En Eff Tee News – July 24, 2023

Here is some of what’s inside today’s curated NFT news collection:

Citizen Conflict, BTC ordinals sales drop, ShapeShift and Merkle, Phygital Vault, NFT taxes, and The Sandbox.

๐ŸŽฎ Hero Shooter Citizen Conflict Empowers Players with Free NFT Avatars: The gaming world is getting a taste of the crypto revolution. Citizen Conflict, a new hero shooter game, is giving its players free NFT avatars. The game is set in a dystopian future where players can choose from a variety of characters, each with unique abilities and weapons. The NFT avatars are not just for show, they also provide in-game advantages, making them a valuable asset for players.

๐Ÿ“‰ Bitcoin NFT Sales Drop Amid Stagnant Fees: The NFT market is experiencing a slowdown. Bitcoin NFT sales have dropped, and the number of ordinal inscriptions is approaching 19 million. Despite the stagnant fees, the market is still active, but the decrease in sales indicates a possible shift in the market dynamics.

๐Ÿš€ ShapeShift and Merkle Collaborate to Launch Free Platform for DeFi: ShapeShift and Merkle have joined forces to launch a free platform for decentralized finance (DeFi). The platform aims to make DeFi more accessible to users by providing a user-friendly interface and a secure environment for transactions. This collaboration is a significant step towards the mainstream adoption of DeFi.

๐Ÿ” Americana Opens Its ‘Phygital’ Vault Service to the Public: Americana, a vaulting platform backed by OpenSea and 776, is opening its doors to the public. The platform allows securely vaulted physical assets to be digitally exhibited, shared, and traded. From vintage cars to fine art, Americana can vault a wide range of collectibles, providing a unique blend of physical security and digital convenience.

๐Ÿ’ฐ Regulating Crypto: NFT Sales Taxes Looming: The taxman is coming for NFTs. Sales of non-fungible tokens are taking place across jurisdictions, and tax authorities are starting to take notice. Already, 31 states apply sales and use tax to digital goods in a way that likely includes NFTs. This could be a ticking time bomb for the NFT market, as few people are considering the sales tax implications of NFT transactions.

๐ŸŽจ The Sandbox Embraces User-Created Content: The Sandbox, a popular metaverse platform, is opening its doors to user-created content. By the end of 2023, users will be able to host and run their own experiences within The Sandbox. This move is a significant step towards fulfilling the platform’s vision of empowering the public with creative freedom.

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En Eff Tee News – July 17, 2023

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