With all the buzz and discussion around NFTs one area might have been lacking on the conversation side. TAXES. Protos.com published an article that at least in the U.S. the I.R.S. is gearing up to collect potentially billions. From the article: As reported by Bloomberg, tax experts in the US suggest profits from sales on platforms like OpenSea or Rarible are taxed as ordinary income (up … [Read more...]
A look back at 2021 and the 3 acronyms,along with Meta and Swetha that dominated the year
I want to wish everyone a happy and healthy 2022. Looking back at 2021 there were a few 3 letter combinations, the Metaverse and Swetha that dominated the news in 2021. NFT Non fungible tokens, made a huge impact in 2021, some prominent domain investors swifted some or all of their attention to the NFT market. People like Shane Cultra, Jonathan Tenenbaum, Alan Dunn, the Booth brothers really … [Read more...]
Charity focused NFT project PUL3E goes live to fight heart disease
There are so many NFT projects these days, I have been following the recent news on Paradise Trippies which to my novice NFT eyes looks like a cool project. I get emails all the time about different projects. One that caught my eye was for PUL3E. It's a women-led NFT project that has a focus on charity. From the site: PUL3E is a women-led, charity focused NFT project which was founded by … [Read more...]
Another NFT handreg rings the register – WhatisaNFT.com
It looks like WhatisAnft.com sold for $5,000 as BestNames.org reported it to Namebio. The domain name was registered roughly six months ago. Good price for a recent handreg. August saw 11 NFT related keyword sales, with NFTBay.com at $30,000 being the high sale. WhatisaNFT.com is redirecting to the LinkedIN page of Paul Rubillo. Congrats to BestNames.org … [Read more...]
Report: Budweiser purchased Beer.eth for approximately $95,000
Coindesk reported that Budweiser purchased Beer.eth Budweiser Buys Beer.eth Domain Name for 30 ETH Alongside NFT. Budweiser has changed its Twitter profile picture to that of a rocket ship designed by NFT artist Tom Sachs. Users say the beer company has also purchased the Beer.eth domain name for 30 ether (ETH, -4.84%), or roughly US$95,000. CoinDesk attempted to contact Budweiser but … [Read more...]
So, why did Andrew Miller spend $48,000 on a Bored Ape NFT?
Decrypt.co did a story on Andrew Miller of ATM Holdings and his move into NFT's. "Why Domain Name Investors Are Buying Up NFTs?" In the article Miller states that he started investing in NFTs in 2021, and acquired his first Bored Ape in August. From the article: I believe we are not even in 1998 yet with NFTs. It's not even the first inning, it's 1995 in the domain world. And NFTs are … [Read more...]
BI “NFT prices are worth less than half what they were in April, as the market has cooled”
Sophie Kiderlin published an article today at BusinessInsider.com that delves into the red hot NFT space. Sophie writes that,volumes in dollar terms have since fallen to below $28 million on average in the past week from around $78.62 million a month ago, according to data from nonfungible.com. The article mentions Mark Cuban of Shark Tank and NBA owner fame. A piece of NFT art shown in … [Read more...]
