Blogging on OpenSea & artNFTexpert.com
The Ultimate NFT Royalties post! https://manifoldxyz.substack.com/p/royalties-demystified- đ°
WARNING: OpenSea Royalties: Makes sure you set your royalties to 10%!! This is NOT automatic!! https://support.opensea.io/hc/en-us/articles/1500009575482-How-do-royalties-work-on-OpenSea- đ
Introducing HEN Great article on HEN! This will also be a future experimeNFT! https://hyperallergic.com/665481/nft-market-frenzy-experimental-alternative/ â¨
NFTs, Generative Art, and Sol LeWitt - snuff said! https://medium.com/@mitchellfchan/nfts-generative-art-and-sol-lewitt-e99a5fa2b0cb
đĽ
The coming NFT WARSâŚ
The Government: "At issue is recent IRS guidance on using cryptocurrencies to buy an asset, including an NFT. As part of its principle known as âdisposition of assets,â the IRS states that âif you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss.â" AND "If the NFT buyer later goes on to sell or âflipâ the NFT at a higher price â which has become popular with NBA highlight videos and Beeple works â the seller would also pay a capital gains tax on any gain. And since NFTs are considered collectibles, they are taxed at the higher collectible capital gains rate of 28%." Luckily for now, the marketplaces aren't listening: "Another problem is inadequate reporting by companies at the center of the NFT boom. The big platforms that buy and sell NFTs, like Flow by Dapper Labs or OpenSea, can report a sale but they arenât able to report a buyerâs gain on the crypto used for the purchase." https://www.cnbc.com/2021/03/17/tax-surprise-looms-for-nft-investors-who-use-crypto-.html
IPs - the Centralized As Big Biz moves into the space to take a piece of the NFT pie, they will not want to give up their centralized nature. Some are already criticizing Topshots and the Flow block chain because you cannot export it to another block chain. Some say that Flow is basically a super database with blockchain like features. It looks like lines are already blurring as new new nonEth block chains emerge.
âď¸
Art Tips: ClichĂŠs AF https://austinkleon.com/2021/08/03/cliches-puns-and-hooks/ đ
Investing Tip by James Altucher: âBe aggressively unexpected!â
Cheers- Mars
Originally posted:
https://artnftexpert.com/notes/nft-notes-2-yes-this-is-a-nft/
This post is also an experiment documented here: https://artnftexpert.com/experiments/experimenft-1-blogging-on-the-blockchain-nft-notes-nft/
Art NFT Expert is Mars' artist journey through the Cryptoverse! Thanks for your support! DM Mars: mars_eve
Art NFT Expert is Mars' artist journey through the Cryptoverse!
NFT Notes 2 | Yes- this is a Blog NFT! | artNFTexpert.com
- Unit PriceUSD Unit PriceQuantityExpirationFrom
- Unit PriceUSD Unit PriceQuantityFloor DifferenceExpirationFrom
NFT Notes 2 | Yes- this is a Blog NFT! | artNFTexpert.com
- Unit PriceUSD Unit PriceQuantityExpirationFrom
- Unit PriceUSD Unit PriceQuantityFloor DifferenceExpirationFrom
Blogging on OpenSea & artNFTexpert.com
The Ultimate NFT Royalties post! https://manifoldxyz.substack.com/p/royalties-demystified- đ°
WARNING: OpenSea Royalties: Makes sure you set your royalties to 10%!! This is NOT automatic!! https://support.opensea.io/hc/en-us/articles/1500009575482-How-do-royalties-work-on-OpenSea- đ
Introducing HEN Great article on HEN! This will also be a future experimeNFT! https://hyperallergic.com/665481/nft-market-frenzy-experimental-alternative/ â¨
NFTs, Generative Art, and Sol LeWitt - snuff said! https://medium.com/@mitchellfchan/nfts-generative-art-and-sol-lewitt-e99a5fa2b0cb
đĽ
The coming NFT WARSâŚ
The Government: "At issue is recent IRS guidance on using cryptocurrencies to buy an asset, including an NFT. As part of its principle known as âdisposition of assets,â the IRS states that âif you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a capital gain or loss.â" AND "If the NFT buyer later goes on to sell or âflipâ the NFT at a higher price â which has become popular with NBA highlight videos and Beeple works â the seller would also pay a capital gains tax on any gain. And since NFTs are considered collectibles, they are taxed at the higher collectible capital gains rate of 28%." Luckily for now, the marketplaces aren't listening: "Another problem is inadequate reporting by companies at the center of the NFT boom. The big platforms that buy and sell NFTs, like Flow by Dapper Labs or OpenSea, can report a sale but they arenât able to report a buyerâs gain on the crypto used for the purchase." https://www.cnbc.com/2021/03/17/tax-surprise-looms-for-nft-investors-who-use-crypto-.html
IPs - the Centralized As Big Biz moves into the space to take a piece of the NFT pie, they will not want to give up their centralized nature. Some are already criticizing Topshots and the Flow block chain because you cannot export it to another block chain. Some say that Flow is basically a super database with blockchain like features. It looks like lines are already blurring as new new nonEth block chains emerge.
âď¸
Art Tips: ClichĂŠs AF https://austinkleon.com/2021/08/03/cliches-puns-and-hooks/ đ
Investing Tip by James Altucher: âBe aggressively unexpected!â
Cheers- Mars
Originally posted:
https://artnftexpert.com/notes/nft-notes-2-yes-this-is-a-nft/
This post is also an experiment documented here: https://artnftexpert.com/experiments/experimenft-1-blogging-on-the-blockchain-nft-notes-nft/
Art NFT Expert is Mars' artist journey through the Cryptoverse! Thanks for your support! DM Mars: mars_eve
Art NFT Expert is Mars' artist journey through the Cryptoverse!