{"id":489741,"date":"2022-09-02T16:42:53","date_gmt":"2022-09-02T13:42:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/"},"modified":"2022-09-02T16:42:53","modified_gmt":"2022-09-02T13:42:53","slug":"crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/","title":{"rendered":"#Crazy outcomes when current laws applied to NFTs and the metaverse"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34cc1404569\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34cc1404569\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#%E2%80%9CCrazy_outcomes_when_current_laws_applied_to_NFTs_and_the_metaverse%E2%80%9D\" >&#8220;Crazy outcomes when current laws applied to NFTs and the metaverse&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Securities_regulations\" >Securities regulations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it\" >Billions are spent marketing crypto to sports fans  Is it worth it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#DeFi_vs_CeFi_Decentralization_for_the_win\" >DeFi vs. CeFi: Decentralization for the win?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield\" >Fake employees and social attacks: Crypto recruiting is a minefield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#How_to_bake_your_own_DAO_at_home_With_just_5_ingredients\" >How to bake your own DAO at home  With just 5 ingredients!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood\" >NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Yes_We_have_no_bananas\" >Yes! We have no bananas<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Taxation_quagmire\" >Taxation quagmire<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it-2\" >Billions are spent marketing crypto to sports fans  Is it worth it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#DeFi_vs_CeFi_Decentralization_for_the_win-2\" >DeFi vs. CeFi: Decentralization for the win?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield-2\" >Fake employees and social attacks: Crypto recruiting is a minefield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#How_to_bake_your_own_DAO_at_home_With_just_5_ingredients-2\" >How to bake your own DAO at home  With just 5 ingredients!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood-2\" >NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Wealth_taxes_for_NFT_collectors\" >Wealth taxes for NFT collectors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Loot_boxes_and_gambling\" >Loot boxes and gambling<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it-3\" >Billions are spent marketing crypto to sports fans  Is it worth it?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#DeFi_vs_CeFi_Decentralization_for_the_win-3\" >DeFi vs. CeFi: Decentralization for the win?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield-3\" >Fake employees and social attacks: Crypto recruiting is a minefield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#How_to_bake_your_own_DAO_at_home_With_just_5_ingredients-3\" >How to bake your own DAO at home  With just 5 ingredients!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/buradabiliyorum.com\/en\/crazy-outcomes-when-current-laws-applied-to-nfts-and-the-metaverse\/#NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood-3\" >NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCrazy_outcomes_when_current_laws_applied_to_NFTs_and_the_metaverse%E2%80%9D\"><\/span>&#8220;Crazy outcomes when current laws applied to NFTs and the metaverse&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-legal-absurdities.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;b&gt;NFTs can now serve as court documents but they might also be unregistered securities, illegal loot boxes, or come with impossible tax demands.&lt;\/b&gt;\n<\/code><\/pre>\n<p>Nonfungible tokens (NFTs) are thought of by most people as just funny pictures that degens on the internet spend far too much money on for poorly understood reasons. But Jason Corbett, managing partner of global blockchain law firm Silk Legal, says new and innovative use cases are beginning to emerge.<\/p>\n<p><span style=\"font-weight: 400\">Weve seen recently the courts allowing the serving of court documents by way of an NFT, Corbett says, referring to a recent <\/span><span style=\"font-weight: 400\">decision<\/span><span style=\"font-weight: 400\"> by a United Kingdom court to allow notice of the case to be served by airdropping court documents as NFTs to wallets allegedly stolen from the claimant.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13274\" aria-describedby=\"caption-attachment-13274\" style=\"width: 601px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-13274\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-legal-absurdities.jpg\" alt=\"Legal absurdities\" width=\"601\" height=\"338\" \/><figcaption id=\"caption-attachment-13274\" class=\"wp-caption-text\"><em>A bunch of legal absurdities occurs when you <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly existing laws to NFTs and the metaverse.<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">This changes our conception of what NFTs are and what rights and responsibilities come with them. Following this precedent, the sending of NFTs can be understood as a type of electronic communication, with the caveat that it is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly public. The sending of NFTs is more comparable to attaching posters to the outer wall of ones house versus discreetly sliding them into the mailbox.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comparison to publicly visible posters begs the question of whether this means that individuals controlling blockchain wallets hold responsibility for the NFTs they hold, in the same way as a homeowner would ultimately be responsible for removing obscene or otherwise illegal posters on their property, even if placed there against their will.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Does this mean that, for example, the owners of wallets may in the future be responsible for monitoring them for any type of illegal content sent to them, and act quickly to dispose of them in some manner? Thats just scratching the surface.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Metaverse Law MA thesis \u201cENCODED TERRITORY: The Blockchain-based Metaverse as a Special Environment of International Law\u201d argues that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#Metaverse<\/a> influences the balance of global power &amp; demands special legal treatment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/UniTurkuLaw?ref_src=twsrc%5Etfw\">@UniTurkuLaw<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/UniTurku?ref_src=twsrc%5Etfw\">@UniTurku<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTs<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BlockchainGaming?src=hash&amp;ref_src=twsrc%5Etfw\">#BlockchainGaming<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptolaw?