CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Associated Press to sell historic pictures as NFTs

By Joyanta Acharjee

15:31, 11 October 2021

Binary code emerging from painting inside frame
Cryptocurrency technology as art – Photo: Shutterstock

Global news agency, the Associated Press (AP), plans to sell historic pictures from its archives as non-fungible tokens (NFTs) later this month.

The AP is releasing a curated collection of archived news reporting of key moments in world history.

Alongside pictures, the AP will also offer digitised copies of newswire flashes of important world events such as the Allied D-Day landings in Normandy in 1944.

Long history

The non-profit US news agency was founded in 1846 and has staff and news bureaus in 250 locations in 100 countries.

The New York-based news cooperative is collaborating with Australia’s MetaList Lab for the sale of its pictures and other assets on the Binance NFT marketplace on 19 October.

AP believes that facts belong onchain and distribution of this historic news reporting to the blockchain is nothing short of vital for the preservation of world history, the news agency said in a press release.

SOL/USD

220.38 Price
+4.340% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 2.2652

DOGE/USD

0.39 Price
+3.080% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.0012872

BTC/USD

90,005.65 Price
+1.580% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

ETH/USD

3,228.70 Price
+2.360% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

Niche asset class

NFTs are a niche asset class that combines the art world with the world of the blockchain, a decentralised system that records digital transactions.

NFTs differ from crypto currencies because they represent digital or physical assets, such as a work of art or musical composition, and contain additional information that can authenticate its origin and prove ownership.

The “non-fungible” part of NFTs mean they cannot be exchanged once issued, much like an airline ticket which contains specific information in the form of seat allocation and airport gate location.

In the first six months of 2021 NFT sales reached $2.5bn (£1.8bn), according to marketplace data compiled by Reuters.

Read more: Bored Ape NFT lots sell at auction

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 660,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading