THELOGICALINDIAN - Its our aboriginal Monday copy of The Nightly Mint and while NFT action and prices are abashed as the broader crypto bazaar and markets at ample embrace bouldered tides
According to Dune Analytics, OpenSea action in contempo canicule hasn’t been this low back December; while the bazaar is still seeing abundant volumes, there is acutely a ‘cooling’ aeon that we’re seeing about to January and February’s activity.
Immutable X Raises $200M At A $2.5B Valuation
Layer-2 ascent band-aid Immutable X has partnered with GameStop, TikTok, and abounding more. The Australian-based startup aloft a air-conditioned $200M to alpha the week, nailing a appraisal of the close at appropriate about $2.5B. The belvedere has it’s own marketplace, and seems to accept a focus on video amateur and user-owned NFTs.
Latest Mint: Honoring NASCAR’s First Black Championship Driver, Wendell Scott
Nifty Gateway is host to a new NFT series, in affiliation with Wendell Scott Racing, that ceremoniousness the bequest of the allegorical driver. Scott was the aboriginal African American disciplinarian to win a Grand National chase in 1963 and is in the almanac books for actuality the alone atramentous NASCAR aggregation buyer – alike today.
The NFT bargain includes a 3D aggrandized absoluteness agenda car and trophy, and added editions of the NFT accommodate added awe-inspiring atramentous athletes that accept fabricated the almanac books in sports – including Jackie Robinson and Arthur Ashe.
The 1-of-1 editions of the NFT yielded arctic of $3K each.
Related Reading | The Bullish Scenario That Puts Bitcoin At $165K Before $22K
The ‘Minty Fresh’ Take
Yep, it’s that time of year again. If you’re a U.S. resident, there’s one borderline about March and April that you’re apparently not a huge fan of. While government adjustment and taxation of NFTs has been abundantly cryptic (to say the least), abounding individuals are advertisement taxable assets on NFTs affiliated to basic assets on added simple tradable assets. Your breadth may alter – argue an accounting able for questions as they chronicle to your specific tax jurisdiction.
Sent all my crypto/nft tax paperwork to my tax guy, he alleged me afterwards to go over it all and said he would alarm me aback in 1-2 canicule already he finalizes everything. It’s been 2 weeks and still haven’t heard aback from him…
— Zoopa.eth (@ZoopaETH) March 7, 2022
Related Reading | Kiyosaki Says ‘Buy Bitcoin And Forget About It’
