.ichiba

This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

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NFT

FTX-Hosted NFTs Show Broken Metadata, Issue Illuminates Flaws with NFTs Tied To Centralized Clouds

FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds

On Wednesday non-fungible token supporters discovered that the NFT metadata hosted by FTX US pointed to broken metadata. The links now point to FTX’s restructuring website. The specific collections created on the Solana blockchain using the FTX USA NFT platform don’t show the NFT imagery. Also, the Coachella NFT marketplace listings have vanished.

FTX NFTs in the US Redirect Metadata to FTX Restructuring Page

This week, owners of FTX US-hosted NFTs discovered they cannot see their NFTs’ imagery or animations. NFTs derived from FTX US have broken metadata. The issue was discovered Wednesday by a number of NFT and crypto supporters.

“Oh look FTX hosted all the NFTs minted on their platform using a Web2 API and now all those NFTs have broken metadata, and the links go to a restructuring website,” the Twitter account jac0xb.sol wrote on Wednesday. Jac0xb.sol added:

There is a lesson to be learned here yet collections are still hosting metadata on [Amazon Web Services].

In addition to Jac0xb.sol, the Twitter profile @web3isgreat, an account that highlights Web3’s special moments, tweeted about the FTX US-hosted NFT issues as well. The Web3 is going just great Twitter account noted how the website nft.coachella.com/marketplace shows zero listings.

FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds — The Coachella NFT marketplace on Dec. 8, 2022, shows zero listings.

Further the account stated that the FTX US-tethered NFTs of the Coachella NFT Collection do appear as secondary market listings, but don’t show imagery or the metadata is broken. The company behind the music and arts festival, Coachella, partnered with FTX US in Feb. 2022.

If a user visits magiceden.io and searches for NFTs based on the Coachella collection, the listings will display micro-images from the compilation’s artwork. However, when a user toggles to see the details of the actual listing, the NFT’s imagery is not shown.

Similarly, FTX US-based NFTs listed on Opensea show the images on the main sale page and even some of the details on individually listed NFTs still show the images, but there are many that do not or they show errors. The NFTs that are listed on Opensea show a floor value of around 100 ethereum (ETH) and Coachella NFTs listed on magiceden.io are listed for prices between 1-100 SOL per unit.

This story contains tags

0 listings, Amazon Web Services, AWS, Blockchain, broken metadata, Cloud Hosting, Coachella NFT Marketplace, Coachella NFTs, ftx, FTX US NFTs, FTX US-hosted NFT, FTX.US, images, Listings, Metadata, NFT art, NFT issues, NFTs, Non-fungible Token, Non-fungible tokens, SOL, Solana, Wallets

What do you think about the broken metadata issue tethered to FTX US-based NFTs? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or related to the use or reliance of any content, goods, or services in this article.