Sunday, August 14

2021 ends with a question: Are the NFTs here to stay? By CoinTelegraph

© Reuters. 2021 ends with a question: Are the NFTs here to stay?

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and public accountant, covers the intersection between emerging technologies and sustainability, and provides the latest news on taxes, AML / CFT regulations and the legal issues that affect to cryptocurrencies and blockchain.

On November 14, the Tezos-based non-fungible token market (NFT), Hic Et Nunc – which is Latin for “here and now” – abruptly closed. Artists were concerned about their NFTs on display at the Hermitage Museum’s first NFT exhibit, “Ethereal Aether” (Nov 10-Dec 10), as well as Art Basel Miami’s first NFT exhibit, “Humans + Machines : NFTs and the Ever-Evolving World of Art “(December 2-4).

Diane Drubay, founder of We Are Museums and NFT minister at Hic Et Nunc – who curated a panel discussion at Art Basel Miami – explained to me: “Of course, the closure of Hic et Nunc was a shock, but people took it right away. as a new step on their way. Because when the website closed, our NFTs were kept on the chain, nothing was lost and the artists were able to continue making a living with their NFTs. We saw mirrors or new versions of HicEtNunc being opened. art just hours later, which provided the necessary backing for artists to keep buying and selling, exhibiting NFT. ” He also added:

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