Think those iPhone photos of yours are worthless? Think again. Foap is a new iOS app helping users to license their phone images and get paid for them.

The app becomes available on Wednesday in the iPhone App Store for free. Users can sign up and start uploading pictures from their phones that they are interested in selling, and tagging them constantly in order to have people buy them. Then Foap takes it from there.

Once the Foap approves the submitted photos, then they can go from your phone to the marketplace, which users can see happen through their Foap profile page online or through the app itself.

The app sells all photos at $10 and splits the profit equally between the user and Foap once the photo is sold. Users can make five dollars for doing nothing but submitting their photos.

Pictures can be sold individually or as packages and anyone can buy credits that are used to purchase photos.

Those who purchase large quantities of credit in advance are offered discounts on photos.

The largest buyers of these photos tend to be companies in search of stock photo art.

Co-founders Alexandra Bylund and David Los were inspired to create Foap because of all the plain images seen on big stock image sites. They are hoping that Foap can bring diversity to these site images.

So far Foap has about 12,000 users submitting photos onto the site.