NFTS Financial News

Anthony Hopkins, a Welsh actor, director, and producer, has seen his first NFT collection sold out in less than 10 minutes despite the overall soar market conditions and dwindling user interest in digital collectibles. 

Japanese video game giant Konami has announced plans to launch a marketplace for trading in-game NFTs, as well as a "wide range" of other Web3-related products and services. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

In India, where cryptocurrency is still at an evolving stage, crypto tax calculation is not something that comes easy.

Non-fungible tokens (NFTs) are the biggest on-ramp to the cryptocurrency market among countries in Central & South Asia and Oceania (CSOA) according to a new report. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

With COVID-19 having accelerated the adoption of technology across frontiers, technology professionals are in demand more than before, especially in newer areas like cryptocurrency, NFTs (non-fungible tokens), and blockchain.

metaverse on January 11. Punjabi pop singer Daler Mehndi performed live in the metaverse, making it the world’s largest concert by drawing 20 million spectators globally. That is the power of Metaverse, a universal virtual world consisting of 3D virtual spaces based on social connection. The technology interests millennials and generation Z, who are bored with static internet pages and social media platforms. Having experienced AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality), they are more excited about the 3D virtual world that provides real interactions and interesting visuals. Metaverse transports them to an entirely live and interconnected world. Recently, Facebook rebranded itself as Meta and brought the technology to the mainstream by hiring 10,000 people. By creating a metaverse infrastructure, the company intends to transform itself into something futuristic.

Starbucks, the world's largest coffeehouse chain, is diving into the Web 3 and non-fungible tokens (NFTs) space with plans to launch a blockchain-facilitated loyalty program called Starbucks Odyssey. 

Loot boxes have become controversial in several countries, such as the UK. In August, there was pressure upon the UK government to ban loot boxes over concerns that they were akin to gambling and had detrimental effects on financial and mental health. However, the government has said it does not consider loot boxes the same as gambling.

GameStop is not easing its push into the Web 3.0 space even after underwhelming non-fungible token (NFT) adoption figures. The video game and consumer electronics retailer has announced a partnership with cryptocurrency exchange FTX.US, the U.S. subsidiary of FTX. 

Japan’s cabinet has handed out non-fungible token (NFT) awards – in a new first for the nation’s government.

NFTs worth $100 million stolen, says Elliptic

NFTs) owners have zero intellectual property ownership of their content, and only one NFT collection in the top 25 platforms by market capitalisation has attempted to confer intellectual property rights to the purchasers of digital arts, says a report. Most NFT operators «appear to have misled NFT purchasers» about the extent of their rights.

Major cryptocurrencies traded in the green early on August 17 as the global crypto market cap declined 0.74 percent to $1.14 trillion over a day earlier. On the other hand, the total crypto market volume over the last 24 hours dropped 17.83 percent to $64.83 billion.

NFT is the world’s newest and most rapidly evolving asset class. This new asset class started on the cutting edge of blockchain technology as a way to tokenize and trade art and collectibles. In the past couple of years, however, NFTs have made their way into finance, entertainment, healthcare, global supply chain and insurance sectors, showing transformative potential. Today, the market for NFTs is valued at over $40 billion, and people across the globe are willing to pay millions to acquire these digital collectibles. The popular NFTs can be classified into six categories collectibles, art, metaverse, sports, gaming and utility. Historic & expected returns80% of NFT purchases may not yield positive returns, but decent returns are generally achieved in 10% of the collected projects, provided they are picked correctly and traded at the right price. Since NFTs came into existence only in 2017, there are not enough variables and data sets that can help us predict the future price movement, as is the case for publicly traded securities. Further, most of these NFT projects are at the intersection of art and collectibles. As such investing and buying these NFTs are more of an art, hobby than science.

Major cryptocurrencies traded in the green early on July 17 as the global crypto market-cap rose by 3.25 percent to $962.55 billion over the last day. On the other hand, the total crypto market volume dropped 1.05 percent to $62.10 billion over the last 24 hours.

Major cryptocurrencies traded in the green early on July 16. The global crypto market-cap rose by 0.71 percent to $929.85 billion over the last day. The total crypto market volume dropped 9.88 percent to $64.00 billion over the last 24 hours.

Andrew Left, one of the world’s best-known short sellers, has criticised digital assets such as non-fungible tokens (NFTs), calling them solutions in search of problems and said the idea of decentralisation, which is the bedrock of the crypto ecosystem, was the “stupidest thing ever.”

Cryptoverse: The bonfire of the NFTs