Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter

In this weeks newsletter, checked out how German flagship airline company Lufthansa uses nonfungible tokens (NFTs) to reward devoted customers and how soccer superstar Cristiano Ronaldo teased his future NFT strategies during a lie detector test. Take a look at why a law teacher thinks the metaverse should be taxed, and discover how expert system (AI) and NFTs can supply an individualized knowing experience to children. And dont forget this weeks Nifty News, featuring a Mutant Ape NFT selling for over $800,000 amidst a continuous downward price trend. Lufthansa releases NFT loyalty program on PolygonLufthansas innovation unit has actually collaborated with its regular flyer program department to release Uptrip– an NFT commitment program operating on the Polygon network. With this, faithful consumers can get benefits by turning their journeys into NFT collections. The program permits the airline companys clients to scan their boarding passes and exchange them for collectible NFTs. When completed, the NFT collections can be used to redeem rewards like lounge access and flight upgrades. Continue readingRonaldo teases NFT strategies while on a lie detector testSoccer star Cristiano Ronaldo was provided a lie detector test to commemorate the release of his second NFT collection in July. While the professional athlete was on the lie detector, he stated he would launch more NFTs in the future. The test verified that he was being sincere. When asked if he owns any NFTs, the soccer player answered “yes” again, with the test validating his response again. In 2022, Ronaldo signed a multiyear partnership with crypto exchange Binances NFT unit. The collaboration aims to present Web3 innovations to soccer fans around the world through NFTs. Continue readingFailure to tax the metaverse will develop a tax haven– Harvard legal expertLaw professor Christine Kim released a paper that presented arguments on taxing the metaverse. According to Kim, the metaverse must be managed under the tax code. Kim argued that failure to tax it will turn it into a “tax sanctuary.” The teacher likewise highlighted several tax-related propositions. Amongst these, Kim proposed that taxation needs to occur immediately upon receiving gains, that includes latent gains and income. Continue readingAnimoca subsidiary builds AI and NFT tools for educatorsEducation-focused tech platform TinyTap has actually announced the integration of NFT and AI tools for educators and parents. According to the announcement, AI combination will enable the platforms users to create academic games using a topical timely. After setting the timely, the AI will create the game within minutes. According to TinyTap CEO Yogev Shelly, the tools will assist speed up content production and gain access to, which might let instructors and parents offer personalized learning experiences to children. Continue readingNifty News: Adidas reveals resident Web3 artists, Mutant Ape sells for 500 ETH and moreNFT company Yuga Labs has announced that it will launch its metaverse game Legends of the Mara later in September. A Mutant Ape was sold for over $800,000 despite the downward pattern in the NFT market. Continue readingCHECK OUT COINTELEGRAPHS NFT STEEZ PODCASTThanks for reading this absorb of the weeks most significant developments in the NFT space. Come once again next Wednesday for more reports and insights into this actively developing area.

Lufthansa launches NFT commitment program on PolygonLufthansas development unit has collaborated with its frequent flyer program department to introduce Uptrip– an NFT commitment program operating on the Polygon network. Continue readingRonaldo teases NFT plans while on a lie detector testSoccer star Cristiano Ronaldo was given a lie detector test to commemorate the release of his second NFT collection in July. Continue readingAnimoca subsidiary develops AI and NFT tools for educatorsEducation-focused tech platform TinyTap has revealed the integration of NFT and AI tools for teachers and moms and dads. Continue readingCHECK OUT COINTELEGRAPHS NFT STEEZ PODCASTThanks for reading this digest of the weeks most noteworthy developments in the NFT area.