The influx of meme coins has introduced a new wave of volatility in the crypto world, with Ethereum transaction fees spiking as a result. Nevertheless, this same phenomenon is also providing fresh capital for non-fungible tokens.
Ticketmaster, a well-known ticketing platform, is experimenting with Ethereum-compatible NFT passes that will be initially offered by the heavy metal band Avenged Sevenfold to reward their fans.
The UK Treasury cancels government-backed NFT project due to uncertainty in the cryptocurrency market, jeopardizing the country’s plans for web3 adoption.
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 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.
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 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.
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.
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.
Twitter will allow users to display NFT marketplace listings from specific platforms, as well as a button to buy and sell collectibles.
