16/02/2022 UK makes first seizure of NFTs in tax crackdown
LondonâBritish tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money.
Her Majesty's Revenue & Customs seized three NFTs after investigating an attempt to defraud the public coffers of 1.4 million pounds ($1.9 million).
Around 5,000 pounds worth of other crypto assets were also seized.
The probe also led to the arrest of three people for alleged value added tax repayment fraud involving 250 fake companies.
Nick Sharp, deputy director economic crime at HMRC, said the seizures of the NFTs, which had not yet been valued, served as a warning to anyone who thought they could use crypto assets to hide money.
"We constantly adapt to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets," he said in a statement.
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NFTs are a from of crypto asset that uses blockchain to record the ownership status of digital files such as images, videos and even items within online games.
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https://edition.cnn.com/2022/02/14/tech/uk-nft-seizure/index.html
Interesting NFTs
#85699
By
OthersideDeployer
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the ownerâs Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) âKim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. âEveryone should install an LED wall in their house for NFT art.â says the artist. â This is the future, and Mars House demonstrates the beauty of that possibility.â The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
Fidenza #529
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Large, Turbulence:Med, Colors:Luxe-Derived, Have Margin:Yes, Spiral:No, Soft Shapes:Yes, Super Blocks:No, Collision Check:No Overlap, Outlined:No, Shape Angles:Curved, Density:Medium
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win)
This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win.
PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I donât want you coming back to me bitching that you spent $2M* on this and now itâs a video of orangeman going HAM and itâs keeping u up at night popping mad boners. should have voted bruh.
*and stfu that this isnât gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
Crazy Stairs
Yo! I'm Crazy Stairs. My friends describe me as gorgeous and wondrous. Some people say I'm the Homer Simpson of the group. Maybe you and I can be partners in crime.