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Associated Press to Auction Its First NFT Artwork on OpenSea

Summary:
All bids on the digital art are priced in Ethereum and the top at press time was for 8 in Wrapped Ether (WETH).The Associated Press (AP) is set to auction its Non-Fungible token (NFT) artwork that commemorates the first United States election reported on a blockchain. The artwork, “A View from Outer Space,” a product of a collaboration between The Associated Press (AP), Everipedia and digital artist Marko Stanojevic will be auctioned on OpenSea on March 3, for a period of seven days.The NFT artwork shows a visual of the electoral college map from space using election Associated Press data published on-chain at the time. The digital art according to reports is considered one of a kind and a 1/1 edition. The Associated Press declared the winner of the 2020 US Presidential Election via an

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All bids on the digital art are priced in Ethereum and the top at press time was for $928 in Wrapped Ether (WETH).

The Associated Press (AP) is set to auction its Non-Fungible token (NFT) artwork that commemorates the first United States election reported on a blockchain. The artwork, “A View from Outer Space,” a product of a collaboration between The Associated Press (AP), Everipedia and digital artist Marko Stanojevic will be auctioned on OpenSea on March 3, for a period of seven days.

The NFT artwork shows a visual of the electoral college map from space using election Associated Press data published on-chain at the time. The digital art according to reports is considered one of a kind and a 1/1 edition. The Associated Press declared the winner of the 2020 US Presidential Election via an Ethereum address on Everipedia’s OraQle software. According to a press release, AP’s Ethereum address served as a cryptographic signature and provided authenticity through metadata that AP included of the “exact date and time that AP called the election.” 

AP’s collaboration marked the first time a United States presidential election was reported on a blockchain, according to the news agency.

Dwayne Desaulniers, AP’s Director of Data Licensing speaking to reporters after the news, confirmed that the auction of the digital art is ongoing. “As we continue to test blockchain for revenue models and journalistic use cases, we thought an original and creative NFT would be interesting to test on many levels,” he stated in an email. “The map in the image is based on the election data the AP published on chain in November. We thought we would use the NFT to mark that milestone,” Desaulniers added. 

All bids on the digital art are priced in Ethereum and the top at press time was for $928 in wrapped ether (WETH).

The Associated Press announced on October 15, 2020, that its 2020 election results would be recorded on a blockchain database, the first time it was doing so in its almost 200-year history. AP at that time announced that it was collaborating with Everpedia tech startup, a not-for-profit wire service to record over 7,000 state and national election race calls on a blockchain, alongside a publicly accessible user interface displaying the results.

According to a press release from the news Agency, Chainlink was initially chosen as the intermediary between the AP data and Everipedia. 

Desaulniers speaking at that time stated that the experience was difficult and very interesting. “We’re watching very closely to see how our work can be applied to this media. Everipedia has been good to work with, a solid partnership. We do the race calls, they do the technical stuff,” he said. 

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Kofi Ansah

Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.

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