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptolaw<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/GSvghv6Xoy\">pic.twitter.com\/GSvghv6Xoy<\/a><\/p>\n<p> Elias Ahonen.eth (@eahonen) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/eahonen\/status\/1535595134691291138?ref_src=twsrc%5Etfw\">June 11, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">The blockchain Metaverse presents challenges to the international order due to the limited ability of states generally to intervene in metaverse-based actions, I wrote in my Masters in International &amp; Comparative Law <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/urn.fi\/URN:NBN:fi-fe2022051836597\"><span style=\"font-weight: 400\">thesis<\/span><\/a><span style=\"font-weight: 400\">, <\/span><span style=\"font-weight: 400\">The Blockchain-based Metaverse as a Special Environment of International Law<\/span><span style=\"font-weight: 400\">. One fascinating, and perhaps off-putting, matter that has continued to come up in my research is the lack of clarity and, at times, the absurdity of earthly legal matters when applied in, and to, the metaverse.<\/span><\/p>\n<p><span style=\"font-weight: 400\">NFTs and cryptocurrencies are a good place to begin exploring the subject, seeing they are effectively the building blocks and lifeblood of the metaverse. Both are, of course, tokens  one being nonfungible in the sense that they are unique items, with the other being fungible energy with which the metaverse operates. By metaverse, we of course refer to the blockchain-based version of it, not some corporate-controlled Fortnite version.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Securities_regulations\"><\/span>Securities regulations<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">A variety of cryptocurrencies, often known as tokens or coins, began to appear in 2011 as theoretical alternatives to Bitcoin. Growing in prominence, they had their day in the spotlight during the initial coin offering (ICO) boom of 2017, during which hundreds of projects attempted to raise money by issuing tokens to investors.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_63120c6363456    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto and sports\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it\"><\/span>Billions are spent marketing crypto to sports fans  Is it worth it?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 29, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Defi vs CeFi\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"DeFi_vs_CeFi_Decentralization_for_the_win\"><\/span>DeFi vs. CeFi: Decentralization for the win?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 25, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3 recruiting\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield\"><\/span>Fake employees and social attacks: Crypto recruiting is a minefield<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 19, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bake your own DAO\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"How_to_bake_your_own_DAO_at_home_With_just_5_ingredients\"><\/span>How to bake your own DAO at home  With just 5 ingredients!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 9, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood\"><\/span>NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 3, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">When hundreds of millions of dollars are being raised in an entirely new way, its not surprising that potential legal concerns are lurking around the corner. This was certainly the case with ICOs, which regularly ran afoul of securities laws and the related accredited investor laws, says Randall Johnson, a United States lawyer with 30 years of experience specializing in securities regulations and who advises various blockchain projects.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">What will be the law of the metaverse? . The legal and ethical dilemmas plaguing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> today will only grow more acute in the metaverse, writes Brian Harley. How will real-world laws apply?<\/p>\n<p> Nathan (@shanzi73338680) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/shanzi73338680\/status\/1563898012065501184?ref_src=twsrc%5Etfw\">August 28, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">He explains that one of the key questions around whether a token can be classified as a security is whether the general public would think it is an investment. This means that white papers or presentations that boast that tokens are already on exchanges or, worse, openly describe them as good investments and use to the moon style boosterism, are painting targets on their backs. Another factor that almost always makes a token a security is if it operates like a dividend-paying share in a company, he explains.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">A large part of regulator analysis on whether a token might be a security has to do with how it is advertised and promoted.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">But how is the financial regulation of cryptocurrencies related to the metaverse and NFTs? Its because NFTs are tokens just the same, and serious questions could arise regarding their status as securities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">What some may view as art might look like little more than stock certificates emblazoned with digitally generated monkey pictures to regulators. Indeed, Johnson himself is co-founder of <\/span><span style=\"font-weight: 400\">LiquidEarth<\/span><span style=\"font-weight: 400\">, a platform that is turning title deeds into income-producing real estate from around the world into NFTs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">His companies do not fractionalize the deeds because then the NFT is by definition a security, he asserts. The long-term goal is to create a global real estate exchange where one could seamlessly invest across borders, with the actual deeds held in trust.