In a recent move that has sent huge shockwaves in the entire NFT community, OpenSea confirmed its decision to stop collecting royalty fees on behalf of NFT creators. This decision made Yuga Labs, the creator of CryptoPunks and Bored Ape Yacht Club NFT collections block the ability to trade in newer NFTs on OpenSea by… Continue reading OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
Tag: NFT markets
IRS Explains What NFT Taxation Entails
With the surging popularity of NFTs, it was just a matter of time before regulatory bodies and governments would take notice and swoop in with NFT taxation policies. The Internal Revenue Service (IRS) in the United States recently issued clear guidelines on how NFTs should be taxed. The regulator insisted that it recognizes their significance… Continue reading IRS Explains What NFT Taxation Entails
Automakers Rush To Mint NFTs, Is There A Strong Use Case?
Nonfungible tokens (NFTs) seem to be taking over the crypto space as it happened in 2021. Would you be comfortable buying a car that you cannot drive? The latest NFT trend seems to be kicking in. However, some investors are divided on whether the hype will stick around in the long term. Just before the… Continue reading Automakers Rush To Mint NFTs, Is There A Strong Use Case?
Animoca Brands Raises $5 Million For Quidd NFT Marketplace
Quidd is a marketplace that offers digital collectibles for investors interested to participate in the nonfungible token (NFT) space. The platform is a subsidiary of Animoca Brands. The latest reports indicate that Quidd has raised to $5 million in private pre-sales and an initial DEX offering (IDO). The big funding from a private sale, pre-sale,… Continue reading Animoca Brands Raises $5 Million For Quidd NFT Marketplace