Can NFT be sold

, consulting with a private attorney or your local legal services office.

My car has been repossessed, and I was told it will be sold. What can I do?

In some states there are laws granting a right to reinstate after repossession. These laws usually provide for a time period after repossession in which you can get your vehicle back by making up any existing overdue payments and the cost of repossession.

If you don’t reinstate the loan or you live in a state where there is not a right to reinstate, your lender can either keep the vehicle as compensation for your debt or sell it at a private or public sale. For a public sale the lender must notify you of the date, time, and place of the sale so you can have a chance to bid on the vehicle. For a private sale the lender must notify you of the time after which the vehicle may be sold. In either a public or private sale, you may be entitled to buy back the vehicle by paying the full loan amount plus the repossession costs before the sale.

Deficiency balance. If your vehicle is repossessed and sold, you may be responsible for paying the difference between the amount left on your loan (plus repossession fees) and the sale price. This is known as a “deficiency balance”. For example, if you owe $10,000 on the vehicle and your creditor sells it in a commercially reasonable manner and gets $7,500, then the deficiency is $2,500 plus any other fees you owe. If you don’t pay the deficiency, the lender may hire a debt collector to attempt to collect the debt. The lender may also file a lawsuit in court against you to collect the deficiency. If the lender obtains a judgment from the court, the lender can garnish your wages and take other steps to collect the judgment. If there is a surplus of funds after your lender has applied the sale proceeds to your balance then you are entitled to those funds. You should make sure you know what the vehicle sold for and consult an attorney if you think the price was unreasonable.

Repossession costs. You will likely be charged for the cost of repossession. However, the fees for repossession must be reasonable. Reasonableness is ultimately determined by a court and will depend on the type of vehicle taken, how it was taken, and where it was taken. You should ask your lender for an accounting of the repossession costs.

You may have other rights and obligations under your state law. You may be able to get more information about your state law from your state attorney general

, consulting with a private attorney or your local legal services office.

At the same time, NFT Christmas gifts are also now becoming highly collectibles for some. In fact, Beeple’s Everydays, a collage of digital art was recently sold at an auction for US$69 million. In August, Visa snapped up CryptoPunk #7610, a digital character with a mohawk, green eyes, and red lipstick, for US$150,000.

It’s going to be an NFT Christmas for digital assets

NFT sales are expected to reach US$ 17.7 billion by the end of the Christmas period in 2021, also a new record.

With Christmas just around the corner, the perfect holiday gift this season might just be an NFT (lesser known as non-fungible tokens). With the supply chain crisis ongoing, many have had to rethink their Christmas gifts for friends and families. While tech gadgets often top the list as the perfect Christmas present, the uncertainty of if (and when) the products might be delivered is a great concern for shoppers.

As such, many shoppers are now considering digital Christmas gifts for the holiday season. Virtual gifting is something new for many, but the types of digital gifts are now becoming more advanced and trendier.

Earlier this year during the Lunar New Year, those celebrating in Asia resorted to gifting cash via e-wallets as part of their tradition. Not only was this a safer method due to the pandemic, but it was also more secure and transparent for both senders and receivers. The move also saw an increase in e-wallet adoption across Asia.

Back in Europe and the US, there’s a different trend for digital gifts this Christmas. The increased interest in cryptocurrencies is driving renewed interest in digital assets. While NFTs are not cryptocurrencies, according to a report by Business Insider, there has been a huge uptake for these non-fungible tokens. NFTs are basically pieces of digital art that are minted on the blockchain.

Jingle bells, NFT sells

The Cointelegraph Research report predicts NFT sales to reach US$ 17.7 billion by the end of 2021, which is also a new record. Part of the hype for the real-world use case of NFTs is in the metaverse and gaming.

When Mark Zuckerberg announced plans for the metaverse, NFTs are expected to be the bridge to the metaverse, especially when it comes to facilitating identity, community, and social experiences in the virtual world. And it’s not just Meta’s metaverse. As more companies begin to ponder the new realities that can be derived from it, metaverses provide an open and fair economy backed by the blockchain.

People visit the TL groups NFT community art exhibit during the DCentral Miami Conference at the Miami Airport Convention Centre in Miami, Florida. Organizers say this is the largest in-person combined NFT and DeFi conference in history. (Photo by JOE RAEDLE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Digital collectibles and art dominated the market in 2021contiburing to 90% of sales. However, the report forecasts blockchain gaming to be increasingly important as the market matures.

