A Blast from the Past

If you were a PC user in the late 90s, you probably gained a few gray hairs while cranking up Winamp. Once the reigning king of media players, Winamp has enjoyed a wild ride since its debut in 1997—much like my one attempt at a breakdance move during a middle school dance. Thankfully, it’s now spruced up its playlist with a fresh update that supports Ethereum and Polygon-based music NFTs. Talk about a comeback!

The NFT Integration Inside Winamp

In a declaration on December 7, Winamp broke the news that users can now connect their Metamask wallets and blast tunes embedded in ERC-721 and ERC-1155 tokens—which must sound just as exciting for music fans as the news of reduced school homework for students. Winamp’s CEO Alexandre Saboundjian champions this new feature as a leap into innovation and accessibility. Gosh, I just want to kick back, crank some tunes, and experience audio NFTs with reckless abandon—sorry, neighbors.

Enter the New Era of Music NFTs

With the rise of music NFTs, the platform LGND Music is set to roll out in January 2023, courtesy of partnerships with Warner Music and Polygon. According to their folksy announcement, LGND Music promises an easy way for users (even the non-tech-savvy ones) to buy and hold music tokens. Imagine having the means to buy music as tokens while still wearing your fuzzy slippers—now, that’s the life!

You May Need a Tax Guide—Or a Tax Expert!

While you’re diving into the world of music NFTs, let’s talk taxes. According to a recent piece from Investopedia, the IRS hasn’t issued clear regulations on how to report NFT gains or losses. I guess that makes sense—everyone loves a bit of mystery in their governmental dealings, right? They add that if you’re holding art-focused NFTs, brace yourself for some serious collectible tax rates that might leave the average Joe scratching his head.

Trending Collectibles: The World Cup and Atari

Outside the music scene, Crypto.com and Coca-Cola joined hands to create a unique series of NFTs featuring player heat maps from the 2022 FIFA World Cup. Picture it: 10,000 pieces of artwork driven by the dramatic movements of players on the field—now that fundamentally redefines what it means to collect sports memorabilia! And remember Atari? They’re making a splash in the NFT pool by allowing holders to transform their digital assets into physical art—now your NFT can be both a virtual achievement and a cozy wall decoration. Talk about versatility!