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2023 Underground Art Market Report

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Category: NFTs

Fashion NFTs: What are They and How Brands Benefit?

Fashion NFTs: Revolutionizing the Fashion Industry with Digital Ownership In the Year 2023 The fashion industry, known for its ever-evolving trends and creativity, has now entered the world of blockchain and non-fungible tokens (NFTs). Fashion NFTs, a fusion of art and technology, are transforming the …

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October 1, 2023October 1, 2023 By AdsmithBroker

‘My NFTs are worthless’

Anyone who bought a digital artwork over the past two years may well now be worrying about the state of their investment. Non-fungible tokens (NFT) took off as an investment craze during the pandemic, but the cryptocurrency firm Dappgambl has identified 73,257 NFT collections — …

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September 30, 2023October 1, 2023 By AdsmithBroker

Is the Theft of Cryptocurrencies, Digital Tokens NFTs Tax Dededutible?

Taxpayers can take a tax deduction with respect to “theft” losses that result from an illegal “taking of property” done with criminal intent.[1] Among various other types of criminal activities, fraud is treated as theft under Internal Revenue Code (Code) §165(a). We have seen that …

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September 30, 2023October 1, 2023 By AdsmithBroker

Exploring Ultiledger’s NFTs: Digitizing Assets on the Blockchain

Blockchain technology has revolutionized various industries, and one of the most exciting applications is Non-Fungible Tokens (NFTs). NFTs have garnered significant attention for their ability to tokenize unique assets and facilitate ownership representation on the blockchain. Among the platforms that have gained recognition in the …

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September 30, 2023October 2, 2023 By AdsmithBroker

Pudgy Penguins Revolutionizes NFTs with Innovative Approach to Revenue Generation

Pudgy Penguins, the once-famous NFT collection, has undergone a transformation under the leadership of CEO Luca Netz. With a focus on IP and brand development, the company has expanded its offerings beyond digital collectibles. This evolution has led to the creation of Pudgy World, an …

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September 29, 2023September 30, 2023 By AdsmithBroker

What’s Stopping Fortnite and Call of Duty From Using the Same Items? It’s Not Just NFTs

Did you just unbox a Butterfly Knife in Counter-Strike 2? You’d probably love to bring that over to Call of Duty: Warzone—but you can’t. Are NFTs the answer? Getting game creators to embrace a decentralized ecosystem of interoperable items might be part of the path …

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September 29, 2023September 29, 2023 By AdsmithBroker

Pudgy Penguin’s approach could be the answer to fixing NFTs’ revenue problems

Pudgy Penguin was once known solely for his 8,888 NFT collection. But since 24-year-old Luca Netz bought the project for $2.5 million and took over as CEO in April 2022, it has evolved into an “IP and brand development company.” For the organization, this means …

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September 29, 2023September 30, 2023 By AdsmithBroker

Shiba Inu Lead Shytoshi Kusama Spotlights Paris Hilton-Linked NFT Drop

Alex Dovbnya Shiba Inu’s Shytoshi Kusama shined a spotlight on a new non-fungible token (NFT) drop linked to Paris Hilton In a recent social media post adorned with the eyes emoji, Shiba Inu lead Shytoshi Kusama has spotlighted a non-fungible token drop associated with Paris …

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September 29, 2023September 29, 2023 By AdsmithBroker

Pudgy Penguins’ approach may be the answer to fixing NFTs’ revenue problems

Pudgy Penguins was once solely known for its 8,888 NFT collection. But ever since 24-year-old Luca Netz bought the project for $2.5 million and took over as CEO in April 2022, it has evolved into an “IP and brand development company.” For the organization, that …

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September 29, 2023September 29, 2023 By AdsmithBroker

CryptoNewsBreaks – Upstream Discusses Value of Speculative vs. Utility-Based NFTs

Upstream, the revolutionary retail trading app for stocks and NFTs powered by Horizon Fintex and MERJ Exchange Limited, is discussing the value of the “once-booming world of speculative NFTs” in its latest blog. According to the blog, the NFT world is facing a “harsh reality” …

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September 29, 2023September 29, 2023 By AdsmithBroker

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