Propy, a real estate blockchain company, sold its first property in the United States on February 8.
The post Propy’s sale of NFT-tied Florida home nets over $650K appeared first on The Block.
Quick Take
- A growing number of organizations are using NFTs to raise funds for charitable organizations.
- Here’s how and why charities and artists have taken to using crypto art for good.
Bloomberg reported late Friday that the crypto lending platform BlockFi will pay $100 million to settle investigations into its interest-generating accounts.
The post BlockFi faces $100 million in penalties over crypto interest accounts: report appeared first on The Block.
Quick Take
- This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds
- In reaction to the preceding euphoria, the overall NFT market has witnessed a subsiding boom as trading activity has slightly waned across the board
- A flurry of events have accentuated the tribal nature of avatar collections, with owners pledging allegiance to their respective communities
“Persons who are just validating transactions through a consensus mechanism are not likely to know whether a transaction is part of a sale,” according to the Treasury.
The post US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers appeared first on The Block.
The planned 2022 launch of the digital Jamaican dollar comes after a 2021 pilot, which the prime minister said was a success.
The post Jamaica is on track to roll out a digital currency in 2022 appeared first on The Block.
Users accused the WWF UK of “greenwashing” and harming endangered animals through their conservation-focused NFT drop.
The post World Wildlife Fund pulls conservation-focused NFT project after backlash appeared first on The Block.
Quick Take
- Ethereum has developed a vast but fragmented layer 2 environment. Rollup to rollup bridges are being used to connect different L2 platforms.
- Hop Exchange can Celer’s cBridge are two projects which can transfer assets from L2 to L2.
- Traction for these bridges is growing, but it is still small compared to to the rest of the ecosystem.
Oz’s trademarks suggests the Turkish-American television host and Senate candidate is interested in capturing health and lifestyle markets in the metaverse.
The post Dr. Oz files trademarks for kitchen appliances, diet classes and other digital goods and services in the metaverse appeared first on The Block.
The chief executive of rideshare company Uber said Friday that the firm “absolutely” will accept crypto in the future, but prefaced those remarks by saying such a move would only happen under particular conditions.
The post Uber CEO says rideshare company will accept crypto ‘at some point,’ cites transaction costs and environmental concerns appeared first on The Block.
