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
Tag: nonfungible tokens
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?
Starbucks Introduces Odyssey NFT Collection As Fear Dominates Crypto Market
Starbucks is the latest institutional investor to dive into the digital assets space. The company introduced its first set of limited edition nonfungible tokens (NFTs) on March 10, 2023. Every NFT in “The Starbucks Siren Collection” was originally priced at $100. The collection generated a secondary market volume of $117,546 via 308 sales. The NFT… Continue reading Starbucks Introduces Odyssey NFT Collection As Fear Dominates Crypto Market
9gag Wants To Trademark The Word PFP
According to the latest reports, the popular social media platform 9GAG has secured patents for different digital tokens and non-fungible tokens (NFTs). These patents cover a variety of goods and services that are related to social media, fandom, digital arts, virtual environments, NFTs, crypto collectibles, application tokens, and digital currencies. Let us take an in-depth… Continue reading 9gag Wants To Trademark The Word PFP
Manga And Animoca Brands Partner To Dominate MENA Web3 Sector
Animoca Brands has made headlines once more this month due to its partnership with Manga Productions, a major Middle East-based comics, and gaming producer. Together, the partners aim to innovate Web3 experiences in the (Middle East and Northern Africa) region. From supporting the local talents to a new game publishing platform, their agenda may push… Continue reading Manga And Animoca Brands Partner To Dominate MENA Web3 Sector
NFTs Are The New Status Symbol – Metajuice NFT Data
MetaJuice is a blockchain-oriented subsidiary of Together Labs. It shared some valuable NFT data collected from a survey of more than 6,000 sellers and buyers of nonfungible tokens (NFTs) in IMVU, the world’s biggest Web3 social metaverse. The collected data from the users provides a distinct look into the buying trends of NFTs among IMVU’s… Continue reading NFTs Are The New Status Symbol – Metajuice NFT Data