NFT News

The South Korean government is set to push ahead with its plans to roll out crypto tax in 2022, and looks to be unshakable in its hardline polices, despite public pushback – while experts are warning USD 3.1 billion worth of crypto is at risk if the three dozen or so non-big four crypto exchanges are allowed to go bust.

South Korean MPs have spoken yet again about the need to tax the non-fungible token (NFT) sector, while the government is being best on all sides by challenges from MPs opposed to its controversial tax plans.

Facebook could be set to take the plunge into the world of non-fungible tokens (NFTs) – and has also claimed that America is losing the “digital payments” race to China.

New York-based non-fungible token (NFT) marketplace OpenSea said it raised USD 100m, valuing the company at USD 1.5bn and bringing more capital to fuel NFT adoption.

In June, activity in the non-fungible token (NFT) market increased after it bottomed in May, while average prices seem to be still dropping.

Fantasy football platform Sorare said it has raised USD 680m in its Series B round.

Non-fungible tokens (NFTs) are spreading through the decentralized finance (DeFi) world and all its nooks and crannies - and they might be soon used as collateral on the major decentralized liquidity protocol Aave (AAVE).

SBI, the Japanese financial and crypto giant, has reaffirmed its backing of Ripple and its XRP ecosystem – claiming that its XRP Ledger network is a good fit for the non-fungible token (NFT) industry, as well as “other assets.”

Amid the explosive rise of digital collectibles, a more altruistic sub-section has emanated within the non-fungible token (NFT) space as a number of artists and crypto advocates donate funds raised by selling NFTs.

Merging non-fungible tokens (NFTs) and fashion, Hong Kong-based crypto platform Crypto.com has unveiled a new partnership with digital fashion business DressX. The collaboration paves the way for the launching of a DRESSX NFT store on the Crypto.com NFT platform, as well as the roll-out of a number of NFT collections, the partners said in a press release.