For example, when it comes to the play-to-earn gaming economy, players will engage and empower blockchain games via NFTs. Compared to most traditional games that are controlled by a single game entity, players get full ownership of their assets. Some of the successful examples of such play-to-earn games include Axie Infinite, My Neighbor Alice, and many others.

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At the same time, NFT Christmas gifts are also now becoming highly collectibles for some. In fact, Beeple’s Everydays, a collage of digital art was recently sold at an auction for US$69 million. In August, Visa snapped up CryptoPunk #7610, a digital character with a mohawk, green eyes, and red lipstick, for US$150,000.

An expensive NFT Christmas gift?

While some NFT tokens have fetched high values, generally most NFTs cost a few hundred dollars, which is about the same amount one would spend on an electric gadget. The bulk of the cost would come from transaction fees on the platforms.

Nevertheless, NFTs can be purchased at NFT marketplaces such as OpenSea and Binance. OpenSea is currently the largest NFT marketplace. The NFT can be purchased via a crypto wallet.

While the entire process may sound tedious to some, the reality is that NFT tokens are mostly increasing in value as time goes by. The success of NFT is often measured using average and flood prices. An NFT’s rareness, liquidity, and utility can impact the cost but the final value is always determined by a buyer’s subjective preferences. Over time, the value of these tokens could significantly increase.

As supply chain issues can disrupt physical gifts for Christmas, NFTs may not be facing such a scenario anytime soon. At the end of the day, with the metaverse seemingly the future for many, investing in NFT as a Christmas gift could just be the best Yuletide decision made.

Caldwell added that Doge, which he called "one of the most iconic memes in internet history," had previously won Know Your Meme's 'Meme of the Decade' award in December 2019.

Iconic 'Doge' meme NFT breaks record, selling for $4 million

"Doge," the image of an excited-looking Shiba Inu considered one of the internet's most iconic and renown memes, has sold as a nonfungible token, or NFT, for $4 million, making it the most expensive meme NFT of all time.

On Friday, the auction winner, @pleasrdao, placed a willing bid of 1,696.9 of the cryptocurrency Ethereum, worth approximately $4 million, according to the auction site Zora.

"We're so happy to be a part of this milestone in internet history. If any meme deserved to be the new meme NFT record holder, it's Doge," said Don Caldwell, editor-in-chief of the internet meme database Know Your Meme, which certified Doge ahead of the auction to ensure that the meme was being sold by its rightful owner.

Caldwell added that Doge, which he called "one of the most iconic memes in internet history," had previously won Know Your Meme's 'Meme of the Decade' award in December 2019.

The meme was first put up for auction on Tuesday by Atsuko Sato, the owner of Kabosu, the dog from the image, and ran for roughly three days before being sold to @pleasrdao.

A bidding war for the meme broke out on Zora, where Doge was being auctioned, between users @twodollahotdoge and @pleasrdao on Friday afternoon, driving up the price until @pleasrdao prevailed with the winning bid.

Scott did not respond to multiple requests for comment from The Post, but he told Art Net that his work could be worth north of $2 million — suggesting he has made peace with at least some parts of capitalism.

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NFT of first text message ever sent sells for $121K

Why isn’t anyone bidding on the Rockefeller Christmas Tree NFT?

A non-fungible token featuring a white man being auctioned as a slave will be sold at Christie’s — for a price that could reach millions — in New York City next week.

“It was immediately clear it would be a major artwork both for its contemporary and historical commentary as well as the fascinating combination of disciplines,” Barrett White of Christie’s Americas told The Post.

“White Male for Sale” is the creation of artist-provocateur Dread Scott. The work consists of a 70-second looped video showing an average-looking white man in white button-down shirt and black pants, expressionless, standing on an auction block in the middle of a busy Brooklyn intersection.

Black pedestrians wearing coronavirus masks pass him by. The scene was shot at Flatbush and Church Avenues.

“The White Male for Sale NFT makes the medium itself an inherent and essential part of the conceptual project,” Scott, 56, said in an explanation of his work on Instagram. “People are inherently non-fungible. But as slavery became an integral part of developing capitalism, enslavers sought to turn people into commodities and make them fungible.”

