The guidance is the first of its kind from the Joint Chiefs of Global Tax Enforcement, also known as the J5. Founded in 2018, the J5 is made up of representatives of tax agencies from Australia, Canada, the Netherlands, the United Kingdom and the U.S., and is tasked with sharing information and coordinating operations to fight international tax crime. Source
ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the digital ownership of a watch. ORIGYN is the largest project on the Internet Computer Protocol, or ICP, developed by The DFINITY Foundation blockchain. Individuals who purchase a collector quality timepiece via WatchBox can expect ORIGYN to certify the authenticated object thanks to its biometric technology. Each watch is given a unique…
Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the NFT sneakers earn as they walk. STEPN has programmed a few factors that determine just how much a person can make with its sneakers and the Green Satoshi Token (GST) is STEPN’s in-game token that currently trades for $7.30. Over the last 30-days the token…
Although NFTs have been a part of the cryptocurrency market since 2014, interest and adoption ha risen rapidly over the last two years. At their height in August 2021, the total trading volume of NFTs rose to over $5 billion, kickstarting what briefly came be to known as “NFT Summer”. According to a report by Coingecko, the NFT market is now expected to move more than $800 billion in the coming two years. The report, which mostly utilized investors from Asia and the Pacific, highlighted that of 871 respondents, around 72%…
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via the official “Aid for Ukraine” crypto fund, individuals can donate cryptocurrency, fiat and now NFTs. So far the initiative has raised over $60 million, according to the website. All funds go toward supplying Ukrainians with weapons, medical gear, medical kits and other expenses outlined on the Aid for Ukraine website. Total expenses amounted to $45,103,538 by…
Over the weekend, Climate Replay, which comprises developers from the Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies into gaming. “Games give us hope in a world that is increasingly uncertain. They help us unlock our creative potential and free us of real-world constraints — physical, financial or otherwise,” the team at Climate Replay said. However, they cautioned about the current state of digital assets intertwining with gaming: “Most NFTs, and by consequence, most…
The low usage stats can likely be attributed to the fact that Coinbase has only granted a small portion of its three-million person waitlist access to the platform. In an emailed statement to CoinDesk, Coinbase said it would not be able to confirm any user data on its NFT marketplace since the product is in beta. Source
Turning subscriptions into a bearer asset is better for everyone, says our media columnist. This article is part of CoinDesk’s Payments Week. Source
press release PRESS RELEASE. PLANET EARTH (April 27, 2022) – Gala Games has teamed up with Endless AI to introduce Fuzzle– a first-of-its-kind “living” NFT collectable, simultaneously pushing the boundaries of conversational AI and blockchain gaming through a groundbreaking interactive entertainment experience with loads of utility. Fuzzles have come to explore Earth and learn all about its human inhabitants. Fuzzles’ superior artificial intelligence is accompanied, however, by a total naivety of Earth and its culture. Fuzzles say what’s on their mind, and will often inspire “What the fuzz!?” reactions. “Our…
Okay Bears, a Solana-powered NFT, managed to top OpenSea’s 24-hour sales tracker for the first time earlier today, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana (SOL) NFT project has reached the top spot in popular NFT marketplace OpenSea’s 24-hour sales tracker. .@okaybears No.1 on the OpenSea 24h rankings A @solana project has topped OpenSea’s market-wide 24h sales tracker for the first time! Check out the latest featured Solana collections on our dedicated SOL page: https://t.co/gteXeNRocn pic.twitter.com/1duEDQyxyn — OpenSea (@opensea) April 27, 2022…