nft
Demystifying and analyzing the rise of non-fungible tokens (NFTs) in art, media, and pop culture.
Do You Have to Claim NFTs on Your Tax Return?
It seems that NFTs have become all the rage in the last couple of years, but the practice of investors using art to “hide” their assets to minimize tax liability is nothing new. However, don’t think that being an NFT creator or collector means you can avoid paying taxes on any profits you make. While the Internal Revenue Service has yet to define rules that are specific to NFTs, in 2014 they released Notice 2014-21, 2014-16 I.R.B. 938, which defines digital assets as property for federal tax purposes, and subject to the same rules as other types of assets.
Brandi IvyPublished 2 months ago in The Chain
Where Can you Buy an NFT?
These are just three of the reasons people are buying non-fungible tokens. And since 2021, adoption of this new technology has skyrocketed, with sales of $25 billion this year. After you've seen the headlines, explored the Discord servers, and fought on Twitter, you're ready to take the plunge. But you may have a few questions, most notably "Where do I buy an NFT?"
crypto gilbPublished 2 months ago in The Chain
Launch a Futuristic NFT Marketplace with Opensea Clone Script
Opensea Clone Script Opensea, the trending NFT marketplace in the crypto world, holds the most number of active users and that makes most of the NFT transactions in the world of NFTs. The continuous updated features and the development of several features with respect to the user's point is the major factor for the success of Opensea. And the success of the Opensea Clone Script has led many entrepreneurs to launch an NFT marketplace like opensea with the Opensea clone script. Opensea Clone script lets the developer customize and develop the NFT marketplace like Opensea with all the business requirements the patron needs. The Opensea Clone can be developed over various blockchain ecosystems as per the business model.
Lucas AndrewPublished 2 months ago in The Chain
What are NFTs and why are some so valuable?
As if cryptocurrencies weren't confusing enough, non-fungible tokens ( NFTs ) are another blockchain-native asset class that gets people spinning.
How to Design NFT, And Sell For More Money in 2022
Non-Fungible Tokens (NFTs) have a variety of uses and are one of the most popular ways to earn money online today. In this definitive NFT guide, you will learn how to make money with NFT. This guide will learn everything you need to know about NFTs and how to buy, create, and sell NFTs.
lupu alexandraPublished 2 months ago in The Chain
BB
Double B, or BB as they now go by, had been created by an early Bitcoin whale known for their high dollar purchases and extravagant custom builds in order to facilitate his long and healthy lifestyle. However, all of that changed as the AlphaBots grew beyond their binary controls and were launched into their own existence as the Protos trapped their inferior creators in the metaverse.
Jake LeaskPublished 2 months ago in The Chain
Rickey
My name is Rickey, and I am purpose built to captivate an audience, attract attention, and expand your mind... In the beginning I was in service to the USMC, the Ultra Song & Movie Company. It was a glamorous theater that worked predominantly with the ultra-wealthy. The shows always tanked yet the theater’s wallets were loaded. To keep the coffers overflowing they would have their entertainers disguise themselves as underground race teams and do refined codexium gas runs for the nefarious network of keepers.
Jake LeaskPublished 2 months ago in The Chain
Shackles
Splinter, an Intelligence Analyst, had been conducting routine inspections of a metaversal platform known as CDCNFT which they accessed through a Decentel uplink. While doing routine blockchain inspections and looking for the Protos they noticed that Loaded Lions were being purchased and traded by a team of nefarious lion traffickers to launder their dirty money. Splinter waited until the end of the workday, and upon his departure from Decentel immediately sent the signal for AB6, the AlphaBots Special Operations team, to assemble followed by a quick encrypted message to the team's leader, ShortCircut.
Jake LeaskPublished 2 months ago in The Chain
What Is A NFT
Anytime I start talking about cryptocurrency, which most people just refer to as Crypto, I inevitably end up getting asked, what is a NFT? First off it stands for something that doesen’t make sense anyways, but since I would not be giving you a good definition without telling you what the acronym stands for, we will start off with it’s a non-fungible token. Which is saying that it’s one of a kind, don’t worry about the fancy words, it’s a uniquely identifiable pass that is protected by the blockchain which is currently the world’s cutting edge online security protocol.
Jake LeaskPublished 2 months ago in The Chain
How are NFTs used in music?
First of all, rapper Booba recently managed to sell 25,000 copies of the “TN” clip in the form of Non-Fungible Token (NFT). Yes, we can say it, the entire cultural sector has been turned upside down with the appearance of NFTs and it is not going to stop. In fact, NFTs are being used more and more around the world, as big names in the industry such as Eminem or The Weeknd are turning to this novelty. If you are new to NFTs, you are probably wondering what they are for. Will this new revolution have an impact on the art world? How to exploit it in music?
Trending NFT Marketplace App Development - everyone should know about it
Non Fungible tokens had prominent role-playing to showcase their own creativity in reality throughout the world. In terms of NFT, digital data are stored in a blockchain network in a form of a distributed ledger. Typically every NFT has a unique smart contract based on the users associated with Digital files like images, videos, and audio. These NFTs have given truly potential ownership rights to the user so you can’t do any copyright infringement because it is stored publicly visible only hash values.
RachelcarlsonPublished 2 months ago in The Chain
Top 5 NFT Projects To Look Out For in 2022
Non-fungible tokens are the new big thing in the crypto space. Investors are excited about NFTs because they get to purchase something that is rare and call it their own. At the same time, they can make big profits out of the popular NFT projects that are high in demand.
