Online image gallery Getty Images announced it will launch a non-fungible token (NFT) marketplace and debut digital collectibles on the Ethereum Virtual Machine-based Palm sidechain.
See related article: Hong Kong’s South China Morning Post to make NFTs to preserve history
Fast facts
- Getty Images has tapped digital collectibles specialist Candy Digital to mint some stock image on the blockchain, picking from the provider’s 465 million images, according to a press release.
- “NFT products creatively bring these iconic and rare photographs from the last two centuries to life for people to experience and collect in a new digital format,” said Scott Lawin, CEO of NFT developer Candy Digital.
- Getty Images’ NFT marketplace intends to accept both fiat and cryptocurrency payments.
- Candy Digital is a partner of Major League Baseball, Race Team Alliance and World Wrestling Entertainment (WWE).
- News outlets such as the South China Morning Post are taking part in the trend to mint NFTs out of photographic records and archives.
- However, photographic NFT popularity dwarfs in comparison to NFT avatars and digital collectibles.
See related article: From in-print to online to on-chain: How will Web 3.0 reshape news media?
