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NFTs
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.
IRS Includes NFTs in US Tax Language
The U.S. Internal Revenue Service (IRS) released an updated draft for its 2022 instructions for form 1040 filers that swaps the old category for "virtual currency" with broader new language on "digital assets," including an explicit recognition of NFTs. "The Hash" panel discusses the potential repercussions.
Co:Create CEO: Tokens Within a Brand's Ecosystem Are Powerful
"Tokens ... create an incredible opportunity for you to reward your most loyal members and create tiers of memberships," Co:Create CEO Tara Fung says on "First Mover" live from CoinDesk I.D.E.A.S. That's why the combination of NFTs and tokens in a given brands' ecosystem is "powerful," she adds.
Here's How FANtium Aims to Democratize Athlete Financing
"One of your success factors as a young talent becomes suddenly your access to money," says Jonathan Ludwig, CEO of NFT-based athlete investment platform FANtium. He discusses how the firm aims to solve that problem via NFTs.
OccSaviors et la lutte pour des normes honnêtes en matière de risques pour la santé au travail
Le fondateur et hygiéniste industriel Jeffrey Miller explique comment le projet décentralisé LOOKS à donner aux travailleurs le carburant dont ils ont besoin pour suivre leurs niveaux d'exposition en utilisant des NFT.
