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Israel's tax department has Cracked Down Two NFT sellers for not Disclosing $2.2 million in revenue

Israel’s Tax Department has Cracked Down Two NFT Sellers for not Disclosing $2.2 Million in Revenue

Israel’s tax department has arrested two makers of NFTs who allegedly did not disclose nearly $2.2 million in revenue. This is the second major crackdown after the recent discovery of an NFT creator from Tel Aviv who was engaged in a similar offense. The Tax Authority believes that the creators, Avraham Cohen and Antony Polak took substantial sums of money …

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Binance Unleashes AI-Powered NFT Platform Bicasso

Binance Unleashes AI-Powered NFT Platform Bicasso

A plethora of AI-oriented art programs has already become household names, from Nightcafe to DeepAI. Now a new player has joined the game, promising to take the virtual experience to alluring heights! Binance, the world’s leading cryptocurrency exchange platform, has taken a leap into the burgeoning NFT space with Bicasso – an AI-powered marketplace. On Wednesday, CEO Changpeng Zhao (CZ) …

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MMA Legend Khabib Nurmagomedov Teams Up with GMT to Unleash an Unparalleled NFT Collection

MMA Legend Khabib Nurmagomedov Teams Up with GMT to Unleash an Unparalleled NFT Collection

Ever since the advent of technology, Khabib has been determined to explore projects that involve innovation and technology. To fulfill his ambitions MMA legend has now followed in the footsteps of numerous other celebrities and entered the fascinating world of Non-Fungible Tokens (NFTs). Mixed martial arts icon Khabib has opened up a new avenue for fans to hold a piece …

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Solana NFT Marketplace Loses Momentum as User Activity Wanes

Solana NFT Marketplace Loses Momentum as User Activity Wanes

Amidst the constant inclusion of newcomers to the blossoming Non-Fungible Token (NFT) marketplace, veteran experts are feeling distressed about the future of Solana’s ecosystem. Dune Analytics data suggests that since February 2021, usage of Solana’s platform has experienced a steady decline which further increased the tension between the experts and firms. In spite of this seemingly negative trend, NonFungible.com estimates …

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Magic Eden Implements Restructuring, Cuts 22 Jobs

Magic Eden Implements Restructuring, Cuts 22 Jobs

Magic Eden, a non-fungible token (NFT) marketplace, announced a “company-wide restructuring” that will result in 22 staff members being laid off. Despite this, CEO Lu reaffirmed the company’s commitment to supporting its employees through the transition period. Magic Eden has expanded its support for Ethereum and Polygon-based NFTs, as the fall in SOL prices has hit the Solana-based marketplace’s performance. …

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