Nouns is a collection of NFTs whose owners are members of the Nouns DAO, a decentralized autonomous organization. Non-fungible tokens (NFTs) are cryptographically distinct crypto tokens that are frequently used to represent digital art. A profile photo (PFP) collection is a group of NFTs that are often used as a user’s profile image on social media platforms. Nouns are another innovative Ethereum experiment that aims … Continue reading What Exactly Are Nouns? Ethereum’s NFT DAO..
The authority changed the draft instructions for tax form 1040 in 2022 to include non-fungible tokens (NFTs) and stablecoins, replacing the term “virtual currency” with “digital assets.” The IRS defined digital assets as “any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology” in the recently released draft of the individual income tax return. Non-fungible tokens (NFTs) … Continue reading ALL CRYPTO TRANSACTIONS, INCLUDING NFTS AND STABLECOINS, WILL BE TAXED BY THE US
BNB Chain is launching the European Innovation Incubator, a three-week virtual program for innovative Web3 startups from across Europe to build and scale dApps, paving the way for a decentralized future. What is the European Innovation Incubator? Through esteemed partners and community experts, the European Innovation Incubator will provide long-term support to startups by providing leading Web3 resources and training. Hands-on sessions and mentorship on … Continue reading BNB Chain is launching the European Innovation Incubator
The U.k government has proposed new legal measures to regulate crypto ads and prohibit unauthorized crypto providers from offering services. Minister Andrew Griffith’s amendments to his own bill on Friday were welcomed by an industry that had called for existing proposals to go beyond stablecoins, which are payments-focused cryptoassets that seek to maintain value in relation to fiat currencies. According to an explanatory note tabled … Continue reading The United Kingdom seeks to recognize cryptocurrency as a regulated industry.
Magic Eden, a Solana non-fungible token (NFT) mainstay, is switching to an optional royalty model, according to a Friday night Twitter thread. The company also announced that it will waive its 2% platform fee, effective later Friday. The move follows a controversial trend set by other popular NFT marketplaces like X2Y2, which have opted to make royalty payments optional in a bid to attract more … Continue reading Magic Eden’s NFT Marketplace Switches to an Optional Royalty Model
Bitcoin becoming less volatile than stocks may appear to be a good thing. However, crypto traders warn that in a low-volume environment, this may not be a good thing. Bitcoin’s (BTC) 30-day realized volatility has dropped dramatically in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. According to Coin Metrics data, realized volatility has dropped to nearly 52% from … Continue reading Bitcoin becoming less volatile than stocks
According to the tweets of a large number of NFT traders, many of them are rushing away from Solana and toward Cardano, which is now a more active platform for flipping NFT items. The reason for such categorical statements appears to be a surge in Cardano NFT activity. According to OpenCNFT, NFT trading volume on Cardano has increased by 110% in the last 24 hours. … Continue reading NFT Traders Move to Cardano Instead of SOL
Ripple, an enterprise blockchain and crypto solutions company, launched the Ripple Creator Fund in September 2021, a $250 million initiative dedicated to providing creators with the financial, creative, and technical support needed to create nonfungible tokens (NFTs) and other tokenization projects on the XRP Ledger. On October 18, Ripple revealed the second group of creators who would be receiving money from Ripple’s Creator Fund for … Continue reading Ripple’s $250 million fund supports Web3 projects in the entertainment and media