NFTs Are Now Being Used For Issuing Court Summons

NFTs are being used to serve digital summons as part of the court system’s adoption of blockchain technology. First NFT Court Summon In Italy A former employee and a contractor have received court summons from RBB Lab, a technological development…

Polygon Surges 10% After Instagram Integration Announcement

Instagram users will now be able to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media thanks to a new end-to-end toolbox from Meta. With a gain of over 10% to $0.95 as a result of…

IRS 2022 Tax Guidelines to Treat NFTs as Cryptocurrencies and Stablecoins

The U.S. Internal Revenue Service (IRS) has provided NFT investors with greater clarity regarding how the assets are expected to be taxed.  Same Tax Law For All Digital Assets According to the IRS’s tax year 2022 guide, all “digital assets,”…

Music Artists to Receive Crypto Payments from Legacy Records

Cryptocurrency industry has experienced a rapid growth with the COVID-19 pandemic as many of the products started going digital. Meanwhile, cryptocurrency was embraced by major institutions and industries as a payment mechanism replacing fiat currency. With the latest initiative of…

Vitalik Buterin: NFTs Can Do Much More than Benefit Rich Celebrities

Ethereum co-maker Vitalik Buterin trusts NFTs can be applied to socially pertinent causes like foundations and financing public products, yet the innovation is as yet seen as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper…

All About NFT token- What are NFT , How does NFT token work, How to Trade NFT and Where to buy NFT?

Non-fungible tokens (NFTs) are a special type of token that represents a unique asset. These crypto assets are indivisible and unique, making them non interchangeable while these also creates digital scarcity. NFTs initially launched on Ethereum, using the ERC-721 token standard,…

What is so special about NFTs, selling for Millions?

CryptoPunks has generated $45.2 Million in sales volume in the last week of February alone NBA Top Shot attracted $147.8 Mllion in sales in the last few days Popular musician Grimes has sold a collection of NFTs for nearly $6…