​Canon to Launch Ethereum Photo NFT Marketplace Cadabra Canon | CoinQuest

​Canon to Launch Ethereum Photo NFT Marketplace Cadabra

Canon USA, the American division of the global camera and imaging giant, announced today that it will launch an Ethereum NFT marketplace dedicated to photography later this year, dipping further into the Web3 world after an NFT drop in 2022.

Cadabra, described as a curated marketplace for tokenized photographs, is set to roll out later in 2023 following an initial preview at this week’s NFT NYC conference. According to a press release, the marketplace will offer photos across various categories, including wildlife, sports, lifestyle, and landscapes, among others.

Canon has yet to reveal which photographers will participate in the platform, but Cadabra will feature both initial drops of photo collections as well as a secondary marketplace for reselling the NFTs.