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13229\" aria-describedby=\"caption-attachment-13229\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-13229 size-full\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/1-2.png\" alt=\"Find your house.Make it an NFT\" width=\"600\" height=\"241\" \/><figcaption id=\"caption-attachment-13229\" class=\"wp-caption-text\"><em>A non-fractionalized real estate NFT seems to steer clear of securities regulations. Source: LiquidEarth<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">James Woolley, chief marketing officer of <\/span><span style=\"font-weight: 400\">Metavest Capital<\/span><span style=\"font-weight: 400\">, agrees that while most NFTs do not resemble securities, others are likely to get caught in regulators nets.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">There are variations of NFTs that will struggle to pass the Howey Test  fractionalized NFTs where there is a lead role played by a marketplace or exchange will likely be more formally regulated by the Securities and Exchange Commission.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Woolley also mentions worrying speculation that the SEC under Gary Gensler, which has remained tight-lipped on the issue beyond declaring Bitcoin a commodity, has its aims on declaring all other fungible and nonfungible tokens as securities  a move that would do untold damage to the industry.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other experts worry that Web3 innovation has left appropriate regulations far behind.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Regulatory authorities worldwide are failing to keep up with the rapid technology developments in the Web3 and the metaverse space, concludes Irina Heaver, partner of <\/span><span style=\"font-weight: 400\">Keystone Law <\/span><span style=\"font-weight: 400\">specializing in blockchain industry and general partner of VC investment firm <\/span><span style=\"font-weight: 400\">Ikigai Ventures<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13231\" aria-describedby=\"caption-attachment-13231\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-13231 size-full\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/2.jpeg\" alt=\"WOW Summit\" width=\"600\" height=\"402\" \/><figcaption id=\"caption-attachment-13231\" class=\"wp-caption-text\"><em>Irina Heaver, (2nd from right) on a metaverse panel moderated by Elias Ahonen (left) in Dubai. Source: WOW Summit<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">In her work, Heaver describes regularly hearing concerns from regulators because innovative new crypto business models inadvertently trigger existing regulations concerning banking, lending, capital formation and other activities which were traditionally the domain of large players, such as banks.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Developers can code faster than any regulator can regulate.<\/span><\/p>\n<\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Yes_We_have_no_bananas\"><\/span>Yes! We have no bananas<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">One example of possible triggering of securities regulations may be found in yield-bearing NFTs. Take for example CyberKongz, sometimes credited as the first NFT monkey collection, whose 999 Genesis Kongz yields 10 $BANANA a day, according to the site, in reference to the projects <\/span><span style=\"font-weight: 400\">cryptocurrency<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the projects height, this meant that each monkey-holder earned the equivalent of over $700 per week. In this case, would it not be unreasonable for a regulator to consider each CyberKongz NFT the equivalent of a class-A share paying daily dividends on the project? Its still a gray area, but the possibility is not entirely closed off.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13232\" aria-describedby=\"caption-attachment-13232\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-13232 size-full\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/3-2.png\" alt=\"Everything Banana\" width=\"600\" height=\"238\" \/><figcaption id=\"caption-attachment-13232\" class=\"wp-caption-text\"><em>You may owe the government 30% of your bananas. Source: CyberKongz<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">If such a precedent is established, it could open a Pandoras Box regarding what the extent of securities regulations could be.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Suppose an artist creates an NFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> titled An Artists Share whose 100 unique works are then included in smart contracts designed to automatically pay the owner of each Artists Share a 0.1% payout of the given artists gross revenue from minting and royalties. Would this be a mere NFT, or would it be a security? According to Johnsons definition, it would seem to fit the bill. Could simple airdrops of new art to existing collectors also fit the bill?<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Taxation_quagmire\"><\/span>Taxation quagmire<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Even where NFTs may not be securities, there are serious uncertainties regarding how and on what basis they can be taxed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consider a hypothetical blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>, where a player can begin playing for a small cost of $20. With time, however, the theoretical value of their in-game items (NFTs) may grow. Does the mere playing of a metaverse game thus entail potentially hundreds of taxable events per day, leaving an unsuspecting player on the hook for preparing tax returns comparable to those of a medium business in complexity?<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13233\" aria-describedby=\"caption-attachment-13233\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-13233 size-full\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/4.jpeg\" alt=\"Taxes\" width=\"600\" height=\"400\" \/><figcaption id=\"caption-attachment-13233\" class=\"wp-caption-text\"><em>Taxes are already a major headache for NFT and crypto owners due to vaguely applicable rules. Source: Pexels<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">An example of this can easily be found with Axie Infinity, which, at least until recently, had a massive player base in the Philippines. Mark Gorriceta, managing partner at Filipino law firm Gorriceta Africa Cauton &amp; Saavedra, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/law.asia\/nft-regulations-philippines\/\"><span style=\"font-weight: 400\">said <\/span><\/a><span style=\"font-weight: 400\">that in the country, NFTs have become mainstream due to the rise of play-to-earn games like Axie Infinity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cointelegraph previously <\/span><span style=\"font-weight: 400\">reported<\/span><span style=\"font-weight: 400\"> on the countrys Finance Undersecretary Antonette Tionko commenting regarding the play-to-earn model that whoever earns currency from it, its income you should report it. However, this seemed to only refer to the act of actually selling in-game assets (NFTs) or in-game points (SLP and AXS tokens) for fiat currency or other tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400\">What is left unclear is what happens if a player, for example, finds a rare in-game item whose external market value is $100,000. If they simply elect to use this item in a game, will simply having the rare item come into possession be seen as a capital gain?<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_63120c6367387    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto and sports\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it-2\"><\/span>Billions are spent marketing crypto to sports fans  Is it worth it?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 29, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Defi vs CeFi\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"DeFi_vs_CeFi_Decentralization_for_the_win-2\"><\/span>DeFi vs. CeFi: Decentralization for the win?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 25, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3 recruiting\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield-2\"><\/span>Fake employees and social attacks: Crypto recruiting is a minefield<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 19, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bake your own DAO\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"How_to_bake_your_own_DAO_at_home_With_just_5_ingredients-2\"><\/span>How to bake your own DAO at home  With just 5 ingredients!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 9, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood-2\"><\/span>NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 3, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">If not, would the situation change if they trade, exchange or somehow convert the item into something else within the game  such as using a magic metaverse log valued at $100,000 to manufacture in-game planks with which to build an in-game house to boost the characters in-game building score? Just how many taxable events could an in-game activity like this entail?<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consider a real-world example of finding a gold bar while walking on a beach  in some tax systems, you might be forced to pay tax on it that year, potentially meaning that the bar needs to be sold in order to raise the money necessary to pay taxes. Even in jurisdictions where no taxes are owed because simply keeping the gold bar results in no realized gains, things generally change as soon as the bar is bartered for a new car or luxury watch, even if no fiat money was involved. Even personally smelting the bar into personal-use jewelry could spark a taxable event.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This, of course, opens a new can of worms entirely  tax authorities would need a system by which to actively evaluate the market value of various, often unique NFTs. Perhaps NFT appraisers will be one of the new metaverse jobs accounting firms around the world will soon be hiring for.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Wealth_taxes_for_NFT_collectors\"><\/span>Wealth taxes for NFT collectors?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Speaking of the market value of NFTs, questions arise regarding various forms of wealth tax that are present in various European countries, such as Norway, where residents must annually pay 0.85% of the value of their net worth exceeding $170,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This means that each year, Norwegians should estimate the total value of their NFTs, whether game items, art, metaverse real estate, ENS domain names, or good old monkey pictures. While a floor-level Bored Ape Yacht Club NFT worth $100,000 would incur $850 in annual taxes, how much does the owner of a monkey with rare features like laser eyes or gold skin need to dish out? What about subjectively desirable numbers such as Monkey #8888 or #69420? No one knows, but the Norwegian tax office will expect their due regardless.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_13234\" aria-describedby=\"caption-attachment-13234\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-13234 size-full\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/5-2.png\" alt=\"Bored Apes\" width=\"600\" height=\"242\" \/><figcaption id=\"caption-attachment-13234\" class=\"wp-caption-text\"><em>These last sale prices are one way to estimate NFT value, meaning these owners could owe big ETH to the tax man depending on where they live. Source: OpenSea<\/em><\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Continuing with the Axie Infinity example, the metaverses mode of operation introduces certain territorial absurdities when it comes to taxation. For example, the Philippines has territorial taxation, which means that, for example, an Australian citizen living in the country would need to pay taxes only on income they earn from the Philippines, while income from elsewhere remains effectively tax-free.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This means that the hypothetical Australian playing Axie Infinity in the Philippines would need to know the tax residency of every person they are selling their NFTs to, especially considering such a large portion of the player base is indeed within the country.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Determining the tax residency of NFT buyers is, of course, not practically possible in the open and decentralized markets as they exist today. This may become a serious issue in the future, for example, with countries that charge sales tax when goods or services are sold within the country.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, in Australia, there are certain circumstances in which NFT owners may need to pay a 10% Goods and Services Tax<\/span><span style=\"font-weight: 400\">, depending on if its a Personal Use Asset, a Capital Asset of a business or used as a part of a business.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Though things are still at their early stages, Corbett says that in a few years, tax systems will be reading whats happening on blockchain, referring to advanced versions of tools, such as token.tax, which will be used by both individuals and regulators. The surveillance of exchanges that serve as on- and -off ramps for fiat will also increase, allowing the tax man to uncover positions.