UK Falls Behind in Web3 Adoption as Government Cancels Royal Mint’s NFT Project
The UK Treasury cancels government-backed NFT project due to uncertainty in the cryptocurrency market, jeopardizing the country’s plans for web3 adoption.
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NFTs and Taxes: The IRS Opens Public Comment on Proposed Collectibles Rules
The IRS is considering taxing NFTs like collectibles, causing concern among holders who fear significant taxation in retirement accounts. The public comment process is ongoing, and NFT holders should stay informed about any changes to tax laws.
K-Pop Industry Embraces Web3 Technology with G-Dragon’s NFT Collection Release
K-pop star G-Dragon’s first NFT collection, Archive of PEACEMINUSONE, offers 13,444 unique NFTs of his original paintings with benefits for owners, including exclusive merchandise, early concert access, and album access. This marks his return to music after 2017 and is expected to set a trend among K-pop stars, inspiring new ways to engage with fans.
NFT Marketplace Nuqtah Secures Investment from Polygon and Animoca Brands, Fueling MENA’s Web3 Expansion
Saudi Arabia’s first NFT marketplace, Nuqtah, receives investment from Polygon and Animoca Brands, driving the expansion of web3 technology in the Middle East and North Africa (MENA) region
Square Enix Levels Up with 10,000 NFTs in Upcoming Game Symbiogenesis
Square Enix will release Symbiogenesis, a game with 10,000 unique NFTs that players can collect and use to access exclusive content and art, marking a significant step forward for the adoption of NFTs in the gaming industry.
A bored ape NFT Cost Justin Bieber $1.3 Million. With the floor price at 84% below the April high, Bored Ape Yacht Club NFTs are losing value this month.
According to information from NFT Price Floor, the floor price for the Bored Ape Yacht Club as of this writing is around 58.2 ETH, or roughly $69,800. This is the cost of the lowest NFT that is currently offered on a marketplace. The floor price fell under $60,000 for the second time this month on Monday, but it gradually increased all day on Tuesday.
Steph Curry has filed a trademark for the ‘Curryverse,’ which allows fans to earn free NFTs.
Curry, the NBA’s Golden State Warriors’ point guard, has authorized his legal counsel to submit a trademark application that includes a variety of digital goods and services to be supplied through the metaverse, according to Attorney Josh Gerben of Gerben Intellectual Property.
Users will be able to buy and sell NFTs via Twitter.
Twitter will allow users to display NFT marketplace listings from specific platforms, as well as a button to buy and sell collectibles.
Apple prohibits the use of NFTs to unlock content and features in apps.
Apple also reiterates its long-standing policy of not allowing links to alternative payment methods.
LG Electronics releases the NFT platform, which enables users to purchase and sell digital artwork.
Today, LG Electronics announced the launch of LG Art Lab, a non-fungible token (NFT) platform that enables users to find, acquire, and exchange NFTs on LG smart TVs.