Tag: NFT

Kenya Proposes Tax Measures on Cryptocurrency Transactions and NFT Transfers

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The Kenyan government’s proposal to tax cryptocurrency transactions, NFT transfers, and online advertising has sparked mixed reactions from the public. The move aims to generate revenue for the government’s budget and ensure that cryptocurrency traders contribute to the country’s tax revenue. However, some industry players have expressed concern about the proposed tax measures. According to reports, the government plans to impose a 3% tax on profits made from cryptocurrency trading. This move attempts to regulate the sector and ensure that cryptocurrency traders contribute to the country’s tax revenue. The lawmakers…

NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47 ETH, or about $93,500, to about 50 ETH, or $99,400. As for its Mutant Ape Yacht Club, the floor price increased from about 10.5 ETH, or $20,900, to 11 ETH or $21,900. Source

Solana Foundation Launches NFT Showdown Contest

Evaluation of participating projects will be based on their business acumen, creativity, focus on users, employing Solana tech, and real-world use of the product. Winners will get a chance to work with industry experts who will provide guidance to make their projects real. The Solana Foundation has launched an initiative that focuses on non-fungible tokens (NFTs) and aims to “strengthen the quality” of new NFT projects. Called “NFT Showdown”, Solana’s idea is basically a competition that invites artists to come up with innovative business plans and create collections with “real-world…

Kenya considers tax on crypto, NFT transfers and online influencers

Kenya’s lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible token (NFT) transfers and a 15% tax on monetized online content, according to a newly introduced bill. Introduced to the Kenyan parliament on May 4, The Finance Bill, 2023 would enact a digital asset tax on “income derived from the transfer or exchange of digital assets” which also included specific language for NFTs. The bill will undergo five rounds of readings, committees and reports by the National Assembly, if passed, it will then be passed to…

Judge Upholds Freeze on SpartacusDAO’s $35M in Lawsuit Served Via Discord, NFT

Judge Victor Marrero upheld his previously signed restraining order against Wei Wu, allegedly the man behind Spartacus, in a hearing in the Southern District of New York on Thursday. Marrero said the order will remain in place until Wu, who has been a no-show, starts to work with the court, said Diogenes Casares, CEO of the investment company suing Wu. Original Source 35MDiscordFreezeJudgeLawsuitNFTServedSpartacusDAOsUpholds CryptoX Portal

Palm NFT Studio Launches Palm Generative Art Maker

The tool provides the infrastructure for artists to carefully craft their code, store it on-chain and produce a body of generative artwork. While the process has previously been challenging for creators without knowledge of coding, the tool simplifies bulk rendering, trait and rarity systems, and the generation of assets. In addition, the tool allows users to develop motion and static 3D assets, as well generate the text and metadata. Source

Alchemy Ventures Backs $4M Seed Round for NFT Platform Vibe

“Real value for NFTs will come from the dynamism and programmability where creators can add unique features to their collections. Until now, they haven’t had a comprehensive tool to curate and customize their collections,” said Vibe founder and CEO Rachel Chu in a statement. “Our goal is to simplify the entire process, and we are confident in our mission of taking NFTs from pictures to products.” Source

Josie Bellini, NFT Creator – Cointelegraph Magazine

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Who is Josie Bellini?  Crypto artist Josie Bellini is most famously identified by her iconic Bitcoin gas mask from Filter. She has become one of the most prominent NFT artists, being featured at Christie’s and on just about every NFT marketplace platform available, including SuperRare, ASync Art and Nifty Gateway.  Born and raised in Chicago, Bellini always had a passion for art. But growing up in poverty, she wanted to live a life of plenty, leading her to major in finance at college and take a job at a TradFi…

Sports Illustrated launches Polygon-based NFT ticketing platform

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On May 2, Sports Illustrated’s ticketing subsidiary SI Tickets launched the “Box Office” platform, a self-service event management and primary ticketing solution powered by the Polygon blockchain. Built in conjunction with Web3 software developer ConsenSys, Box Office enables “owners, organizers and hosts the ability to create, manage and promote a fully scalable, paid or free ticketed live sporting event.”  As part of the new platform, SI Tickets and ConsenSys are partnering to develop a “Super Ticket” that allows hosts to remain connected to their attendees through highlights, collectibles, exclusive offers…

Blur NFT lending surpasses $16M in loans, led by Matchi Big Brother

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According to data sourced from user @beetle from Dune Dashboard, nonfungible tokens (NFT) marketplace Blur has facilitated 8,820 Ether (ETH), or roughly $16.37 million, in loans through its perpetual NFT lending protocol Blend one day after launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for loans, which was developed in conjunction with venture capital firm Paradigm. Together, the Azuki, Wrapped CryptoPunks, and Milady NFT collections represent the largest collateral, with over 8,000 ETH worth in market value pledged. The top Blur lender, who has…