<\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Tax authorities will start kind of cobbling together what the taxable crypto positions of nationals are.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Is it possible they will start combing through those immutable records back to today and apply laws and taxes retroactively to current NFT owners? Will there be a new generation of prison gangs forming around NFT affiliations  Apes Anonymous, anyone?<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In the upcoming FLIP Buzzwords webcast, we explore how the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/metaverse?src=hash&amp;ref_src=twsrc%5Etfw\">#metaverse<\/a> impacts legal issues such as personal injuries, copyrights, patents, contracts, claims by users against companies, and claims against other users under crime and tort law. Register: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zqBMCOg0nI\">https:\/\/t.co\/zqBMCOg0nI<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FHKvoiBOeH\">pic.twitter.com\/FHKvoiBOeH<\/a><\/p>\n<p> LawSocietyNSW (@LawSocietyNSW) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LawSocietyNSW\/status\/1562310461538070528?ref_src=twsrc%5Etfw\">August 24, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Loot_boxes_and_gambling\"><\/span>Loot boxes and gambling<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Many countries regulate gambling, which would likely include metaverse-based <\/span><span style=\"font-weight: 400\">casinos<\/span><span style=\"font-weight: 400\">. Some governments even place restrictions on the inclusion of purchasable loot boxes in video games, often citing a desire to prevent young people from gambling.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is likely to become a concern with play-to-earn games, where loot boxes might take the form of NFT minting.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.8 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">This raises wider questions over whether NFT minting itself could be considered a legal equivalent to loot boxes or gambling in general. This is because NFT minters often pay significant sums of money in hopes of getting a particularly rare or valuable version of the NFT being minted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Beyond loot boxes, one might be concerned whether the entire play-to-earn model, where players can be understood to bet money in various ways, might itself be classified as gambling with a broad brush. Woolley, however, is optimistic, explaining that in 2012, a U.S. federal judge ruled ruled that poker is not gambling under federal law because it is primarily a game of skill, not chance, a model he hopes will be applied to metaverse gaming.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite this, the jury is still out on whether games like Axie infinity and their successors can be considered gambling  its a question that hasnt been formally answered. The South Korean government has already banned such games due to gambling fears, but there are signs the ban may be reversed or amended.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Have you encountered strange or bizarre legal questions relating to the metaverse? Feel free to contact the author at eliasahonen@cointelegraph.com to share your story.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__2_63120c6369996    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto and sports\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Hundreds-of-millions-is-spent-marketing-crypto-to-sports-fans-Is-it-wasted-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Billions_are_spent_marketing_crypto_to_sports_fans_Is_it_worth_it-3\"><\/span>Billions are spent marketing crypto to sports fans  Is it worth it?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 29, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Defi vs CeFi\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Defi-vs-CeFi-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"DeFi_vs_CeFi_Decentralization_for_the_win-3\"><\/span>DeFi vs. CeFi: Decentralization for the win?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 25, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Web3 recruiting\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-recruiting-is-a-minefield-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Fake_employees_and_social_attacks_Crypto_recruiting_is_a_minefield-3\"><\/span>Fake employees and social attacks: Crypto recruiting is a minefield<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 19, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bake your own DAO\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Julian-sets-up-a-DAO-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"How_to_bake_your_own_DAO_at_home_With_just_5_ingredients-3\"><\/span>How to bake your own DAO at home  With just 5 ingredients!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 9, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-web3-and-NFTs-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"NFT_communities_greenlight_Web3_films_A_decentralized_future_for_fans_and_Hollywood-3\"><\/span>NFT communities greenlight Web3 films: A decentralized future for fans and Hollywood<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 3, 2022<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2022\/09\/02\/laws-taxes-apply-nfts-metaverse\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Crazy outcomes when current laws applied to NFTs and the metaverse&#8221; &lt;p&gt;&lt;b&gt;NFTs can now serve as court documents but they might also be unregistered securities, illegal loot boxes, or come with impossible tax demands.&lt;\/b&gt; Nonfungible tokens (NFTs) are thought of by most people as just funny pictures that degens on the internet spend far too&#8230;<\/p>\n","protected":false},"author":1,"featured_media":489742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/08\/magazine-Crypto-legal-absurdities.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-489741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=489741"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/489741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/489742"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=489741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=489741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=489741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}