Celebrating a plastic-free July with NFTs and Tezos art

Since its initial coin offering in 2017, the Tezos blockchain has become The art world's favorite for its energy efficiency and low cost. ai artists including twitter.com/refikanadol/” target=”_blank” rel=””>Refik Anadolan internationally renowned media artist, director, and pioneer in data aesthetics and artificial intelligence, uses Tezos to execute peer-to-peer transactions and deploy smart contracts. The token is listed on cryptocurrency exchanges as Tezos (XTZ).

In addition to being part of Art Basel since 2021 and collaborating with environmental gallery Serpentine Arts Technologies Since 2023, during this Plastic Free July, for the first time, the Tezos blockchain is part of Ribela Love Nature, an outdoor sustainable techno art and music event, featuring over 100 different artworks from over 30 visual artists, over 20 nft artworks for sale, and music from over 15 live acts and DJ sets.

July Without Plastic draws attention to the impact of plastic waste On nature. The 'July without plastic' Campaign The campaign, which originated in Australia in 2011, seeks to draw attention to the global problem of plastic waste, which is causing serious problems for animals, nature and human health. The award-winning campaign is a key initiative of the Plastic Free Foundation, which works to achieve the vision of seeing a world free of plastic waste, as detailed in the “2023 Impact Report”.

The July Without Plastic campaign was fundamental for the adoption of the first… Treaty on plasticswhich was supported by 175 nations at the United Nations Environment Programme (UNEP) meeting in Nairobi in 2022. The UNEP Intergovernmental Negotiating Committee on Plastic Pollution is still negotiating the terms of the Treaty, so it could be implemented as early as 2025.

My Plastic Free July art exhibitions to draw attention to the damage plastic pollution causes to marine animals are taking place in two museums:

1. Putnam History Museum: Healing Waters of Selva Ozelli

1. Havre de Grace Maritime Museum: Moody's Blue Crabs by Selva Ozelli

In parallel to its participation in the sustainable technology event, Tezos x Vision also x/” target=”_blank” rel=””>Announced a significant development in the Tezos ecosystem: the introduction of Jstz (pronounced 'justice'), a JavaScript-powered smart rollup that will scale and turn Tezos into an interoperable blockchain platform and blockchain-based, cloud-like OP backend for all kinds of applications.

Scaling the utility of the blockchain is crucial to its widespread adoption. After all, the fastest, most cost-effective blockchain is useless if people have nothing to do or nowhere to go from it. And they will only have those things if someone builds them on Jstz, an L2 package being built on Tezos to allow developers to use JavaScript and its vast resources, such as JavaScript APIs, battle-tested JS tools, npm ecosystem and libraries with the best advantages of web3, with integrated identity, wallet and payments GitHub by Jstz repository.

On June 28, 2024, the U.S. Department of the Treasury and the U.S. Internal Revenue Service issued The final digital asset broker reporting regulation, which requires brokers to report on centralized exchanges and hosted wallet providers, provides broad rules under which transactions in digital assets, including nfts, will be reported in the U.S. However, it left out rules related to decentralized finance and non-hosted wallets while it continues to study 44,000 comments to the agency. DeFi operations and non-hosted wallet providers will have to wait for their own rules to be published later in the year.

The final regulations will come into effect for transactions starting in 2025 and will require digital asset brokers to monitor the cost basis of customer tokens starting in 2026. They will also need to file 1099-DA They are formed like their cousins, traditional investment firms, with an annual threshold of $600 in nft profits before they need to be reported.

The final regulations provide nft platforms with much-needed clarity on their reporting obligations, while creating transparency for both artist taxpayers and the IRS when it comes to tax filing and compliance. It is also an essential step toward closing the estimated $50 billion cryptocurrency tax gap and will further legitimize digital assets. Artists will now know what they must report regarding activity conducted with a digital asset broker nft platform, and the IRS will know what to expect to see on tax returns.