What to Expect from Cadabra
Slated for release later this year, Cadabra is a meticulously curated marketplace for tokenized photographs. The platform will make its debut in 2023 with an initial preview at the NFT NYC conference last week. Cadabra aims to cater to a wide range of photography enthusiasts by featuring various categories such as wildlife, sports, lifestyle, and landscapes, to name a few.
Photographers and Collections
While Canon has not yet disclosed the list of participating photographers, the platform will host both initial drops of photo collections and a secondary marketplace for NFT resales. This dual functionality will provide users with a dynamic and engaging experience.
Physical Prints and Payment Options
Notably, Cadabra will also enable artists to offer physical prints of their digital images, which Canon will fulfill. Initially launching in the United States, Cadabra will accommodate both credit/debit card and cryptocurrency payments, making it accessible to a broader audience.
Canon’s Previous NFT Ventures
Prior to unveiling Cadabra, Canon had launched a series of photo NFTs on Solana in July 2022. This collection, created in partnership with Immutable Image, featured tokenized works from esteemed photographers such as Sam Abell, Barbara Bordnick, Melvin Sokolsky, and Joyce Tenneson.
Canon Unveils Cadabra, an Ethereum-based NFT Photography MarketplaceCanon Unveils Cadabra, an Ethereum-based NFT Photography Marketplace
Impact on the Photo NFT Landscape
Although the photo NFT market remains relatively niche compared to larger segments like profile pictures and generative art, it has produced highly valuable collections for photographers like Justin Aversano and Isaac “Drift” Wright. With the introduction of Cadabra, Canon is poised to transform the landscape, offering an innovative platform that rivals existing photo NFT platforms such as Quantum Art and Sloika.
Key Points
What is Cadabra?
Cadabra is an Ethereum-based NFT photography marketplace developed by Canon USA.
When will Cadabra launch?
Cadabra is set to launch later in 2023, with an initial preview at the NFT NYC conference.
What types of photographs will be featured on Cadabra?
Cadabra will host a variety of categories, including wildlife, sports, lifestyle, and landscapes, among others.
Will Cadabra offer physical prints of digital images?
Yes, participating artists will have the option to offer physical prints of their images, which Canon will fulfill.
What payment options will Cadabra support?
Cadabra will accept both credit/debit card and cryptocurrency payments.
How does Cadabra compare to other photo NFT platforms?
With Canon’s expertise in imaging technology and a focus on curated content, Cadabra is poised to provide a unique and engaging platform for photographers and collectors, rivaling existing photo NFT platforms such as Quantum Art and Sloika.
