Tag: nft

OpenSea Revives Solana Integration with Token Trading, NFT Support to Follow

OpenSea Revives Solana Integration with Token Trading, NFT Support to Follow

OpenSea has now made the official announcement that Solana NFTs will be returning to the world’s largest NFT marketplace in the coming weeks. This news comes on the heels of OpenSea adding Solana token trading. It’s the most recent step in the platform’s continued evolution to deliver a truly seamless,...

OpenSea's Solana Gamble A Risky Bet Against Crypto Values?

OpenSea's Solana Gamble A Risky Bet Against Crypto Values?

Has OpenSea completely sold its soul for a lackluster quick buck? This is something I’ve been want to write about ever since I listened to them integrate Solana first. That very first pitch centering around memecoins still burns brightly in my memory. You know the types – $WIF and, ahem,...

Polygon's NFT Triumph: Proof the Future of Crypto Is Brightest!

Polygon's NFT Triumph: Proof the Future of Crypto Is Brightest!

The numbers don't lie. Polygon crushed Ethereum in weekly NFT sales, with Polygon reaching $22.3 million. This isn’t merely an opportunity to pat themselves on the back. It’s a fundamental change, paving the path in real-time toward the future of crypto. To be honest, if you’re sleeping at the wheel...

Polygon's NFT Surge: A Win for Accessibility, A Warning for Elitism?

Polygon's NFT Surge: A Win for Accessibility, A Warning for Elitism?

Polygon taking the NFT sales crown from Ethereum for a week? C’mon, let’s face it, that’s a click bait-y headline to end all click bait-y headlines. 22.3 million vs. 19.2 million – a David and Goliath moment in the crypto world. But before we name Polygon king, let’s examine a...

Polygon's NFT Collection Backed by Physical Assets Overtakes Ethereum

Polygon's NFT Collection Backed by Physical Assets Overtakes Ethereum

Polygon has shaken up the NFT scene by surpassing Ethereum with a collateral-backed collection of NFTs. Their Courtyard collection, with physical cards backing the NFTs, has brought in enormous sales volume, eclipsing nearly every other NFT project. This story underscores the growing significance of Real-World Asset (RWA) NFTs to the...

CryptoPunks Tax Case: 3 Lessons For NFT Future

CryptoPunks Tax Case: 3 Lessons For NFT Future

What the Waylon Wilcox case demonstrates is about more than one man’s error. This former resident of Pennsylvania was convicted of avoiding millions in taxes on his CryptoPunks transactions. As far as wake-up calls go, this one is loud and clear across the entire NFT ecosystem. It’s natural to want...

CryptoPunks Tax Scandal: A Wake-Up Call for Economic Justice?

CryptoPunks Tax Scandal: A Wake-Up Call for Economic Justice?

Waylon Wilcox, the dude who flipped CryptoPunks and made millions doing it, just pleaded guilty to evading more than $3.3 million in taxes. He hid over $13 million in income. His girlfriend was crowdfunding her daughter’s beauty pageant on Facebook. Let that sink in. This isn't just about one guy...

NFT Tax Nightmare: $13M CryptoPunk Case Sends Warning!

NFT Tax Nightmare: $13M CryptoPunk Case Sends Warning!

The NFT space has had its fair share of ups and downs. This most certainly has opened the doors to many creators and many top-tier artists. Alongside this nascent asset class are a myriad of tax implications that many are still trying to get their heads around. BlockTraderHub.com — Your...

Crypto Punk's Tax Fiasco: 3 Lessons for the NFT Revolution

Crypto Punk's Tax Fiasco: 3 Lessons for the NFT Revolution

Okay, let's talk about Waylon Wilcox. $13 million in CryptoPunk sales. Millions in evaded taxes. Potential jail time. The news reports are shouting “NFT bubble burst!” and “Crypto is a scam! But hold on a second. Before you write off the entire NFT space because of one guy's alleged (and...