Artist Dread Scott

Artist Dread Scott created the “White Male for Sale” NFT. Getty Images for Kickstarter

An NFT is a unique and non-transferable data unit that can be stored on a digital ledger known as a blockchain — the same technology which powers cryptocurrencies like Bitcoin.

Christie’s refused to speculate about what it might sell for but the auction house has developed a niche in America’s burgeoning NFT marketplace. In March the company sold an NFT by the digital artist Mike Winkelmann (aka Beeple) for $69 million.

Scott did not respond to multiple requests for comment from The Post, but he told Art Net that his work could be worth north of $2 million — suggesting he has made peace with at least some parts of capitalism.

“While Male for Sale” will be auctioned on Oct. 1 in at Christie’s auction house at 20 Rockefeller Plaza.

The work has already stirred controversy among fellow artists, like Manhattan painter David Paul Kay, who blasted the NFT as “cheap” and “ridiculous.”

“He is just trying to cash out. This is not fixing the problem he is talking about. It’s literally making it worse,” Kay, who is white, told The Post. “This guy is just an opportunist. I don’t like to bash other artists. I don’t like to do that.”

It’s far from Scott’s first controversy. Past works featured on his website include “Burning the Constitution,” and “Perpetual 911,” which repeatedly shows a plane crashing into and then reversing out of 2 World Trade Center.

“I don’t accept the economic foundation, the social relations or the governing ideas of America,” Scott said in a 2018 TED talk.

A 1989 piece, “What Is the Proper Way to Display an American Flag?” featured the flag laid out on the floor so people could step on it. The exhibit was condemned by then-President George H.W. Bush after being displayed in Chicago at the School of the Art Institute. The Senate subsequently passed a bill forbidding the piece from being shown again.

“I signed on to [the bill]. We don’t need people desecrating the flag. It’s wrong and morally reprehensible,” retired New York Sen. Al D’Amato told The Post.

The text message was sent by Neil Papworth, a programmer, and received by Richard Jarvis, then director at Vodafone, on December 3, 1992, at an office Christmas party.

Vodafone auctioned a non-fungible token (NFT) of the world’s first-ever SMS text message, which read ‘Merry Christmas’, and was sent on its network just over 29 years ago.

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The sale of the NFT was conducted by Aguttes auction house in France on December 21 and totalled €132,680 in Ether cryptocurrency (about ₹1.13 crore). Proceeds from the auction will go to UNHCR, the UN Refugee Agency, to support forcibly displaced people, according to Vodafone.

The text message was sent by Neil Papworth, a programmer, and received by Richard Jarvis, then director at Vodafone, on December 3, 1992, at an office Christmas party.

The buyer will receive a detailed and unique replica of the original communication protocol created by Vodafone; an animated version of the entire replica; and a digital frame with a 3D animation showing the mobile phone receiving the world’s first SMS, according to the auction page.

A certificate guaranteeing the authenticity and uniqueness of the NFT, signed by Vodafone Group CEO Nick Read, will also be given to the auction winner, Aguttes noted.

NFTs have grown in popularity this year, with the sales volumes of these blockchain-based digital assets touching $10.7 billion in the third quarter of 2021.

After a highly successful INO (Initial NFT Offering) where GamesPad sold out its entire NFT collection for $4.5 million on the BullPerks launchpad, the highly anticipated project saw an exciting increase in interest from the GameFi community. The ability for GamePad to list their projects NFTs on Binance is a thrilling opportunity, as the world will be able to have direct access to these exclusive designs.

GamesPad NFTs To Be Listed on Binance NFT

With the launch of GamesPad , a holistic gaming ecosystem, the world of GameFi is transcending into a new era. Its 360-degree approach encompasses all areas of the play-to-earn gaming genre, which proves GamesPad is setting the standard for the next-generation of crypto-gaming startups. Focusing on all things gaming, NFT, and metaverse, the project features a decentralized VC, multichain launchpad, game incubator, NFT aggregator, and marketplace.

A vital attribute of a successful crypto-gaming project is the power of its NFTs. GamesPad announced that its exclusive NFT collection will be listed on Binance NFT Marketplace . As Binance NFT is a global platform, the launch of GamesPad NFTs will be available worldwide.

