JAKARTA - The USA Canon will introduce a new photography NFT marketplace in the near future. The market is called Cadabra and will offer NFT photos in various categories, as well as allow artists to offer physical prints from their works. Payments can be made using credit/debit or cryptocurrency cards.
The existence of Canon in the photography NFT market is expected to be well received by photographers and collectors. By tokenizing photos as NFT, artists can generate new revenues and collectors can gain access to unique and valuable digital artwork. The launch of Cadabra in the near future is expected to strengthen Canon's position as a major player in the Web3 world.
Canon plans to engage the Cadabra market with an initial offering of a collection of photos as well as a secondary market for resales. The company has introduced the Cadabra market at the NFT NYC conference and plans to launch it in 2023.
The Cadabra Market will compete with other photographic NFT platforms such as Quantum Art and Sloika. Canon has not disclosed a list of photographers to be displayed. But the company has pledged to present various categories, including wild life, sports, lifestyle, and scenery.
With Canon's innovation into the Web3 world through the launch of the Cadabroid, it is hoped that the company can achieve a significant impact in the growing photography NFT market. With its reputation as a leader in the camera and imaging industry, as well as their advanced move in the digital art space, Canon is expected to become a major player in the NFT ecosystem in the future.
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