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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.
NFT Regulation Outlook: We Can't Stop Regulation, SmartMedia Technologies Exec Says
Reeve Collins, SmartMedia Technologies co-founder, reacts to a Singapore court ruling that NFTs are properties. "We've known for a long time that NFT is a property ... it's nice to see a court acknowledge that," he says. Plus, his take on NFT regulation in the U.S.; Are NFTs securities?
O mercado NFT LooksRare muda para royalties opcionais
Ele se junta a uma lista crescente de plataformas que estão optando por abrir mão dos requisitos de royalties como padrão, incluindo X2Y2 e Magic Eden.
Reddit NFT Sales Surge on OpenSea, Challenge Bored Apes
Reddit users are pumping the platform’s Polygon-based non-fungible tokens (NFTs) with cumulative sales volumes of the avatar collectibles topping $6.5 million on Tuesday, just behind the reigning NFT collection Bored Ape Yacht Club. "The Hash" team discusses the latest in the world of digital collectibles and Reddit.
Apple Will Not Exempt NFTs From App Store’s 30% Fee
Apple has rejected calls to exempt non-fungible tokens (NFTs) from its 30% "Apple Tax" on in-app purchases. "The Hash" panel discusses the impact of the tech giant’s de facto ban on peer-to-peer NFT trading.
Annie Yi’s NFTs
Host Joel Flynn discusses championing NFTs for a social cause. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Singapore High Court Says NFTs Can Be Considered Property
The Singapore High Court has said that NFTs meet certain legal requirements to be considered property, such as being distinguishable from other similar assets and having an owner who can be recognized by third parties. "The Hash" team weighs in on the ruling.
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.