NFTs

CryptoPunk Mogul Pleads Guilty to $3.3M Tax Evasion on $13M in NFT Sales

CryptoPunk Mogul Pleads Guilty to $3.3M Tax Evasion on $13M in NFT Sales

In March 2022, a Pennsylvania man pleaded guilty to evading federal taxes. He failed to disclose over $13 million in income from the sale of almost 100 CryptoPunk NFTs. Waylon Wilcox, a 45-year-old of Avery, Idaho, was sentenced to a maximum of six years in prison for his tax-related offenses....

CryptoPunk Trader Faces Jail Time for Concealing $13 Million in NFT Profits

CryptoPunk Trader Faces Jail Time for Concealing $13 Million in NFT Profits

A Pennsylvania man is on his way to prison after pleading guilty to hiding over $13 million in income. He accumulated this fortune by flipping CryptoPunks non-fungible tokens (NFTs). For example, Waylon Wilcox, who sold 97 CryptoPunks in 2021 and 2022 and failed to report that income to the IRS....

Pixels Overtakes Axie Infinity in Ronin Hierarchy, But Concerns Loom

Pixels Overtakes Axie Infinity in Ronin Hierarchy, But Concerns Loom

Pixels has jumped to the front of Axie Infinity in the hierarchy on the Ronin blockchain. This transition is an important turning point for the blockchain gaming space. Pixels has still been on an impressive upward trajectory, particularly following its new foray into NFT trading. Yet questions about the initiative’s...

CryptoPunk Trader Faces Prison Time for $13 Million Tax Evasion

CryptoPunk Trader Faces Prison Time for $13 Million Tax Evasion

An NFT trader just found himself facing prison time after pleading guilty to evading almost $13 million in taxes. This tax evasion is based on profits realized from the trading of CryptoPunk NFTs. Waylon Wilcox, the trader incognito, purchased and sold 97 items from the CryptoPunk NFT collection. Now he’s...

Zora Set to Launch Native Token and Airdrop on April 23, 2025

Zora Set to Launch Native Token and Airdrop on April 23, 2025

Zora, a prominent NFT marketplace protocol supported by Coinbase Ventures and Paradigm, has officially announced its Token Generation Event (TGE) and corresponding airdrop, scheduled for April 23, 2025. This reverse auction is a significant step for the platform. It’s since become a leader in creator-empowerment through decentralized NFT minting and...

Meatbags NFT Project Aims to Purchase Cold War Bunker

Meatbags NFT Project Aims to Purchase Cold War Bunker

Dead Bruv’s Meatbags is a PFP Solana-based NFT Collection. They’ve just kicked off a campaign to buy a decommissioned Cold War Cecilia Castle bunker in Rutland, England. The project will begin minting these tokens on April 21, producing 100,000 in total. We see the future of our bunker as a...

Animalia Launches L1 Gaming Chain on Avalanche Mainnet

Animalia Launches L1 Gaming Chain on Avalanche Mainnet

Animalia, a web3 trading card game that integrates both physical and digital cards into gameplay, has booted up its Layer 1 (L1) gaming chain on the Avalanche network. This launch becomes a big milestone for the popular free-to-play trading card game. It will provide a dedicated, permanent foundation for the...

Zora Announces Token Launch on Coinbase's Base Network

Zora Announces Token Launch on Coinbase's Base Network

Solana-enabled NFT marketplace Zora — an Ethereum NFT platform — is all set to release its token, ZORA on April 23. ZORA will be deployed on Base, Coinbase’s layer-2 network. This release on Base is meant to improve accessibility and make onboarding easier for new users. ZORA is meant to...

CryptoPunks From Boom to Bust Examining the NFT Collection's Price Decline Since 2021

CryptoPunks From Boom to Bust Examining the NFT Collection's Price Decline Since 2021

CryptoPunks, one of the earliest and most iconic collections of non-fungible tokens (NFTs). As with other speculative arts markets, since the NFT market peaked in the spring of 2021, its value has fallen by over 90%. Featuring 10,000 unique pixel-art characters on the Ethereum blockchain, CryptoPunks once commanded premium prices,...