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Usha Yadav
May 18, 2022

Getty Images Announced to Launch Non-Fungible Token

Online Getty Images NFT
Image gallery available online Getty Images has announced the introduction of a non-fungible token (NFT) marketplace and the debut of digital collectibles on the Palm sidechain, which is built on the Ethereum Virtual Machine. According to a press statement, Getty Photographs has engaged digital collectibles specialist Candy Digital to mint some stock images on the blockchain, selecting from the provider's 465 million images.
"These iconic and rare photos from the last two centuries are brought to life in a new digital format for people to explore and collect," said Scott Lawin, CEO of NFT creator Candy Digital.

The NFT marketplace from Getty Images will take both fiat and cryptocurrency payments. Major League Baseball, Race Team Alliance, and World Wrestling Entertainment partnered with Candy Digital (WWE). The South China Morning Post, for example, has joined the trend of creating NFTs using photographic records and archives. Photographic NFTs, on the other hand, pale in comparison to NFT avatars and digital collectibles.

Candy Digital

Candy Digital is a cutting-edge technology firm that creates fully licensed, high-end digital collectibles that help people connect with their passions. Major League Baseball, the Race Team Alliance, and  WWE all have official NFT partners in Candy Digital. Candy manages NFT ecosystems where fans and collectors may buy, trade, and share genuine NFTs to further their passion for sports, media, and culture.

Three executive partners founded candy Digital: Michael Rubin, CEO of Fanatics; Mike Novogratz, founder and CEO of Galaxy Digital; and Gary Vaynerchuk, serial entrepreneur and investor, who, along with their team of world-class digital artists, designers, and technologists, are developing a wide range of digital collectibles in sports, art, entertainment, music, and more.

Getty Images Announced to Launch Non-Fungible Token
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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