Profits generated via crypto activities in India are subjected to a 30 percent tax deduction, a rule that most members of the Indian crypto community have been failing to comply with. In order to get more Indian crypto investors to pay their taxes, TaxNodes has decided to offer complimentary NFTs…
Lacoste, a French designer brand that has been pro-Web3 for a while already, is stepping into deeper waters with its blockchain exploration. The company has decided to add more functionality to its NFT ecosystem, that it first brought to life in June 2022 with its UNDW3 collection. Lacoste wants to…
In a rather pro-Web3 move, Nike has struck a partnership with EA Sports hoping to be able to push elements of Web3 like cryptocurrencies and NFTs, deeper into the international gaming ecosystem. The shoes and athleisure brand Nike has been experimenting with digital collectibles or NFTs for quite some time…
Adidas is not shying away from deep diving into Web3 exploration as a way to connect and engage with its younger and more tech-savvy customers. The shoes and apparel brand has announced the launch of its ALTS Dynamic NFT collection, as part of expanding its ‘Into The Metaverse’ initiative that…
Sacha Jafri, a record-holding artist based in Dubai, is currently working on a special sculpture that will soon be planted on the lunar surface. Once the historic moon-landing of this artwork finally completes, a total of 88 NFTs inspired by the sculpture will be released for the Earthlings. These NFTs…
Amazon could be gearing up to foray into the digital assets industry in 2023. The e-commerce giant is reportedly set to launch an NFT initiative this April that would be closely integrated with its mother platform. NFTs, or Non-Fungible Tokens, are digital collectibles, that are built on blockchains that transfer…
The NFT market, after recording a slump in sales and overall market last year, is seemingly jumping back to recovery. As per NFT data aggregator CryptoSlam.io, the sales volume of NFTs spiked by 16 percent in the first three weeks of 2023 from last year. Over 320,580 people purchased digital…
NFTs nearly $30,000 (roughly Rs. 24 lakh) have reportedly been stolen from an NFT influencer, who goes by the pseudonym ‘NFT God’ on Twitter. The influencer has claimed that his wallet full of digital collectibles was drained in a hack attack. Valuable NFTs worth nearly $30,000 (roughly Rs. 24 lakh)…
Donald Trump is the latest public figure to have forayed into the NFT sector despite the sales of digital collectibles having been down for most part of this year. The former President of the US has released a collection of 45,000 fantasy cards called the ‘Trump Digital Trading Cards’. The…
The market for non-fungible tokens (NFTs) has seen major ups and downs this year, after the crypto markets plummeted severely and NFT marketplaces recorded losses. Amid dropping sales values, the popularity of utility NFTs seems to have become quite the topic of discussion. Essentially, utility NFTs have a value that…
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