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NFT Giovanni Motta, a famous Italian NFT artist, at a time when everyone is trying to make cash. He decides to launch his Non-Fungible Token project today with a free mint. This is his way of showing gratitude towards his community. John Motta: the NFT project with free mint is out today John Motta and his free NFT works: a description of Wonder Machine Who is the artist? John Motta: the NFT project with free mint is out today Today, 8 February, Giovanni Motta’s community will be able to access his new NFT Art project by minting a Non-Fungible Token…

ConsenSys issued a statement Feb. 7 in support of the appeal of the Jarrett v. United States case concerning the taxation of staking rewards. The case originated in a dispute over a refund of about $4,000 that Joshua and Jessica Jarrett claimed on Tezos (XTZ) tokens they validated in 2019. The Jarretts claimed their staking rewards should be treated as property and taxable only on upon their sale. After the U.S. Internal Revenue Service (IRS) ignored their refund claim, the Jarretts filed suit. They issued the refund in 2022, but the Jarretts refused it, preferring to pursue their legal case. “I…

NFT PLAY! POP! GO! has been built by Amber Park, a visual artist. It is a direct-to-consumer art, fashion, and lifestyle omniverse. The entity is overjoyed to announce that it has successfully integrated Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet. Once the entity’s fundamental role is recognized, it becomes an incredibly significant action. Community members can mint an individualistic NFT from the entity’s genesis collection when they get a free mint pass. Using Chainlink’s top-of-the-line decentralized oracle network, the transparency of each NFT’s characteristics may be guaranteed. This serves to level the playing field for all involved parties.…

The NFT market is showing signs of a revival, with open edition NFT projects growing in popularity.Open edition drops are all the rage at present. Indeed, a wave of new NFT projects are adopting the open edition method to drive hype and sales. For example, Checks VV NFTs by artist Jack Butcher sold over 16,000 identical editions last month for around $8 dollars each. Then, the NFTs skyrocketed in value to around 2.45 ETH (around $4,085). Currently, the floor price of the project continues to rise as the hype shows no signs of stopping.The open edition explainedFirstly, open edition NFTs place no…

A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps.In a Feb. 7 filing for the United States District Court for the Southern District of New York, Judge Lewis Kaplan denied a motion proposing Bankman-Fried be allowed to use messaging services, including FaceTime, Zoom and Facebook Messenger. The judge did not provide a reason for denying the motion “without prejudice” but added the matter would be subject to oral arguments in a Feb. 9 hearing. Prosecutors filed a motion in January…

Blockchain Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when it comes to understanding the underlying technology that powers these new innovations. Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools and colleges that compose New York University — announced a partnership with the NEAR Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry. The course comes out of NYU…

NFT Beijing Guoan Football Club, a professional soccer team competing in the Chinese Super League (CSL), launched GLEO on Sunday, a collection of non-fungible tokens (NFT) that can be used as avatars in the club’s virtual stadium scheduled to go live next year. See related article: Football most popular sport among crypto investors: KuCoin survey Fast facts The former CSL champion kicked off a 10-day lottery over the weekend to distribute 10,000 free NFTs to the winners. The football club intends to mint more NFTs, locally referred to as “digital collectibles,” in the future, the club said on its official…

The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain benefits by participating in the game, such as in-game currency and items.This creates a new dynamic where players can profit from their in-game actions, enhancing the fun and purpose of the gaming experience. Additionally, the usage of NFTs and blockchain technology in play-to-earn games gives players greater ownership and scarcity, which increases demand and can result in higher prices for exclusive in-game commodities. Play-to-earn games like Splinterlands…

NFT Bored Ape Yacht Club has removed the scores of cheaters in its Dookey Dash game. The game ends on Feb. 8, and the team will validate the scores. Bored Ape Yacht Club is having to deal with cheaters in its Dookey Dash game, taking action against them. The NFT project tweeted about wanting fairness in the NFT-based game after noticing some users who were cheating. It has since removed the scores of the cheaters from the leaderboard. The team will soon lock the leaderboard of the game. Yuga Labs, the team behind Dookey Dash, did note that anyone who…

NFT Beijing’s market regulator warned that projects marketed in the country as non-fungible tokens (NFTs) or with metaverse-related concepts risk being involved in illegal fundraising or fraudulent activities. See related article: China’s ‘Instagram’ gets NFT makeover with Conflux Fast facts Beijing Municipal Administration for Market Regulation said in a Tuesday notice that many of these projects lured investors with the concept of “metaverse investment” or NFTs that contain speculative elements and come with high risk. “Stay alert for new patterns of illegal fundraising activities, and resist being influenced by hype and speculation,” the authority said. China banned cryptocurrency transactions in…