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NFT NFT Collections: A year ago, non-fungible tokens shook up the financial world, capturing the attention of major news outlets. It also inspired many investors to invest millions of dollars in them. Sports have also existed since the invention of the wheel in human history. Combining them results in passionate communities that exchange, discuss, and share the collectibles they own. Here are the 5 Best NFT Collections for Sports Fans 1. NBA Top Shot The NBA Top Shot collection is the premier NFT resource for sports. It debuted in July 2019 as a digital recreation of traditional trading card culture.…

NFT Jean-Michel Pailhon, Chief of Staff at Ledger, will be stepping down from his role at the company after six years, he said in a blog post on LinkedIn. The move comes as Pailhon plans to embark on a new journey to make digital art and NFTs “more accessible” to wider audiences. Pailhon to Focus on NFT Curation After Six Years at Ledger Ledger’s top executive Jean-Michel Pailhon is leaving the hardware crypto wallet developer to focus on his non-fungible token (NFT) art venture, he announced in a LinkedIn post. Pailhon, who served as Ledger’s chief of staff, will leave…

LeBron James now has his own RTFKT (pronounced Artifact) CloneX NFT, thanks to a surprising move by the RTFKT team. In an action that has created quite a controversy on social media, it appears the new Lebron James is a clone of an existing NFT, which has had its metadata changed to make a unique 1/1 NFT. While some people see this as a creative move that opens up huge possibilities, others see it as harmful and a risk to the future of decentralization.  RTFKT created a unique 1/1 LeBron James NFT after altering the metadata of a CloneX NFT.…

NFT Jean-Michel Pailhon, the chief of staff to Ledger CEO Pascal Gauthier, has left the hardware wallet developer to launch his own NFT art project. The project aims to make digital art NFTs more accessible to a wider audience, including “institutions, collectors and investors,” according to a LinkedIn post announcing the project yesterday. A person with knowledge of the matter told The Block that it will specifically look at NFT curation. “We’re excited to support JMP in his new endeavors which we believe will be really important for our industry,” said Ledger CEO Pascal Gauthier. “JMP will always be a…

Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats cryptocurrency as property subject to capital gains taxes. Knowing this appears to make filing crypto taxes simple, but crypto’s unique nature means there are many unanswered questions.Accurately reporting gains and losses can be a nightmare. While everyone concerned about tax season knows that keeping accurate records of every crypto transaction is a must, there are other things to keep in mind. There is a difference between short-term and long-term capital gains taxes, with tax rates varying depending on…

Earlier this week, Porsche launched its first major NFT collection, which in turn, ignited a major debate concerning refunds in the NFT space. Essentially, the collection brought attention to an obscure 1997 law in its minting process could have huge implications for the NFT industry. Porsche First Major NFT DropAfter Porsche launched its first NFT collection last week, much attention was focused on its high prices and poor initial sales. However, a small required checkbox included in the minting process has since caused another controversy with wider effects for the NFT community.To mint a Porsche NFT, prospective owners were required to…

After months of lacklustre performance, Coinbase NFT has paused creator drops to add more features that will improve the platform. The announcement was made through Twitter on Wednesday. And the platform was quick to state that it was not shutting down, dispelling swirling rumors that it was likely to close shop.We recently shared that we are pausing creator Drops on the NFT marketplace to focus on other features and tools that creators have asked for. To be clear: We are not shutting down the Coinbase NFT marketplace.— Coinbase NFT (@Coinbase_NFT) February 1, 2023Some people have wondered why the platform would…

Stablecoins have been under much scrutiny since the implosion of the third-largest stablecoin by market cap, TerraUSD (UST), in May 2022. The UST saga led to a lot of skepticism that caused consumers to question the safety of stablecoins. In the seventh episode of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) interviews Paolo Ardoino, Tether’s chief technology officer, about how stablecoins work, and the two discuss frequently asked questions about stable tokens. Fear, uncertainty and doubt (FUD) rocked the boats of stablecoin issuers after TerraUSD depegged in 2022. Tether was one such issuer at the receiving end of the FUD.…

NFT NFT lending has had its strongest month, with $444 million in monthly volume throughout January. A new report from NFTGators noted the “significant surge in NFT activity” as Polygon NFTs again surpassed Ethereum in volume. The rise in NFT lending is partly responsible for the increase in activity. BendDAO had the most significant volume in January at $36 million. NFT activity increases The rise in NFT lending is a part of a wider NFT resurgence. OpenSea activity increased as 319,641 Ethereum users sold 1,132,681 NFTs, while 224,719 Polygon users traded 1,514,895 NFTs in January. As a result, the average…

In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume, despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft. Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after one wrong moveMoonbirds co-founder Kevin Rose lost…