Well, Congress just repealed a problematic crypto tax regulation. The knee-jerk reaction? Outrage. The headlines have been screaming about a $4.5 billion revenue loss over the next ten years. Accusations fly about pandering to the wealthy. But hey, let’s hit the brakes for a moment. What if this isn’t merely...
Waylon Wilcoxface, 45 of Pennsylvania, is in trouble. He claimed to have avoided more than $3.2 million in taxes by not reporting his CryptoPunks NFT sales. What’s more, he raked in an eye-popping $12.3 million selling digital avatars. Instead, he indicated zero income from virtual assets across the board. Zero!...
The CloneX incident – art disappearing as a result of a Cloudflare terms of service infringement – was not an isolated occurrence. It’s a very loud and very bright neon sign blinking directly at all the very real cracks in the foundation of our NFT infrastructure. Let's be blunt: it...
Who could forget when Web3 was going to free us as digital entrepreneurs and disintermediate everything? Decentralization! Ownership! Freedom from the clutches of Big Tech! Yeah, about that…For example, just last week, Cloudflare blocked access to RTFKT’s CloneX NFT artwork. This move dramatically exposes the emperor’s lack of raiment. Or,...
I think of Sarah, a smart, young, dynamic college student that I met just a few months ago. For one, predatory banking fees were sucking her single dollar at a time. Already feeling totally shut out from significant investment opportunities, she felt the weight of the world on her chest....
Mahomes launching "The Museum of Mahomes"? It's got my attention, but as someone who's seen trends come and go, I'm asking: is this a touchdown or an interception?NFT Craze: The New Beanie Babies?Let’s face it, the NFT marketplace hardly resembles old-school technology innovation and more closely resembles the dot-com bubble...
Patrick Mahomes. The name itself evokes an entire mythology of no-look passes, Super Bowl championships and a seemingly infinite reservoir of charm. He's a cultural icon. Now, he's stepping into the world of NFTs with "The Museum of Mahomes," and while the ambition is clear, I can't help but wonder...
Is this really different this time? I've seen crypto winters colder than a polar bear's toenails, and springs that promised the moon only to deliver…dust. That’s why I can’t help be skeptical about a $31 million presale. This is especially the case as just a few weeks ago, many were...
The CloneX debacle is more than just busted JPEGs. It underscores some of the most egregious flaws of the NFT world. We've been so busy chasing the next big drop, the next Bored Ape, that we've ignored the rotting infrastructure beneath our feet. The truth is, the emperor has no...
I think of Sarah, the single mother I met on a chat board. She poured her stimulus check into a CloneX NFT, believing the hype, the promises of a digital future where she could build wealth for her daughter. To her, it was a lifeline, an opportunity to break free...