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Canon Jumps Into NFTs, Building a Digital Art Market Called Cadabra

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Canon is getting into NFTs by launching its own marketplace.

explains NFTs: “NFTs are verified using the blockchain, which is basically a transparent history of ownership, purchases, and trades that no one can edit and anyone can see. The blockchain ensures there will always be a trace from the current owner to the original creator.”

While details are scarce, Canon’s new digital NFT marketplace, Cadabra, will provide photographers a way to sell NFTs of their images. “The digital art will range from landscape, wildlife, lifestyle, sports, abstract, and other categories to spotlight the stunning work of the invited creators,” Canon says.

Some NFT marketplaces require users to buy items with specific cryptocurrencies. Canon says that Cadabra will support cryptocurrency wallets and credit and debit cards. Digital art on Cadabra will be minted on theExpanding beyond the digital space, Canon says that creators of all levels will also have the choice of offering purchasers prints with their initial drops, which Canon will fulfill, allowing the digital content owners to have a physical item to display.

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I give it a couple of weeks.

cringe

About 2 years too late, Canon. Just like with your cameras. What a shame.

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