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Line Goes Up – The Problem With NFTs is a 2022 documentary film written and directed by Canadian YouTuber and video essayist Dan Olson on non-fungible tokens (NFTs), cryptocurrencies, and Web3. The video was published to his YouTube channel Folding Ideas on January 21, 2022.
Non-fungible tokens (NFTs) worth $100.6 million were reported stolen in the 12 months to July 2022, according to a new report by blockchain analytics firm Elliptic.
In the first three months of 2021, NFTs worth US$200 million were traded. [3] One of the earliest NFT projects, CryptoPunks, [4] has provided several of the most expensive NFTs. [5] There were some NFT-like projects or "proto NFTs" that pre-date CryptoPunks; Rare Pepes, for example, was released on Counterparty in 2014. [citation needed]
By February 2021, NFTs accounted for US$25 million of revenue generated through the sale of artwork and songs as NFTs. [106] On February 28, 2021, electronic dance musician 3lau sold a collection of 33 NFTs for a total of US$ 11.7 million to commemorate the three-year anniversary of his Ultraviolet album.
If you had invested in Donald Trump NFTs, they would currently be worth around $1,948.30. The Trump NFT price will vary depending on market performance but here are some current statistics to know:
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As a result, four Bored Ape NFTs, along with ten more from related collections by Yuga Labs, were stolen with a total estimated worth of approximately $3 million. [28] $1 million worth of funds were transferred into the hacker's account. [23] On April 30, 2022, Yuga Labs launched its metaverse Otherside, as a collaboration with Animoca Brands.
For example, imagine you purchased Ethereum for $1,000 and then spent it on NFTs worth $3,000, you’ve created a tax liability and you’ll owe tax on that transaction. (You could also create a ...