GamesPad NFT Collection

After a highly successful INO (Initial NFT Offering) where GamesPad sold out its entire NFT collection for $4.5 million on the BullPerks launchpad, the highly anticipated project saw an exciting increase in interest from the GameFi community. The ability for GamePad to list their projects NFTs on Binance is a thrilling opportunity, as the world will be able to have direct access to these exclusive designs.

GamesPad is the ultimate gaming, NFT, and metaverse ecosystem that brings together a decentralized VC, multichain launchpad, game incubator, NFT aggregator, and marketplace, approaching every angle of the gaming, NFT, and metaverse sectors. Developed by a highly knowledgeable team of experts, GamesPad will take a dynamic approach to its evolution, expanding and growing alongside the rapidly changing crypto industry, contributing to solidifying the foundation for a new wave of profitable crypto-gaming projects.

About Binance NFT

Binance NFT is the world's largest and fastest-growing centralized NFT marketplace, selling over 1 million NFTs and partnering with 800+ creators worldwide. It's a platform where users can view and trade a diverse selection of in-game items, virtual land, artwork, and more. Binance NFT Marketplace brings together artists, creators, and crypto enthusiasts on a single platform to create and trade top NFTs. The ease and simplicity at which Binance NFT allows users to access their services to buy and sell NFTs is a revolutionary asset to the crypto community.

Occasionally when trying to post a Sales Invoice, you may see the message below. If this is the case, go to the Inventory tab of the product and make sure there is a Control Type. Control Types are required for calculating COGS. Importing in a new product without a Control Type will cause the Product in Acctivate to not have an Inventory Control Type established. If there is none, edit the product and select a Control Type.

Why am I Getting Cost of Goods Sold Cannot be Calculated when Invoicing?

Occasionally when trying to post a Sales Invoice, you may see the message below. If this is the case, go to the Inventory tab of the product and make sure there is a Control Type. Control Types are required for calculating COGS. Importing in a new product without a Control Type will cause the Product in Acctivate to not have an Inventory Control Type established. If there is none, edit the product and select a Control Type.

Then go to the Transactions tab of the product and check to see if there are any cost establishing transactions posted for this product. If none exists, please post a cost establishing Transaction. If you post just an Inventory Adjustment to bring inventory in, the cost has not yet been calculated.

NOTE: Balance Adjustments should be posted as the last transaction of the day, or backdated, so they do not interfere with other transactions.

Cost of Goods Sold amount could not be calculated for Order xxxx, Line xxxx could not be calculated.

Property left through a will may spend several months or a year tied up in probate court before it can be distributed to the people who inherit it. (See Probate FAQ.)

Wills are wonderful, simple, inexpensive ways to address many people's estate planning needs, but they can't do it all. Here are some things you shouldn't expect to accomplish in your will.

Leave Certain Kinds of Property

In most cases, you cannot use your will to leave:

  • Property you hold in joint tenancy with someone else (or in "tenancy by the entirety" or "community property with right of survivorship " with your spouse).
  • Property you've transferred to a living trust.
  • Proceeds of a life insurance policy for which you've named a beneficiary.
  • Money in a pension plan, individual retirement account (IRA), 401(k) plan, or other retirement plan for which you've named a beneficiary on forms provided by the account administrator.
  • Property held in beneficiary (transfer-on-death or TOD) form. This may include stocks, bonds, and—in some states—real estate or vehicles.
  • Money in a payable-on-death bank account.

Leave Funeral Instructions

Wills are typically not read—or even found—until days or weeks after a death. That's too late to be of help to the people who must make immediate decisions about the disposition of a body and funeral or memorial services. Instead, make a separate document spelling out your wishes and tell your executor where to find it when the time comes. (See Final Arrangements FAQ.)

Reduce Estate Taxes

If you expect your estate to owe federal estate taxes, you may want to take steps now to reduce the tax liability. A will won't help you avoid taxes. Many kinds of trusts can reduce or postpone the tax bill. (See Estate and Gift Tax FAQ.)

Avoid Probate

Property left through a will may spend several months or a year tied up in probate court before it can be distributed to the people who inherit it. (See Probate FAQ.)

Put Certain Conditions on Gifts

There are also a few legal limitations on what you can do in a will. For example, you cannot leave a gift that is contingent on the marriage, divorce, or change of religion of a recipient. You can, however, try to influence lesser matters. For example, you could leave money "to Jeremy, if and when he goes to college." Making such conditional gifts, however, usually opens a can of worms—who will enforce the will's conditions, and for how long?

