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2023 Underground Art Market Report

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Category: NFTs

South Korea’s Dreamus Debuts Avalanche NFT Tickets for Events, K-Pop Concerts

South Korean entertainment and events firm Dreamus, a subsidiary of SK Planet, is now offering NFT ticketing services through SK Planet’s OK Cashbag loyalty rewards app, allowing fans to buy tickets to events like K-pop concerts and other shows as Avalanche NFTs. OK Cashbag rewards …

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September 21, 2023September 21, 2023 By AdsmithBroker

All Those NFTs Are Officially Worthless

Most Non-Fungible Tokens (NFTs), a unique asset stored on the blockchain that cannot be replicated (unless you can right-click), have no value. While I’m no fan of lifeless Bored Apes, I’m not saying that just to be mean—cryptocurrency analysts dappGambl determined that out of the …

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September 21, 2023September 21, 2023 By AdsmithBroker

All Those NFTs Are Officially Worthless

Most Non-Fungible Tokens (NFTs), a unique asset stored on the blockchain that cannot be replicated (unless you can right-click), have no value. While I’m no fan of lifeless Bored Apes, I’m not saying that just to be mean—cryptocurrency analysts dappGambl determined that out of the …

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September 21, 2023September 21, 2023 By AdsmithBroker

Nearly all NFTs are now literally worthless as valuation plummets to $0

Twenty three million investors now own NFTs of no use or value. So… NFTs are pretty much dead. New research has revealed why you probably haven’t seen anyone trying to flog pictures of cartoon apes on the internet recently – because NFTs, or non-fungible tokens …

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September 21, 2023September 21, 2023 By AdsmithBroker

Pokémon NFTs Arrived on Polygon (MATIC) Blockchain

Vladislav Sopov Tokenized Pokémon Cards by Courtyard sold out in seconds, floor price rocketing Developed by Courtyard, NFT cards of legendary anime Pokémon kicked off on Polygon (MATIC). Enthusiasts purchased them all in seconds and sent the floor price to the roof in the first …

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September 21, 2023September 21, 2023 By AdsmithBroker

NFTs promised to save music; now, they are officially WORTHLESS

NFTs promised to save music; now, they are officially WORTHLESS Promoters of NFTs promised that they would ‘revolutionize the music industry’ and provide a much-needed funding source for musicians. While I never quite drank a full glass of the Kool-Aid, I admit to being impressed …

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September 21, 2023September 21, 2023 By AdsmithBroker

Navigating Dutch Tax And Financial Regulatory Laws On NFTs – Withholding Tax

The tax and financial regulatory landscape of non-fungible tokens is rapidly evolving, with the impact of MiCAR on the horizon The emergence of cryptocurrencies (fungible tokens) and non-fungible tokens (NFTs) has ushered in a new era of digital assets, presenting unique challenges for legislators and …

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September 21, 2023September 24, 2023 By AdsmithBroker

Quivr Launches Digital Identity Badges as NFTs on Solana

Quivr, an innovative blockchain and AI-enabled data verification app, has revealed its foray into the world of Non-Fungible Tokens (NFTs). Partnering with Solana, a leading blockchain platform known for its compression NFT technology, Quivr is embarking on a new era of authenticity, personal expression, and …

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September 21, 2023September 21, 2023 By AdsmithBroker

It’s finally official: NFTs are dead and buried

Remember NFTs? Those boring, ugly ape avatars surrounded by Nazi allegations, and the $500,000 memes, and the terrible representation, and the dire celebrity chat show segments (see: Paris Hilton hawking bored apes with Jimmy Fallon), and the guy who burned a $10 million Frida Kahlo …

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September 21, 2023September 21, 2023 By AdsmithBroker

Nearly 95% of NFTs are now worthless, report says By Crypto.news

The non-fungible tokens (NFT) market is going through hard times, as 69,795 out of 73,257 digital collections have a market cap of 0 Ethereum (ETH). According to a report by dappGambl, only 20% of the identified collections have full ownership. It means nearly 80% of …

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September 21, 2023September 21, 2023 By AdsmithBroker

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