Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter
In this week’s newsletter, read about how German flagship airline Lufthansa uses nonfungible tokens (NFTs) to reward loyal customers and how soccer superstar Cristiano Ronaldo teased his future NFT plans during a lie detector test. Check out why a law professor believes the metaverse should be taxed, and find out how artificial intelligence (AI) and NFTs can provide a personalized learning experience to children. And don’t forget this week’s Nifty News, featuring a Mutant Ape NFT selling for over $800,000 amid an ongoing downward price trend.
Lufthansa’s innovation unit has collaborated with its frequent flyer program division to launch Uptrip — an NFT loyalty program operating on the Polygon network. With this, loyal customers can get rewards by turning their trips into NFT collections.
The program allows the airline’s customers to scan their boarding passes and exchange them for collectible NFTs. When completed, the NFT collections can be used to redeem rewards like lounge access and flight upgrades.
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Soccer star Cristiano Ronaldo was given a lie detector test to celebrate the release of his second NFT collection in July. While the athlete was on the lie detector, he said he would release more NFTs in the future. The test confirmed that he was being truthful. When asked if he owns any NFTs, the soccer player answered “yes” once more, with the test confirming his answer again.
In 2022, Ronaldo signed a multiyear partnership with crypto exchange Binance’s NFT unit. The collaboration aims to introduce Web3 technologies to soccer fans around the world through NFTs.
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Law professor Christine Kim published a paper that presented arguments on taxing the metaverse. According to Kim, the
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