NFTs

Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.


Analyses

Crypto Donations Are About More Than Censorship-Resistance

If you deal in crypto regularly, it makes sense to send charitable contributions in crypto, too.

A vigil to support Ukraine's war effort at Times Square in New York City, NY on Feb. 27, 2022. (Daniel Kuhn/CoinDesk)

Finance

KPMG Canada Follows Bitcoin Buy With Purchase of World of Women NFT

“Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy,” KPMG said.

KPMG_shutterstock

Technologies

New DAO Raises $3M in ETH for Ukrainian Army

The Russian art collective Pussy Riot is helping to coordinate UkraineDAO.

Kyiv, Ukraine, Feb. 25, 2022 (Anastasia Vlasova/Getty Images)

Finance

Associated Press Cancels Sale of Migrant Video NFT After Backlash

The video, which depicted a raft crowded with migrants, was a “poor choice” for an NFT, an AP spokeswoman said.

The Associated Press will call some 7,000 races in the 2020 elections. Everipedia will record these calls on its network.

Vidéos

Cryptocurrency Taxes 2022: Here’s What You Need to Know

What are the tax implications of crypto transactions, staking and airdrops? “Community Crypto” host Isaiah Jackson sits down with Certified Public Accountant (CPA) Charles J. Kelly to discuss what crypto investors need to know before filing their taxes. Plus, taxing NFTs and DAOs.

CoinDesk placeholder image

Vidéos

How to Reduce Your Crypto Tax Liability

Certified Public Accountant (CPA) Charles J. Kelly joins “Community Crypto” host Isaiah Jackson to discuss cryptocurrency taxes, sharing insights into the possible strategies for investors to minimize tax liabilities in the crypto market.

CoinDesk placeholder image

Analyses

Why the CryptoPunk Flop Is a Turning Point for NFT Auctions

A pseudonymous collector withdrew 104 CryptoPunks from Sotheby's. What does that mean for the future of splashy NFT auctions?

(Eli Tan/CoinDesk)

Layer 2

NFTs Are the Latest Crypto Tax Events Nobody Understands

Casual collectors may be in for a rude awakening this year. This piece is part of CoinDesk's Tax Week.

(Melody Wang/CoinDesk)

Finance

OneOf Expands Sports NFT Presence With New Collection on Polygon

The NFT platform known for its music marketplace is launching a series of one-of-one sports NFTs that grant holders exclusive perks.

OneOf has partnered with the Duke basketball program and its famed coach, Mike Krzyzewski. (Getty Images)