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NFT

IRS Seeks Public Opinion on Taxing NFTs

NFTs might soon be taxed as collectibles under the U.S. tax code if the United States Internal Revenue Service (IRS) decides to proceed with its planned route. However, before anything is finalized, the IRS is seeking public opinion on…

Yu Suzuki to Launch Virtua Fighter NFTs

Yu Suzuki, the brains behind popular Sega title Virtua Fighter, is set to launch the game’s characters as NFTs, much to the delight of its fans. In a recent announcement, Sukuzi notes he will be teaming up with OASYX, an NFT protocol, to…

$17 Million CryptoPunks NFT Dump

It has been a turbulent few days for the darlings of the NFT world, CryptoPunks. The initial forecast was rosy as the quintessential blue-chip NFTs saw an incredible rise in floor price and market cap. Shortly afterwards however, NFT…

Nike and RTFKT Debut IRL Air Force 1 Sneakers

Many major brands have tapped into NFTs to increase customer engagement, and Nike has been at the forefront of this amazing paradigm shift. Now, in what is a prime example of utilizing non-fungible tokens to create exclusivity and reward…

CryptoPunks Surpasses BAYC in Market Cap

The battle for supremacy within the NFT realm just got real. CryptoPunks has surpassed Bored Ape Yacht Club (BAYC) in market cap after the collection value rose by 13% in the past week. On the other hand, BAYC lost 8% of its value within…