I do not know who needs to hear this, but owning an NFT is not the same as owning a project’s copyright or intellectual property. This is the first point I’d like to make. An NFT, or non-fungible toke...
Tag: NFT
Gate.io’s NFT Magic Box Successfully Reached These Major Milestones in 2021
January 17, 2022 – Singapore, Singapore In April 2021, Gate.io launched their NFT Magic Box marketplace. In the time since, the platform has made great strides as the global NFT market saw rapid growt...
Indonesian makes $1M out of selling NFT series on OpenSea
The non-fungible token (NFT) sector is still booming despite the sluggish performance of cryptocurrencies this month. A 22-year old Indonesia student is the latest to make major returns from the NFT s...
NFT Platform OpenSea Hits Record $3.5B in Monthly Ethereum Volume
OpenSea, a popular marketplace for non-fungible tokens (NFTs), has recorded a new all-time high in monthly Ethereum trading volume, soaring past the $3.5 billion mark, according to data from Dune Anal...
Walmart to Launch its own Crypto and Collection of NFT
Well-known U.S. retailer Walmart appears to be laying the groundwork for its foray into the Metaverse, documents filed shown with the U.S. Patent and Trademark Office late last month, showing that Wal...
Gate.io’s NFT Magic Box Successfully Reached These Major Milestones in 2021
Singapore, Singapore, 17th January, 2022, Chainwire In April 2021, Gate.io launched their NFT Magic Box marketplace. In the time since, the platform has made great strides as the global NFT market saw...
Tory Lanez Is Releasing His NFT Collection With Decentar Labs
Advertisement     17th January 2022, Tallinn, Estonia – Canadian rapper, singer, and record producer Tory Lanez has unveiled his first-ever NFT collection with Decenta...
Indonesian Student “Ghozali Everyday” Selfie NFT Collection Sold for $1M
An Indonesian student has become a millionaire after his selfies were sold in the form of non-fungible tokens (NFTs) for $1 million on mainstream NFT marketplace OpenSea. Per the report, Sultan Gustaf...
Arctic Bearz is on a mission to save the endangered polar bears through their NFT project
With the pre-sale of a 3,500 collection of Arctic Bearz launching shortly, it is bound to make a deep impact in the NFT sphere. Out of the numerous NFT projects we have seen till date, one stands apar...
Konami’s Castlevania Anniversary NFT Sale Raises Over $160K – Bitcoin News
Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th a...
Pope Francis’s Pontifex Carpet Gift Sold as NFT for Charity Purpose in Afghanistan
A Pontifex carpet gifted to Pope Francis by Sheikh Mohamad Bin Zayed Al Nahyan, the crown prince of Abu Dhabi, during his visit to the Vatican in September 2016, was sold as a non-fungible token (NFT)...
OpenSea NFT Competitor LooksRare (LOOKS) Jumps 13% as NFT Trading Volumes Surge
The NFT market has been heating up at the turn of the year, with NFT chatter and trading volumes ballooning. While regulatory and monetary policy chatter have pegged back Bitcoin (BTC) and the broader...
Bitcoin, Crypto And NFTs Are Braced For A Big Week As Extreme Price Swings Hit Ethereum, BNB, Solana, Cardano And XRP
Bitcoin, cryptocurrencies and NFTs have had a mixed beginning to 2022, with the bitcoin price recording one of its worst-ever starts to a new year. Subscribe now to Forbes’ CryptoAsset & Blo...
NFT Investors Are Owing Billions In U.S Taxes, Here’s How IRS Plans to Collect Tax
Over time, nonfungible tokens (NFTs) have proven to be one of the hottest sectors in crypto, and now the U.S. government may finally be ready to get its share from this booming sector. According to a ...
Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack
The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equival...
How Wikipedia’s Classification Of NFTs As ‘Not Art’ Impacts Equity In The Art World
Wikipedia Getty Images In a lot of ways, NFTs have represented an opportunity for artists to bypass traditional gatekeepers, allowing a more diverse range of artists to reach collectors and sell their...
An NFT sale raises $80K for poor families in Afghanistan
TL;DR Breakdown The Pontifex carpet NFT was sold for over $82K. It was a gift to Pope Francis from the crown prince of the UAE. 80% of the revenue will go towards helping vulnerable families in Afg...
The IRS Hopes To Recover Billions In Taxes From Evading NFT Traders ⋆ ZyCrypto
Advertisement     According to a recent report by Bloomberg, the Internal Revenue Service now hopes to net Billions of Dollars in taxes from evading NFT traders. Shill...
LooksRare disrupting NFT marketplace and moving ahead of OpenSea
OpenSea was undoubtedly the market player in NFT marketplace but at least five NFT market announced to get launched LooksRare being one of them launched on 11 Jan and already have gained lot of attent...
Foam Shoe Giant Crocs Files NFT and Digital Collectibles Trademark Application – Bitcoin News
According to a recent trademark application, Crocs, the American shoe company based in Colorado may be delving into the world of non-fungible tokens (NFTs). Since 2004, Crocs has sold 300 million pair...
$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge – Markets and Prices Bitcoin News
During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate...
AI-generative art predicted to be next trend for NFT sector
Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year...
NFT Marketplace LooksRare Set to Compete With OpenSea by Offering Trading Rewards
LooksRare looks to cash in on the NFT craze that shows no signs of abating, even at this early juncture in 2022. There’s a new NFT marketplace that’s attracting significant trading volumes, called Loo...
Gift to Pope Francis Sold as NFT Raises $80,000 for Afghanistan – Bitcoin News
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital rep...
NFT Market Participants Could Face Stiff Tax Penalties In the U.S.
As the NFT market boomed in 2021, so do the questions around taxation come the next tax season. The Internal Revenue Service wants its share of the NFT booty. There is a lack of clarity on how NFT hol...