The United States Internal Revenue Service (IRS) has confirmed its intention to tax nonfungible tokens (NFTs) at a higher rate than already set in place. Nevertheless, the agency has also declared its interest in seeking public opinion on the implementation of the new tax rules and regulations. Are NFTs Collectibles? The IRS appears to be… Continue reading IRS Invokes Public Opinion On NFT Tax
Category: NTF
Paris Blockchain Week: Top NFT Trends To Watch In 2023
The Paris Blockchain Week attracted more than 10,000 participants who came to the Carrousel du Louvre from March 21st to 23rd. In that context, this Web3 gathering served as a major testament to the continuing vitality of Web3, even in the wake of dropping prices. Here are the top NFTs trends seen in the event… Continue reading Paris Blockchain Week: Top NFT Trends To Watch In 2023
Mythical Games And Hadean Partner On Cross-Chain Gaming Infrastructure
Hadean is an award-winning metaverse project. In recent news, the company confirmed that it is joining Mythical Games on the Mythos Foundation. In doing that, Hadean will assist in the building of initiatives for increased interoperability between metaverse projects. What is the Mythos Foundation? Mythos Foundation Overview The Mythos Foundation consists of five metaverse projects… Continue reading Mythical Games And Hadean Partner On Cross-Chain Gaming Infrastructure
Microsoft Edge Joins The NFT World With Built-In Wallet
Microsoft’s Edge browser is scheduled to soon feature a built-in wallet for crypto and nonfungible tokens (NFTs). A pseudonymous insider by the name “Albacore” leaked screenshots that showed the new functionality in the past week on Twitter. Since then, the tech giant is yet to make an official comment, but it does appear like the… Continue reading Microsoft Edge Joins The NFT World With Built-In Wallet
Top 5 Ways Of Making Money With NFTs In 2023
The top 5 methods that can enable you to make money with NFTs in 2023 are ideal strategies for earning passive income. Although recent macroeconomic conditions have made the NFT market vulnerable, the huge spikes in the cryptos like Ethereum and Bitcoin are helping in the industry’s recovery. If you are looking for ways to… Continue reading Top 5 Ways Of Making Money With NFTs In 2023
Orange Comet Partner With The Doodle Boy For New Digital Collectibles Series, ‘The Remarkables’
The trendsetting Web3 media and gaming firm, Orange Comet, is betting large on 13-year-old artistic genius Doodle Boy. The LA-based firm said on March 16 that it is partnering with Joe Whale, popularly called Doodle Boy, to create an NFT collection known as “The Remarkables”. Who Is Orange Comet? Orange Comet’s primary goal is to… Continue reading Orange Comet Partner With The Doodle Boy For New Digital Collectibles Series, ‘The Remarkables’
NFTs Break Legal Ground Meant To Serve Anonymous Hackers
Nonfungible tokens (NFTs) made legal history in the past week. For the first time in a federal court, it was determined that sending an NFT can be considered serving legal notice. Judge Beth Bloom of the US District Court for the Southern District of Florida made this ruling. Why did the judge decide to use… Continue reading NFTs Break Legal Ground Meant To Serve Anonymous Hackers
What Are Bitcoin NFTs?
Bitcoin NFTs are non-fungible tokens that are powered by the Bitcoin blockchain. These NFTs have taken the entire crypto space by storm within a short time. Bitcoin nonfungible tokens have captured the crypto world’s attention quickly, opening some new opportunities for the oldest blockchain and digital art enthusiasts. Since exploding in 2020, NFTs have been… Continue reading What Are Bitcoin NFTs?
Jungle Gets $6M In Seed Funding To Introduce Web3 Games To The Market
Web3 game publishers Jungle secured $6 million in a funding round spearheaded by BITKRAFT Ventures and Framework Ventures. This seed round also sees participation from Delphi Digital, Monoceros, 32bit Ventures, Karatage, Fourth Revolution Capital, Snackclub, Norte Ventures, and Stateless Ventures. This marks Jungle’s entry to expand and innovate web3 gaming in various aspects. What Is… Continue reading Jungle Gets $6M In Seed Funding To Introduce Web3 Games To The Market
Is There Untapped Potential In Digital Art After The NFT Bubble Has Popped?
For a long time now, artists have mined the cyberspace for digital art inspiration as two current exhibitions show. Hito Steyerl proposes ways to avoid being captured by digital art technology booms and pops. NFTs went from a massive boom to some predictable bust. By the end of 2022, nearly 18 months after the explosion… Continue reading Is There Untapped Potential In Digital Art After The NFT Bubble Has Popped?