The conversation around NFTs has shifted from speculation to utility. Now, major players have opted to use NFTs to power loyalty, membership and ticketing services, signaling positive signs for mass adoption.
The company announced its plans to launch the project last week, a move that should not be understated. Yuga Labs is a juggernaut in the NFT space – it developed three of the current top 10 most valuable NFT collections and owns the intellectual property for more – and so far has not created any NFTs on any other blockchains other than Ethereum, where the majority of digital collectibles currently exist – meaning that one of the largest companies in crypto is betting big on Bitcoin.
Legal analysts say Rothschild’s case was dealt a devastating blow when, on the opening day of the trial, US District Judge Jed S. Rakoff ruled that a key expert witness supporting Rothschild, a well-known New York art critic named Blake Gopnik, could not testify before the jury.
As the demand for NFTs among consumers continues to grow, resources are being put in place to facilitate their sales. Case in point, popular e-Commerce platform, Shopify, expanded its NFT capabilities to allow merchants using the platform to design, mint, and sell Avalanche based NFTs.
A newly published patent suggests that the gaming giant Sony PlayStation may use non-fungible tokens (NFTs) as in-game assets, reigniting interest in the nascent technology. Microsoft’s Xbox, meanwhile, seems to be looking in the opposite direction.Sony’s patent is titled “US20220358450 - Tracking Unique In-Game Digital Assets Using Tokens On a Distributed Ledger”. Notably, its original application date was actually May 7, 2021. However, the publication date is November 10 this year.
It’s time to move on from Bored Ape Yacht Club. It’s bad for nonfungible tokens (NFTs). It gives critics ammo and distracts from the technology, which is where the real value lies.For those on the outside looking in, NFTs are nothing more than overpriced monkey JPEGs — or whichever choice of animated animal profile picture is in the firing line.NFTs, of course, are much more than that.
Among all blockchain projects, NFTs have been remarkable in their perpetual growth and adoption. This burgeoning niche has proven the blockchain industry to be a promising quasi-capital sector, hence the need for its financial niche to be taxed and in return an NFT tax guide to for creators and investors.This tax has also been extended to NFTs even when governments are still contemplating regulating the crypto industry.
LGU+, one of South Korea’s biggest telecoms firms, will issue a new batch of non-fungible tokens (NFTs) next month – as it looks to move further into the crypto and blockchain sectors.
NFTiffs, a collection of 250 CryptoPunks-themed NFTs by American luxury jewelry retailer Tiffany, has seen a plunge in its sales volume as the buyers haven't rushed to the secondary market yet.
Over a decade since his passing, Michael Jackson’s popularity has endured, with posthumous albums, Broadway shows, and continued cultural relevance. After dominating the material world, it seems the king of pop will be making his entry into the metaverse soon.