Tag: NFT

NFT Creators Investigated in Israel for Alleged Tax Evasion – Taxes Bitcoin News

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Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority is investigating two NFT creators in Jerusalem who did not report millions of U.S. dollars in revenue received from the sale of their digital works. The tokens they offered were based on a 3D scan…

NFT Sales Dip by 32% in the Last Week, Ordinals Squeeze Into Top 10 Collections via Emblem Vault – Markets and Prices Bitcoin News

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After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following February Spike in Digital Collectible Purchases During the past seven days, NFT sales totaled $186.20 million among 760,857 buyers. Although the number of buyers increased by 55.41% last week, sales volume decreased by 32.32%, and NFT transactions fell 91% compared to the…

Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion by 2025 – Bitcoin News

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As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion over the next two years. The researchers at Galaxy think that new use cases stemming from the inscription trend will “drive growing interest and adoption” for bitcoin. Galaxy Researchers Explore the Potential Use Cases of Bitcoin-Based Ordinal Inscriptions and NFTs At the time of writing, there are more than 288,000 Ordinal inscriptions hosted…

Dan Harmon’s NFT show set for season 3, NFT-friendly Square Enix CEO steps down and more…

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Krapopolis, the NFT-affiliated cartoon series from Rick and Morty co-creator Dan Harmon has been renewed for a third season by Fox, despite season one not even airing yet. The Krapopolis team announced the renewal via Twitter in March. 2, and emphasized that NFT holders can still engage with the show before it airs. HOLY KRAP! Citizens we just got BIG news that Krapopolis has been renewed for a *third season*. You don’t need to wait for the show to start, you can start participating now by voting, viewing exclusive content,…

Galaxy tips Bitcoin NFT market to hit $4.5B by 2025

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In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, have attracted a significant amount of attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images, PDFs video and audio onto individual satoshis, or sats that each represent 0.00000001 Bitcoin (BTC). NFT giants such as Yuga Labs have even jumped in on the hype. On Feb. 28, the $4 billion firm…

Blur Has Been Blowing OpenSea Out of The Water. What’s Next for the Pro NFT Marketplace?

“One of the reasons why I personally fell in love with NFTs was because they’re not commodities, they are digital collectibles,” he said, likening the experience of trading them to collecting and trading Pokémon cards. “When it comes to royalties, our position has always been ‘how can we maximize royalties in a scalable, durable way?’” Source BlowingBlurMarketplaceNFTOpenSeaProWaterWhats CryptoX Portal

Flare gets NFT platform to increase use cases for interoperability protocols

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Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went live on Jan. 10 after it launched two core protocols for decentralized interoperability applications. The blockchain network allows developers to create applications that are interoperable between various blockchain ecosystems and internet platforms. Less than one month later, on March 2, Flare welcomed the nonfungible token (NFT) platform Sparkles on its layer 1 oracle network. According to the announcement a primary goal of the Sparkles NFT platform is to hone in on the interoperability of native Flare protocols to increase use cases…

NFT Paris Attendees Wow at 3D-Printed Fashion Collection Inspired by Nouns

A proposal by Nouns revealed that Peleg was offered $140,000 in funding for the 3D-printed fashion collection. A web3 enthusiast and fashion designer Danit Peleg recently showcased her first 3D-printed fashion collection inspired by 3D NFT community Nouns. Since Nounces went live in 2023, the Ethereum project auctions a new non-fungible token each day. Also, proceeds from the digital collectible go to an open-source intellectual property. The fashion designer displayed her 3D-printed fashion collection at the NFT Paris Conference, which was held on the 24th and 25th of February. Popular names…