Značka: NFT sales

New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges

Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.The new rules confirm how NFT purchases will be taxed and what they can and can’t be used for, while also clarifying rules around when a crypto exchange app can be listed. The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs, but bars any NFTs acquired elsewhere to be used for anything other than viewing. It also allows applications to use in-app purchases to “sell and sell services” related to NFTs such as “minting, listing, and transferring.” However, the tech company is seemingly double-downing on its NFT “Apple tax” — which lumps in-app NFT purchases into its standard 30% commission rate on all purchases — by making sure all NFT purchases are conducted in-app. Apps won’t be allowed to include “buttons, external links, or other calls to action” which could give users a way to circumvent app-store commissions when purchasing NFTs. It also prevents apps from using mechanisms “such as […] QR codes, cryptocurrencies, and cryptocurrency wallets” which could be used to unlock content or functionality within an app.The rules come despite the company facing criticism for applying its 30% commission on NFT sales conducted through NFT marketplace apps such as  OpenSea or Magic Eden, a move that’s been marked as “grotesquely overpriced” when compared to the average 2.5% commissions on NFT purchases. Magic Eden said it removed its service from the App Store after learning of the policy and other NFT marketplaces have scaled back their application functionality with users only able to browse and view their owned NFTs.Apple’s guidelines have also ruled out using crypto for in-app purchases, allowing only fiat currency purchases with a “valid payment method” such as debit or credit cards.Related: Nodes are going to dethrone tech giants — from Apple to GoogleThe new guidelines make no changes to Apple’s existing policy on cryptocurrency trading apps put forward by exchanges such as Binance and Coinbase where trades are not subject to the 30% “Apple tax”.However, new language was added to clarify that crypto exchange apps can only be offered in their app in “countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.”

Čítaj viac

WSJ says 'the NFT market is collapsing' but the data says otherwise

An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales.The article cited data from NFT market analysis platform Nonfungible suggesting the number of NFT sales has fallen by 92% since an all-time high in September 2021. Wallets active in the Ethereum (ETH) NFT market were also said to have declined by 88% since a high in November 2021.“The NFT market is collapsing,” the article concluded. Red line shows number of sales with volume on left y-axis, white shows active market wallets, volume on right y-axis. Source: NonfungibleHowever, onchain data from Dune Analytics’ dashboard suggest that the NFT market is still robust, with information showing that NFT users and transactions are much higher than what’s reported by Nonfungible.Dune Analytics total active NFT users Dune Analytics NFT transactions per day Analytics also show that volume per day in USD on Ethereum NFTs over the week is some of the highest seen since February with popular marketplace OpenSea seeing nearly $550 million in volume on May 1 alone.Dune Analytics. Source.Analysis from Tom Schmidt, partner at venture capital firm Dragonfly Capital shows a similar story when focused on OpenSea transactions and USD volume.come on, man pic.twitter.com/CTJFldAHNk— Tom Schmidt (@tomhschmidt) May 3, 2022Sub-sectors within the NFT market are emerging and while some areas of the oversaturated market are in a downturn, others are seeing major gains.Nansen’s analytics platform which indexes NFT collections by type show that “Blue Chip” NFTs — established and highly prized brands such as the Bored and Mutant Ape Yacht Club and Azuki tokens — are far outperforming art or gaming tokens.The Nansen Blue Chip-10 Index tracking the top 10 NFT projects is up 81% year to date (YTD), while comparatively the indexes tracking the top art and gaming NFT collections are respectively down 39% and 49% YTD.This phenomenon of NFT market capital consolidating into the top collections was pointed out in an analysis by NFTstatistics.eth who shared a chart in late April showing the top 5 collections are driving the Ethereum NFT market.This trend continues: BAYC, Azuki, CloneX, Doodles & now Moonbirds separating themselves from everyone else. I’ve talked about large-caps outperforming, but it’s really the top-5 projects driving all the gains. pic.twitter.com/UsUlwHMJ9M— NFTstatistics.eth (@punk9059) April 26, 2022

“There’s clearly a trend right now that five or six of the most successful projects are sharply outperforming while the rest are flat to down,” pseudonymous NFT market analyzer NFTstatistics.eth told Cointelegraph.Related: OpenSea top-10 NFT projects soar as new liquidity enters the marketThe data from Nonfungible shows a spike on May 1 with the number of sales and active wallets that day hitting numbers not seen in their data from November 8 2021 directly correlating with the record-breaking (and Ethereum breaking) Otherside metaverse land sale by Yuga Labs again contradicting the claim that NFT sales are “flatlining.” It’s not clear why the Nonfungible data the WSJ relied on is misaligned with Dune’s data, however it could be due to the inclusion of sales volume from P2E gameAxie Infinity by Nonfungible.Volume for the popular play-to-earn hit an all-time high of over $40 million on November 4 2021 before a gradual decline to its current levels of around $500,000 according to CryptoSlam data.But the collapse in popularity of a P2E game as NFTstatistics.eth says “is an extremely different message from ‘NFTs are collapsing.’”@DJohnson_CPA suggests that AxieInfinity was so big it dominated numbers in November and has since collapsed. Seems possible. From where I sit, this is an extremely different message from “NFTs are collapsing”https://t.co/lq66GbhbAj— NFTstatistics.eth (@punk9059) May 3, 2022

