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1  Alternate cryptocurrencies / Altcoin Discussion / Re: How does owning Art Blue Print in NFT Works? on: October 04, 2024, 12:21:37 PM
Quote from: kom tralbtowvinh on October 04, 2024, 03:10:31 AM
Quote from: AltLord on June 15, 2024, 08:40:54 AM
My dilemma is what happens when an individual decides to buy the whole of one particular NFT and the fractional owners sell it to him, does he own the real-life artwork or only an NFT?

What could be the advantages of owning fraction of NFTs like these?

1. If a user buys an NFT, he will only own the rights that the NFT gives him. There is no problem with this in the digital world. For example, if you own an NFT DNS name, you can easily dispose of it. But when we talk about linking to real world items, it all depends on the custodian (usually it is centralized and requires KYC) and the regulatory system in the jurisdiction where the real item is located, for example a painting. There is always the possibility that the heirs of the copyright holder may challenge your blockchain transaction in their jurisdiction.
2. I don't see the benefits of fractional ownership other than speculative, if we are talking about first generation fractionalization protocols. But there are a lot of nuances here, refundable NFTs, NFTs via lottery and other solutions have emerged.
3. As for the comparison of fractionalization protocols, I made an overview here https://nft2.envelop.is/digest/nft-digest-39-september-2024

it was a great report! It was really interesting to read about the gaming industry
2  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] NFT2.0 aggregator on: September 25, 2024, 10:29:13 AM
This looks amazing! The concept of NFT2.0 is really intriguing, especially with the focus on dynamic NFTs. I can't wait to explore the catalog and see what innovative projects are out there.

Do you plan to add any statistics?
3  Bitcoin / Legal / Re: Economic Impact of Legalized Cryptocurrency with High Taxation on: September 16, 2024, 02:24:15 PM
Benefits:

1. Regulatory Clarity: Legalization provides clear guidelines for investors and businesses, reducing uncertainty and fostering a more stable environment for crypto activities.

2. Increased Investment: A legal framework can attract both domestic and foreign investors who are hesitant to participate in an unregulated market.

3. Tax Revenue: The government can generate significant tax revenue from crypto transactions, which can be used for public services and infrastructure.

Drawbacks:

1. High Tax Burden: A tax rate of 30-40% may deter individuals and businesses from engaging in crypto transactions, potentially limiting growth and participation in the market.

2. Complex Compliance: The requirement to comply with tax regulations can create administrative burdens for individuals and businesses, especially smaller players who may lack resources.

3. Potential for Evasion: High taxes may incentivize some individuals to evade taxes or engage in underground markets, undermining the benefits of legalization.
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