Tag: nft

NFT Millionaire's Tax Dodge Exposes Crypto's Wild West

NFT Millionaire's Tax Dodge Exposes Crypto's Wild West

$3.2 million. Let that number sink in. For example, the IRS alleges that Pennsylvania’s Waylon Wilcox, 45, avoided paying over a million dollars in taxes. He racked up a huge $12.3m of profits flipping CryptoPunks, those fashionable pixelated avatars that moonwalked into the NFT-world’s collective subconscious. And he reported zero...

OpenSea's Airdrop: A Chance for Economic Justice or Just Another Game?

OpenSea's Airdrop: A Chance for Economic Justice or Just Another Game?

The SEA token airdrop. It's on everyone's lips right now. Before you dive headfirst into chasing those "point boxes" and maximizing your "loyalty score," let's take a step back. Is this actually about benefitting local community members, or is this just a really well-designed growth hack disguised as a reward...

NFT Tax Scandal: A Wake-Up Call for Crypto's Wild West?

NFT Tax Scandal: A Wake-Up Call for Crypto's Wild West?

Waylon Wilcox. Remember that name. This isn’t another clickbait, headline-grabbing, bad news story. It serves as a metaphor for all that is bad – and maybe good – about the current crypto ecosystem. Wilcox, a 45-year-old of Manheim, Pennsylvania, who just pleaded guilty. His CryptoPunks NFT trading alone allowed him...

Necaxa's NFT A Progressive Step Towards Fan-Owned Football?

Necaxa's NFT A Progressive Step Towards Fan-Owned Football?

Could one Mexican football club’s digital marketing experiment change the beautiful game as we know it? Necaxa's offering of a 1% ownership stake via NFT isn't just a headline. It's a potential earthquake shaking the foundations of sports ownership and a potential model for community wealth building.Democratizing The Owner's BoxFor...

Own a Soccer Team? Necaxa's NFT Auction Offers Real Equity

Own a Soccer Team? Necaxa's NFT Auction Offers Real Equity

Token ATH! is a huge fan of projects pushing the boundaries of blockchain technology, and this one takes the cake. Put away the idea that you merely possess a digital collectible! Club Necaxa by allowing fans the unique chance to own a piece of their club through an NFT auction....

Necaxa's NFT Ownership: Revolutionizing Sports or Just Another Crypto Fad?

Necaxa's NFT Ownership: Revolutionizing Sports or Just Another Crypto Fad?

Club Necaxa, a Liga MX Club, is selling a 1% ownership stake using NFT technology. Sounds revolutionary, right? Democratizing sports ownership, letting the new everyman suddenly have a slice of the action. Awe! Before you sprint over to OpenSea with your crypto wallet in hand, let’s pump the brakes. Is...

NFT Winter is Here: Will Regulation Save or Sink the Market?

NFT Winter is Here: Will Regulation Save or Sink the Market?

Just a year ago, the NFT market felt like a runaway freight train. It has recently taken a historic plunge, infamously dubbed the “NFT winter.” The cooling period has placed more attention on regulatory enforcement from boards and other regulating entities. We have to ask now if these regulations will...

NFT Market Feels the Squeeze Amid Regulatory Scrutiny and Tax Evasion Cases

NFT Market Feels the Squeeze Amid Regulatory Scrutiny and Tax Evasion Cases

The NFT market is currently experiencing the most significant crash to date. This decline is largely due to increased regulatory scrutiny and high-profile instances of tax evasion. This digital bear market largely masks the deeper issues plaguing the digital asset ecosystem. That said, it highlights the importance of compliance and...

Pennsylvania Man Admits to Hiding Millions in CryptoPunk NFT Sales from IRS

Pennsylvania Man Admits to Hiding Millions in CryptoPunk NFT Sales from IRS

Waylon Wilcox, a Conshohocken, Pennsylvania man, pleaded guilty to multiple counts of filing false tax returns. He neglected to report the hundreds of millions in income he made from selling CryptoPunk NFTs. Wilcox now faces the prospect of many years in a federal prison, supervised release, and up to $500,000...

NFT Sports Cards Hype or Real Value?

NFT Sports Cards Hype or Real Value?

Okay, Gen Xers, let's talk about something that probably makes half of us roll our eyes and the other half cautiously curious: NFT sports cards. Fast forward to March 2025, and you guessed it—these digital collectibles are all the rage! Panini’s similar setup with a blockchain marketplace, exclusive drops, and...