While the current debate focuses on Ethereum NFTs, Solana is fast becoming a popular blockchain for this type of asset and is the second-largest blockchain behind Ethereum for NFT sales volume.Last week, the Solana NFT project Okay Bears topped OpenSea’s 24-hour sales tracker for the first time, and holds fourth place behind the Mutant Ape Yacht Club in 7 day sales volume on CryptoSlam with over $47 million worth transacted.

Čítaj viac

'Art emergency': Wikipedia editors vote against classifying NFTs as art

A group of editors on Wikipedia, the free user generated encyclopedia, have voted against classifying NFTs as a form of art and have come to a consensus to shelve the issue until a later date. A survey and debate started on the platform at the end of December revolving around the most expensive art sales by living artists and whether NFT art sales should be deemed as “art sales” or “NFT sales.” “Wikipedia really can’t be in the business of deciding what counts as art or not, which is why putting NFTs, art or not, in their own list makes things a lot simpler,” editor “jonas” wrote. Much of the discussion centered on whether an NFT represented the art or if it was simply a token that was separate to the underlying art. The editors were torn on the definitions and some felt that there was a lack of reliable information to conclude from. A call for votes found five editors opposed to including NFTs in art sales and just one in support. A consensus was made on Jan. 12 to remove sales such as Pak’s NFT collection that fetched $91 million and Beeple’s $69 million NFT from the top art sales list, and re-open the discussion at a later date.The decision seems contentious when looking at Beeple’s NFT “Everydays: The First 5000 Days” in particular, which depicts a collage of original artworks from a renowned digital artist that sold at the prestigious Christie’s art auction house last year in March. The New York Times also described Beeple as the “third highest selling artist” alive at the time. According to Wikipedia’s guidelines, neither unaminty or a vote is required to form a consensus. To reach a decision, the consensus must factor in all participating editor’s legitimate concerns that fall within the platform’s policies. What do Wikipedia editors know anyway?However, the consensus position didn’t go down well with the sole NFT supporting editor “Pmmccurdy” who argued: “How can we have a consensus when, from the start, I have argued in support of including NFTs on this list. The overwhelming evidence from secondary sources places NFT art as art and thus worthy of inclusion on this list.”“If we agree Beeple and Pak are artists, why would their sales not count on this list? I don’t understand the logic here,” they added. Editor “SiliconRed” responded that the consensus they were reading was that: “NFTs should be removed from this list for now with the intention to re-open discussion at a later date. To my understanding, this incorporates all concerns, including yours.” Related: Wiki contributors want to drop crypto donations over environmental concernsNFT proponents such as Nifty Gateway co-founder Griffin Cock Foster were irked by the issue, noting on Twitter earlier today that: “This is pretty messed up to see – Wikipedia mods are trying to say that *no* NFT can be art — as in, if it’s an NFT, it can’t be classified as art.”Foster’s twin brother Duncan also chimed in, labeling it an “Art Emergency” as he called the community into action via a post that was re-tweeted by Gemini co-founder Tyler Winklevoss. “Wikipedia works off of precedent. If NFTs are classified as ‘not art’ on this page, then they will be classified as ‘not art’ on the rest of Wikipedia. Wikipedia is the global source of truth for many around the world. The stakes couldn’t be higher!” he said Art Emergency!! There is a debate happening rn on @Wikipedia that has the potential to * officially categorize NFTs as ‘not art’ on all of Wikipedia. *Wikipedia is a global source of truth. Having NFTs categorized as ‘not art’ would be a disaster!:— Duncan Cock Foster (@DCCockFoster) January 12, 2022Everipedia, a decentralized Web3 equivalent of Wikipedia, responded to the platform by comparing its approach to NFTs and art: “Everipedia editors have created over 100 pages on #NFT collections while Wikipedia is moving to mark NFTs as “not art” across their platform. It’s time for NFT projects to move to Everipedia $IQ, a Web 3.0 encyclopedia which supports art and innovation.”This isn’t the first time Wikipedia has had issues with reporting crypto-related information. Cointelegraph reported in September 2020 that anti-crypto activist and senior Wikipedia editor David Gerard helped remove an entry relating to Australian blockchain software firm Power Ledger. Gerard stated the post was deleted on the “basis of being a pile of press-release churnalism, and the only genuine press coverage was about how Power Ledger was a scam,” despite the entry being sourced from reputable publications such as TechCrunch and The Economic Times.

Čítaj viac
Načítava

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy