Showing news for Nft
Unlocking the Value in NFTs
2 years ago
At the recent Bloomberg Crypto Summit in NYC, a panel led by Managing Editor Stacy-Marie looked at innovative ways to harness NFTs.
What to Know About NFTs and the ‘Bored Ape’ Boom and Bust Cycle
2 years ago
Since NFTs, or nonfungible tokens, screamed into public consciousness in 2020 with million-dollar sales of digital artifacts, the debate surrounding them has gone more or less like this: NFTs are the future of art and commerce! No, NFTs are a worthless scam! No, NFTs have a useful if limited future doing something that’s not quite clear yet! In the world of digital currencies, those are familiar arguments. So is the boom and bust cycle NFTs have been through, with big bucks made and lost along t
After Corvette Failure, Automakers Tread Carefully Into NFTs
2 years ago
Mercedes hit all the right notes jumping into the crypto pool. At Bentley and Lotus, the waters are largely untested. And what’s up with Porsche?
Do Celebrities Have a Responsibility to Fans When Backing an NFT?
2 years ago
Pop Icons like Justin Bieber and Madonna have bought and promoted NFTs. They’re not obliged to disclose the financial terms of their endorsements.
Cathie Wood Says Fed Won’t Hike as Much as Market Priced In
3 years ago
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Hong Kong’s Ex-Finance Chief Tsang Joins StashAway, Gifts NFTs
3 years ago
Hong Kong’s former financial secretary, John Tsang, has joined digital wealth firm StashAway as an adviser and will be giving away part of his soon-to-be issued non-fungible tokens to attract new clients.
Pudgy Penguins, the Hot-and-Then-Not NFTs, Attempt a Comeback
3 years ago
(Bloomberg) -- Pudgy Penguins, a once hugely successful NFT project that got blown off course by drama that included the ousting of its founders, is attempting a comeback. Hopes are high in the newly energized community -- but in today’s crowded, up-and-down market for nonfungible tokens, it will take more than that to ensure a revival.
Filmer of Ethiopia Famine Is Face of NFT to Archive African Past
3 years ago
Kenyan photojournalist Mohamed Amin is best known for capturing the world’s attention with images of Ethiopia’s 1984 famine that inspired the Live Aid concerts.
NYSE Wants to Be Marketplace for NFTs Just Like With Stocks
3 years ago
The New York Stock Exchange is stepping into the nonfungible tokens market with plans to do for digital assets what it does for stocks.
U.K. Makes First Ever NFT Seizure in Crackdown on Tax Fraud
3 years ago
The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth 1.4 million pounds ($1.9 million), in the first ever domestic enforcement action of this kind.
U.K. Tax Authority Makes First NFT Seizure, BBC Reports
3 years ago
The U.K.’s tax watchdog seized three nonfungible tokens as part of a suspected case of value-added tax fraud worth £1.4 million ($1.9 million), the BBC reported.
Seemingly Ubiquitous NFTs Are Just a Sliver of Crypto Universe
3 years ago
(Bloomberg) -- NFTs seem to be everywhere as of late, whether being touted by celebrities ranging from Justin Bieber to Heidi Klum, but data show they account for just 1% of the overall cryptocurrency market.
Nike Files Trademark Suit Against StockX Over NFTs
3 years ago
(Bloomberg) -- Nike Inc. accused the sneaker resale marketplace StockX LLC of minting non-funible tokens that use its trademarks without approval and selling them at inflated prices.
U.S. Treasury Warns of Illicit Money Percolating in High-End Art
3 years ago
The U.S. Treasury Department is looking more closely at potential money laundering and the financing of terrorism through trading high-value art.
John Legend to Start NFT Platform for Musicians, Entertainers
3 years ago
John Legend is starting an NFT platform for musicians and entertainers who are trying to navigate the frenzy around digital collectibles.
How Crypto Foe China Is Embracing NFTs, With Strings Attached
3 years ago
China’s government has made clear its distaste for the free-wheeling, anti-establishment cryptocurrency community. When it comes to crypto’s blockchain technology, however, it’s a different story. President Xi Jinping has urged mass adoption of digital ledgers to help turn China into an industrial and digital powerhouse. The country is also embracing the latest blockchain craze -- non-fungible tokens -- albeit with conditions attached.
Crypto, NFTs Are Rife With ‘Mountains’ of Fraud, IRS Says
3 years ago
IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion -- and even celebrities could get caught up in the agency’s probes.
YouTube’s CEO Says the Company Will Explore NFT Features for Video Creators
3 years ago
YouTube is exploring adding non-fungible token features for its video creators, Chief Executive Officer Susan Wojcicki wrote to the site’s broadcasters on Tuesday.
Why Facebook and Twitter Opened the Door to NFTs
3 years ago
The social-media giants are taking a calculated risk by relaxing control over some of their users’ data to accommodate the craze for blockchain-based digital collectibles.
How Opportunists Snagged More than $1 Million in NFTs For Mere Thousands
3 years ago
Buyers used a loophole on the OpenSea platform to purchase the digital assets at hidden, below-market prices.
Musk Chides Twitter for NFT-Linked Profile Pictures
3 years ago
Tesla Inc. Chief Executive Officer Elon Musk lambasted Twitter’s development of profile pictures linked to non-fungible tokens on Friday morning, saying the social media company has the wrong priorities.
Twitter Users Can Now Add Verified NFTs as Profile Photos
3 years ago
(Bloomberg) -- Twitter Inc. users can now use an NFT as the profile picture on their account, part of a push to allow more users to show off digital art and encourage people to sign up for the company’s subscription product.
Tom Brady’s NFT Startup Gets $170 Million in Silicon Valley Funding
3 years ago
Autograph, an NFT platform co-founded by professional football player Tom Brady, raised $170 million in a Series B funding round led by Silicon Valley investors Andreessen Horowitz and Kleiner Perkins.
NFT Marketplace OpenSea Acquires Crypto Wallet Provider Dharma Labs
3 years ago
(Bloomberg) -- OpenSea, the largest NFT marketplace, has acquired cryptocurrency wallet provider Dharma Labs for an undisclosed amount.
You Won’t Need Crypto to Buy an NFT on Coinbase’s Marketplace
3 years ago
(Bloomberg) -- Coinbase Global Inc. said it will let users make purchases on its planned NFT marketplace through their Mastercard Inc. cards -- without having to own cryptocurrency.
Soros, Winklevoss Invest in NFT Creator Now Valued at $5 Billion
3 years ago
Soros Fund Management and the Winklevoss twins’ venture capital firm are among investors in a funding round that’s more than doubled the valuation of Animoca Brands Corp., a non-fungible token and metaverse company, to $5 billion.
Walmart Filings Reveal Plans to Create Cryptocurrency, NFTs
3 years ago
(Bloomberg) -- Walmart Inc. is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse.
NFT Market Surpassed $40 Billion in 2021, New Estimate Shows
3 years ago
Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis Inc.
NFT Hype Sparks a Rush by Finance Pros to Mimic Hot Market
3 years ago
New funds being offered to both professionals and retail buyers claim to provide exposure to the nascent NFT market. Do they meet the test?
What’s an NFT? It’s What Makes GIFs Worth Big Bucks
3 years ago
In February, a 10-second video clip known as “Crossroads” by the digital artist Beeple sold at auction for $6.6 million. An animated image of a flying cat leaving a rainbow trail went for almost $600,000 that same month. A video of a LeBron James dunk sold for a mere $200,000. What do all these have in common? Each is an example of a non-fungible token, and the boom in digital art they have set off.
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