The United States Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year.
The post US tax watchdog classifies NFT as digital assets for tax purposes appeared first on CryptoSlate.
The first NFT art collection by Academy Award-winning actor Anthony Hopkins, named “The Eternal Collection,” sold out on NFT marketplace
As sanctions between Russia and the EU tighten, Dapper Labs has restricted the accounts of Russian users.
Collectors who purchased NFTs from Vault by CNN want refunds after the news outlet announced it was winding down the project.
The post CNN offers holders partial refunds as it suddenly shutters NFT Vault appeared first on The Block.
The Merge changed Ethereum’s consensus mechanism from Proof-of-Work to Proof-of-Stake.
The post What does The Merge mean for NFTs? appeared first on CryptoSlate.
“Play-to-Earn” is a popular concept in the gaming industry that allows players to earn rewards for their time and effort.
The liquidator overseeing bankruptcy proceedings has possession of the collection. The majority of the assets were moved to the newJapan’s Prime Minister Fumio Kishida announced plans to expand investments into the metaverse and NFTs during a public policy speech delivered before Japan’s National Diet on October 3.
The post Japan to invest in metaverse, NFTs to drive implementation of Web3 services appeared first on CryptoSlate.
Hugo Boss announced partnering with the web3 company Imaginary Ones to launch its own NFT line, which will offer a new 360-degree experience of the Metaverse.
The post Hugo Boss announces the ‘360-degree metaverse experience’ with new NFT line appeared first on CryptoSlate.