Tag: NFTs

Kakao to Record Private Securities on Its Own Blockchain as NFTs
Crypto News

Kakao to Record Private Securities on Its Own Blockchain as NFTs

South Korean internet giant Kakao’s blockchain arm Ground X is now storing and verifying unlisted investments as nonfungible tokens (NFTs) on its public blockchain.Unlisted investments are shares of startups that are offered to investors for purchase prior to a public offering. Since these securities are not listed on formal markets, they are traded over the counter (OTC).South Korea’s OTC trading market is growing: the country’s OTC exchange K-OTC ended 2020 with a record-high market capitalization of over 1 trillion won ($1.1 billion) since its launch in 2014. Foreign investors can also buy and trade OTC shares in South Korea. In 2018, South Korea amended its tax laws to exempt foreign investors from capital gains taxes on transfers of both listed and unlisted stocks.Gr...
Rare Hashmasks Digital Artwork Sells for $650K in Ether
Crypto News

Rare Hashmasks Digital Artwork Sells for $650K in Ether

A demonic digital artwork on the Ethereum blockchain has been sold for a small fortune via peer-to-peer marketplace OpenSea.Selling for 420 ETH (roughly $650,000 at the time of purchase on Wednesday), the collectible non-fungible token (NFT)-based artwork is known as a Hashmask.The buyer, @seedphrase on Twitter, posted:The Hashmask platform, from Switzerland-based Suum Cuique Labs, hosts a collection of 16,384 unique digital portraits created by a collective of over 70 artists, according to the its website.“The mask itself is a unique, one-of-a-kind design, and the mystical attributes – character, eye color and skin color -are present in only 0.07% of all Hashmasks,” the artwork’s buyer, Danny – who preferred to not to provide a surname – told CoinDesk via email....