Camera giant Canon will launch the NFT marketplace "Cadabra," providing a platform for trading digital photography works.

The U.S. branch of the renowned camera manufacturer Canon announced today (14) that it will launch a photo marketplace called Cadabra on the Ethereum blockchain, offering digital artwork (NFT) transactions. Users will be able to buy and sell photos using cryptocurrency. The exact launch date is uncertain, but it is expected to be released later this year.

Canon Digital Art Marketplace Cadabra

According to Decrypt, Cadabra will offer various types of photos such as wildlife, sports, lifestyle, and landscapes. On the Cadabra platform, initial releases of photo projects will be available, serving as a secondary market for these artworks.

In addition, participating artists can provide physical print works in addition to digital images, with Canon handling the subsequent work.

However, Cadabra will initially launch only in the United States, and transactions can be made using credit cards, debit cards, and cryptocurrency.

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