Thanks to the transparency and auditability of blockchains, blockchain technology has created many new and innovative use cases and has meaningfully impacted the way the world does business. Examples ...
Tag: NFTs
Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX
In brief FTX NFTs users say they can’t withdraw assets from the platform following the company’s bankruptcy filing. Coachella’s Innovation Lead said the concert festival is “actively working on soluti...
As DeFi and NFTs Suffer, Can SOL Whales Offer Respite?
For Solana price, it has been a choppy week, month, and year. SOL holders were already making massive losses, but the FTX fallout only deepened the distress. A year ago, the Solana ecosystem was budd...
Sony Files Patent for Tracking In-Game Digital Assets With NFTs
Newly published documents reveal that global entertainment giant Sony applied for a patent in 2021 for a system that tracks digital assets in video games using blockchain technology—specifically NFTs....
Music NFTs and Taxes: A Web3 Taxation Guide
Okay, first things first. The basics. Creating (a.k.a. minting) an NFT is not a taxable event. If you create an NFT (a 1:1 or a 10K-strong collection) and no one buys it or trades it, you will not be ...
CryptoPunks NFTs outnumber Bored Ape
In recent days, CryptoPunks NFTs have surpassed the value of the Bored Ape Yacht Club (BAYC) collection. This is a really big achievement, bringing the floor price of CryptoPunks to 60 ETH, while Bore...
Sony’s PlayStation Up Next For NFTs?
If NFT fanatics were asking ‘XBox or PlayStation,’ they might have a reason to be partial after this week. A new patent from Sony’s console gaming division has been generating buzz around potential bl...
CryptoPunks Come to Art Museums as Yuga Labs Begins Donating Ethereum NFTs
Yuga Labs has hatched a plan to donate CryptoPunks NFTs to modern art museums around the world, starting with Punk #305. The Ethereum NFT is being donated to Miami’s Institute of Contemporary Art, whi...
Numerous owners of Imaginary One NFTs purchase Toon Finance!
If you’ve been searching for different NFTs, you might have learned of the Imaginary One NFTs. Because of their recently released 3D NFTs, they have been discussed. Among the many NFT holders that fol...
What Are Utility NFTs?
As utility NFTs have evolved, they’ve also presented new ways to provide holders with digital access to events and platforms. Americana, for example, is an online marketplace for physical collectors s...
Tracking In-Game Digital Assets With NFTs Patent Filed by Sony
Sony plans to employ a distributed ledger (blockchain) to keep track of digital media assets. The tech giants entry into the expanding NFT gaming market is signaled. Records recently made public indic...
Nike Launches .Swoosh Web3 Platform, With Polygon NFTs Due in 2023
In brief Apparel giant Nike has launched a new Web3 platform called .Swoosh that will offer Polygon-based NFT products. The firm acquired Web3 studio RTFKT in 2021 and released digital Nike sneakers a...
PlayStation Looking To Integrate NFTs in Games
– Advertisement – PlayStation might be looking to integrate non-fungible tokens (NFTs) in their games, as indicated by a new patent from Sony. Video gaming brand PlayStation might be looki...
Taxation for Cryptocurrency, NFTs and Other Digital Assets Still in Its Infancy in the US
There are also industry participants who believe that digital assets should require new tax rules because of their newness, though I’d argue that every asset and transaction, no matter how new or old,...
Why NFTs Are Harder To Value And Trade Than Cryptocurrencies?
Introduction Non-fungible tokens, also known as NFTs, have lately been in the news. What do they signify for the cryptocurrency sector and what do they actually mean? Digital assets include both crypt...
Why Cricket Went In On NFTs
Virat Kohli produced an indelible moment at the T20 World Cup against Pakistan (Photo by Quinn … [+] Rooney/Getty Images) Getty Images Those watching the ongoing T20 World Cup should be well acq...
Troubled FTT investors turn to NFTs as means to recover funds. Decoding…
Prominent crypto voice on Twitter, @0xfoobar, revealed that several FTX users have been buying non-fungible tokens (NFTs). These users have been purchasing NFTs from Bahamian holders to rescue themsel...
StreamCoin Releases Eco-friendly “Green NFTs” In Partnership With One Tree Planted
– Advertisement – As part of its collaboration with One Tree Planted, the blockchain company StreamCoin has announced the launch of a new environmental initiative to further its sustainabi...
FTX NFTs Provided Loophole For Non-Bahamas Residents Wanting to Withdraw Funds
FTX Group has filed for Chapter 11 bankruptcy in the US, and customers have been scrambling to get their money off the platform — by any means necessary. The crypto exchange had re-enabled withdrawals...
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows nonfungible token (NFT) holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet...
Top Selling NFTs Right Now – The Entire NFT Market Turns Red
Join Our Telegram channel to stay up to date on breaking news coverage The NFT market has suffered another market crash after the Binance crypto exchange pronounced terminating its initial deal to bai...
OnePlanet Introduces Launchpad for NFTs on Polygon (MATIC)
Vladislav Sopov OnePlanet is going to unveil its flagship NFT launchpad on trending EVM blockchain Polygon (MATIC) Contents OnePlanet’s NFT launchpad debuts on Polygon (MATIC) blockchain Landmar...
EthernityChain To Brings NFTs From ‘Globally Recognized Brands and Individuals’ On XRP Ledger
– Advertisement – Ethernal Labs Discloses Reasons Behind Ripple Partnership, Including Support for the Web3 Scene. Ethernal Labs is collaborating with Ripple on bringing world-renowned bra...
XOXNO Brings Mainstream Focus to NFTs with Fiat Payments for…
A couple of years ago NFTs were considered by many as a little more than a gimmick for hardcore crypto-heads. Today, Non Fungible Tokens have ballooned into an $11.3 billion market, thanks to the expl...
Bitverse Incorporates Soul-Bound NFTs with Unlimited Privileges
Place/Date: – November 9th, 2022 at 1:06 pm UTC · 3 min read Source: Bitverse The demand for aggregated and trustworthy Web3 data sources continues to grow in a market where knowledge and innova...
Top 5 Domain Name NFTs to Watch in November 2022
In contrast to the services provided by web2.0 platforms, where data is centralized, NFT domains are simply described as domains that reside on a public blockchain and provide their users full ownersh...
Cardano NFTs Reach Six Million, Setting New Milestone: Details
The Cardano network has set a new milestone as it now has over six million NFTs. According to pool.pm data, the number of NFTs on the Cardano blockchain is presently 6,006,497, with 64,611 distinct mi...
Gary Vaynerchuk’s VeeFriends Announces VeeCon 2023 In Indianapolis
By: Christos Makridis VeeFriends 2023 announcement Source: VeeFriends Today, Gary Vaynerchuk announced that VeeCon 2023 — a convening that brings together iconic leaders from business, web3, and pop c...
Royalty-Enforcing NFTs Could Be A ‘New Asset Class’ Jack Lu
The largest NFT marketplace on Solana, Magic Eden, is grappling with the issue of creator royalties for NFTs. Recently, Magic Eden lost nearly 40% of Solana’s market share to optional-royalty NFT plat...