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YugaLabs’ recent acquisition of talent has set the NFT and blockchain communities abuzz, and rightly so. The new Vice President, Michael Ghory, boasts a resume that reads like a who’s who of the retail world. Former stints at athletic juggernauts Nike and Adidas, and the luxury brand Coach, only scratch […]
Pudgy Penguins, a name that rings familiar for many in the NFT space, has recently launched a brand extension: Igloo. Diving deeper into the world of mainstream fashion, Pudgy Penguins are not only tapping into the NFT universe but also branching out to cater to a wider clothing audience. The […]
TL;DR: while many PFP projects have lost steam, the NFT art scene is proving its resilience. The recent surge in high-value art sales, including “I Found You” by @cathsimard_, “Dreams of Dalol” Skulls of Luci” by @SamSpratt, “Solver” by @thisjackkaido, and “Tennis” by @artoflucaboni, underlines the importance of artists’ dedication […]
The SEC’s Stance on NFTs: A Deep Dive into the Impact Theory Case In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has moved to crack down on what it perceives as irregularities in the crypto space. The target? Impact Theory, LLC, an LA-based media and entertainment entity, […]
In the burgeoning landscape of blockchain and Web3, few have managed to harmonize technology and experiential moments as effectively as Tomorrowland. With a remarkable $2.2 million revenue from its NFT sales, Tomorrowland has not only demonstrated a tangible economic impact but also showcased the immense potential of NFTs to redefine […]
With the advancement of technology and the rise of blockchain, leading brands like Mercedes-Benz are carving out a niche for themselves in the Non-Fungible Token (NFT) market. Enter Mercedes-Benz NXT Icons, a revolutionary step in digitizing the brand’s historic design heritage. The Era of Luxury Awaits On September 5th, Mercedes-Benz […]
DappRadar is one of the leading defi application providers in the industry. With over 9,000 dapps across 30+ protocols, its hard to not run into DappRadar. In fact, they currently support an audience of over 1m users across teh globe. With that DappRadar has announced $RADAR: Our aim is to […]
SuperRare, a pioneer in the NFT space, has grown into one of the premier NFT art platforms, with $200M+ of art collected and $5M+ in artist and collector royalties paid to date. Embodying the true ethos of Web3 and shifting governance to the community, SuperRare introduced Spaces, storefronts voted in […]
The U.S. Internal Revenue Service (IRS) has recently issued its first formal notice outlining the taxation of non-fungible tokens (NFTs). The notice indicates that NFTs, which can represent both collectible and non-collectible assets, will be subject to a maximum long-term capital gains tax rate of 28% if they are considered […]