Leave Money for an Illegal Purpose

This one doesn't come up often, but you can't earmark money for something illegal, such as encouraging minors to smoke.

Arrange to Care for a Beneficiary With Special Needs

If you want to provide long-term care for someone, a will isn't the place. Far better to set up a trust that's tailored to the beneficiary's needs. A special needs trust can provide extra income for a loved one with disabilities, without jeopardizing government benefits.

Nolo's book Special Needs Trusts, by Kevin Urbatsch and Michele Fuller explains how special needs trusts work and gives you the tools to make one yourself. Of course, if you have a complicated situation or if you would rather have an expert's advice about your specific situation, you may also want to see a lawyer who's an expert in this field.

Leave Money to Pets

Pets can't own property, so don't try to leave property directly to your pets in your will. Instead, leave your pet to someone who has agreed to provide a good home—and leave that person some money to help out with pet-related expenses. Some states allow you to set up trusts for animals, but that's probably not necessary if you have confidence in the person you've named to care for your pets after your death.

Both Quicken WillMaker (software) and Nolo's Online Will (online) make it simple to name a caretaker for your pet in your will. Both products also help you leave money to your pet's caretaker, specifically for the care of your pet.

How to Handle Items You Can't Put in Your Will

These Nolo products can help you accomplish the things you can't put in your will:

Quicken WillMaker allows you to create a financial power of attorney, a living will, a funeral instructions document, and a letter to your executor.

Nolo's Online Living Trust helps you make a living trust that will transfer your property without probate.

8 Ways to Avoid Probate, by Mary Randolph, teaches you how to handle property that passes outside your will, including life insurance, pay-on-death bank accounts, jointly owned property, retirement accounts, and more.

Special Needs Trusts, by Kevin Urbatsch and Michele Urbatsch-Fuller explains how to make a special needs trust that provides a loved one with extra income without jeopardizing government disability benefits.

You can now click/tap WATCH to start the live stream.

Article image for The Aussie antiviral spray being used in Europe but cannot be sold in Australia

An Australian pharmaceuticals manufacturer claims it can produce a broad-spectrum antiviral spray which is more than 99% effective against the Delta strain of coronavirus in laboratory studies.​

The product, which comes in the form of a nasal spray, is sold in India and Europe.

It is not approved for use by the Therapeutic Goods Administration in Australia.

Luke Grant spoke to CEO of Starpharma, Dr Jackie Fairley, the company which produces the product about its development and use.

She says Viraleze has been adopted in countries hit hard by virus cases, and should be considered for approval in Australia to help prevent further outbreaks.​

Banksy’s Wharf Rat was discovered for the first time in 2010 on San Francisco’s Pier 39 on Fisherman’s Wharf. The art piece features a rat digging its way out of the tunnel, painted on a metal door, right next to the Alcatraz Boat Tour station. However, the City of San Francisco Department of Public Works painted over the door, and everyone thought the street art had been destroyed.

Banksy paintings highlights during 2021

The first NFT Bansky painting called “Morons” was sold for 228 ETH ($380 thousand) on OpenSea last March, by a group named “Burnt Banksy” who first bought the original painting, then created an NFT of the piece, and finally, destroyed the physical one. Another wild story is that in September a fake Banksy painting was sold for £244,000.

Last month in Sotheby’s “The Now Evening Auction,” Ethereum (ETH) was listed as a payment method for the first time in which two Bansky paintings were sold. Also, this month, a company called Particle said they will list the public 10,000 fractionalized NFTs of the Bansky “Love is in the Air” painting for sale, from Jan. 10 to Jan. 14 of next year.

Particle co-founder and ex Christie’s chairman Loic Gouzer said:

“Banksy has turned the art world on its head. Widely regarded as one of the most iconic creators of the 21st century—his daring, humanitarian nature and a strong belief that art should be for everyone reflects the mission at Particle, making this masterpiece symbolic to launch the platform with.”

In just one year, we went from burning an original Banksy painting and selling it as an NFT, to being a part of a highly legitimate governance DAO for Banksy’s art piece.

It appears that the Banksy paintings have been a relevant part of the blockchain art space this year, and with fractionated NFTs millions of people will be able to have part ownership of his masterpieces.

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