NFTs volume is dropping after an initial bubble-like storm of interest and millions pouring into the emerging digital goods market. But it could be because crypto investors are realizing as they wrap up last year's taxes – extended to May 17 in the United States – that buying such tokens with Ethereum results in a taxable transaction. Here's some of the tax pitfalls...
Another important non-fungible token (NFT) sale in the digital asset space has taken place. This time around, Waves.tech has sold its Duck NFT, dubbed “Perfection,” for $1,000,000 in USDN (Waves Neutrino Stablecoin). According to a press release shared with Altcoin Buzz, the proceeds from the sale will be used for future buybacks of NFT duck packs that will be built by Hunters...
Reading Time: 2 minutes An NFT auction featuring Jake Paul knocking out Nate Robinson is currently set to fetch a little over 1% of its reserve The auction may be a victim of a collapsing NFT market Many metrics are down to pre-mania levels or below...
Exciting updates abound as Secret Network discloses details of its Secret NFTs as well as the completion of its reference implementation for its SNIP721 Secret NFT standard. This article covers details of new updates on privacy- focused platform Secret Network, its Secret NFTs, and Secret Grant. Secret Network NFTs are privacy-focused non-fungible tokens built on Secret Network (SCRT). In line with the launch of...
Non-fungible tokens are not just limited to art and collectibles. They can be applied to anything to make it unique, and movies could be next on the list. On April 14, the Polygon Layer 2 scaling network, previously known as Matic, announced that movies could soon be coming to the platform in the form of non- fungible...
A Gareth Emery show is an absolute spectacle–a bombardment of lasers, music, and energy so grand it could convince an extraplanetary species to initiate war preparations. Short of stimulating a galactic war economy, Gareth Emery’s shows, adequately named...
NFTs are changing the definition of 'ownership' in the digital world. What does this mean for gaming?
Enjin, the blockchain platform and creator of the ERC-1155 non-fungible token (NFT) standard, has seen the price of its token, ENJ, enjoy a healthy rise in value after JumpNet launched. JumpNet is a new solution that’s focused on democratizing NFTs as well as eradicating ETH gas fees. Announcing the new feature via its official Twitter account, Enjin noted that JumpNet would enable...
Today, Bitcoin price recorded a new all-time high of $63,578 and is now trading at $63,062. Meanwhile, the second-largest cryptocurrency, Ethereum, also entered into a new all-time high territory and is trading close...
The Chainbinders game based on a liquid NFT economy has attracted over $5 million in investments over the first two hours of its liquidity generation event. A total of $3.8 million equivalent in the game’s native BND utility tokens were sold in under 15 minutes. The project found immense success among crypto users as the team managed to...
Capitalizing on blockchain technology, Unicly is deploying a novel protocol to fractionalize and pool liquidity for NFTs, allowing users to own portions of collections and resell them as fungible tokens. A New Means To Combine And Split NFT Collections Interest in NFTs has skyrocketed over the last few months, increasing the overall...
Amidst the ongoing boom, as crypto-based collectibles and artwork trade for thousands of dollars, NFT airdrops are garnering immense attention. By selling digital art as NFTs, artists are getting due recognition, as well as remuneration, for their creations. Beeple, for instance, caused ripples in the NFT scene by selling his artwork for a whopping $69 […] The post...
In summary: VideoCoin (VID) will be integrating Filecoin (FIL) to power the Video NFT market Filecoin will provide the necessary storage capacity for Video NFTs Video-based NFTs are gaining popularity and proof of ownership on Filecoin will be a gateway towards video origin verification The decentralized file storage project of Filecoin (FIL) will soon be the home of video NFTs thanks to an...
Are you trying to understand the NFT gold rush? Well, your search stops here. After so many requests from you, I have crafted a one-stop tutorial for your NFT research. This guide is apt for everyone from a beginner in this space to a professional who is already aware of the nits and grits of the NFT world. Because this guide also caters...
World-renowned auction house Christie’s is planning to sell more non-fungible tokens following the record sale of Beeple’s $69 million digital artwork. In an announcement on April 9, Christie’s stated that it was planning to auction nine rare NFTs from the popular and pricey CryptoPunks collection. A single lot...
What the hell is going on with the crypto market? We only managed to calm down from the previous hype with DeFi, and today all the news is full of some kind of NFT. Everybody is talking about Jack Dorsey and Elon Musk selling their tweets (WHAT?!), and digital artists earning more from their works at the Christie's auction than collectors selling Monet's...
Some NFT prices are falling. Is this the first indication of what is to come in the future?
PLUS: Bitcoin as a Chinese weapon???? After years of regulatory obscurity, the SEC will be releasing its internal communications to Ripple on how it determines if a cryptocurrency is a security or not. Whether that will help or hinder Ripple’s case in the SEC’s lawsuit against the company remains to be seen, but it should help the general public better understand the SEC’s...
Uhive is a revolutionary new British creator-first social network that has made it its mission to turn current social networks’ business models on their head! The cosmic themed social network is the first social network to create Non-Fungible Tokens (NFTs) for its users’ profiles (spaces) and that’s just the tip of Uhive’s disruptive technology.
It seems many people still do not understand what an NFT is. Some people think it’s artwork, other people think it’s an extreme environmental hazard. We have seen many over-simplified explanations and many overly complicated ones. So we thought we might step in and put it in layman's terms. You keep hearing that phrase, “non-fungible tokens(NFTs)”. It makes you wonder why crypto people...
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