{"id":8457,"date":"2022-12-29T10:37:36","date_gmt":"2022-12-29T09:37:36","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/12\/29\/investors-convert-totally-worthless-nfts-into-tax-write-offs\/"},"modified":"2022-12-29T10:37:36","modified_gmt":"2022-12-29T09:37:36","slug":"investors-convert-totally-worthless-nfts-into-tax-write-offs","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/12\/29\/investors-convert-totally-worthless-nfts-into-tax-write-offs\/","title":{"rendered":"Investors convert \u2018totally worthless\u2019 NFTs into tax write-offs"},"content":{"rendered":"

A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish<\/p>\n

Just a year ago, Washington DC\u2019s Hirshhorn art museum \u2013 the capital\u2019s preeminent contemporary art museum \u2013 was asking whether non-fungible tokens (NFTs) were \u201cfad or the future of art\u201d<\/a>. Twelve months on, it looks like \u201ctax write-off\u201d might have been the right answer.<\/p>\n

This year was not just the year that cryptocurrency values were burned by investor fears, rising interest rates, inflation and scandals<\/a>, it was the year that crypto\u2019s cartoonish art cousin the NFT \u2013 an electronic identifier confirming a digital collectible is real \u2013 collided with reality.<\/p>\n

Continue reading…<\/a>
\nA new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish
\nJust a year ago, Washington DC\u2019s Hirshhorn art museum \u2013 the capital\u2019s preeminent contemporary art museum \u2013 was asking whether non-fungible tokens (NFTs) were \u201cfad or the future of art\u201d. Twelve months on, it looks like \u201ctax write-off\u201d might have been the right answer.
\nThis year was not just the year that cryptocurrency values were burned by investor fears, rising interest rates, inflation and scandals, it was the year that crypto\u2019s cartoonish art cousin the NFT \u2013 an electronic identifier confirming a digital collectible is real \u2013 collided with reality. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish Just a year ago, Washington DC\u2019s Hirshhorn art museum \u2013 the capital\u2019s preeminent contemporary art museum \u2013 was asking whether non-fungible tokens (NFTs) were \u201cfad or the future of art\u201d. Twelve months …<\/p>\n

Investors convert \u2018totally worthless\u2019 NFTs into tax write-offs<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":8458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8457"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=8457"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/8458"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=8457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=8457"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=8457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}