What is NFT under Income-tax Act and how they are taxedThe Government of India amended the Income-tax Act, 1961, to tax and regulated the incomes and profits under from various virtual digital a...
29 Nov, 2022, 11.38 AM IST
NFT startups shun Apple App Store due to high commission, tough rulesNon-fungible token (NFT) trading startups do not want to sell their offerings through Apple App Store because 30 per cent commission on in-...
25 Sep, 2022, 01.07 PM IST
Top 10 NFT Marketplaces To Look Out For – August 202223 Aug, 2022, 12.35 PM IST
What is an NFT? How does it work?NFT, known as non-fungible tokens (NFTs), these cryptographic assets are based on blockchain technology and have unique identification code...
03 Jun, 2022, 04.57 PM IST
NFTs baked the best in 2021 on various parameters: Chainalysis ReportAccording to the data from a Chainalysis report, the value and average transaction size increased in 2021, suggesting that NFTs as an asset...
30 May, 2022, 09.19 PM IST
As NFT prices drop, taxman could come knockingThe tax department is sure to question the sharp drop in the valuation of these virtual digital assets, tax experts said. The department wo...
01 May, 2022, 06.01 AM IST
Trace Network launches Buddy to mind your metaverse doppelgangerThese avatars can be minted using the Polygon blockchain, which are quite eco-friendly with negligible 'gas fee' The gas fee is the transac...
29 Apr, 2022, 07.29 PM IST
After cryptocurrencies, money laundering via NFTs next big worry: reportAccording to a report by Blockchain data platform Chainalysis, they found a small but growing portion of activity on NFT marketplaces that ...
03 Feb, 2022, 05.44 PM IST
NFT sales hit $25 billion in 2021, but growth shows signs of slowingWhile the most expensive known NFT sale was $69.3 million, a common price range was $100 to $1,000, NonFungible.com said.
11 Jan, 2022, 11.06 AM IST
NFT sales hit $25 billion in 2021, but growth shows signs of slowingPrices of some non-fungible tokens, crypto assets representing a digital item such as an image, video, or even land in virtual worlds, rose...
11 Jan, 2022, 08.01 AM IST
NFTs both an investment & means to authenticate digital works: Arun Pandey, BeyondLife.ClubQ&A with Arun Pandey, co-founder BeyondLife.Club, India’s first NFT platform
31 Oct, 2021, 02.47 PM IST
NFT sales surge to $10.7 bn in Q3 as crypto asset frenzy hits new highsNFTs use blockchain to record the ownership of digital items such as images, videos, collectibles and even land in virtual worlds.
05 Oct, 2021, 10.09 PM IST
NFT sales surge to $10.7 billion in Q3 as crypto asset frenzy hits new highsSurging sales and hefty prices on NFTs—items which do not physically exist—have baffled many but the explosive growth shows no sign of abat...
05 Oct, 2021, 09.05 AM IST
Double tax for NFTs: Deals may attract GST, equalisation levyThis would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation lev...
17 Aug, 2021, 08.03 AM IST
Auction houses want to be part of the latest trend in art world; Sotheby's & Phillips join NFT crazeMore than $10 million in NFT transactions are now taking place daily.
14 Apr, 2021, 10.07 AM IST
The status and future of NFTs and crypto art in IndiaNon-fungible tokens, or NFTs, are another example of the type of innovation crypto-assets and public blockchains can lead to, in this case,...
08 Apr, 2021, 05.57 PM IST
Crypto exchange WazirX launches an NFT marketplace for Indian artistsIndian creators can now place their digital assets for auction over the blockchain-based NFT marketplace and earn royalty thereafter.
05 Apr, 2021, 12.26 PM IST