NFTs Are Booming, But Few States Are Imposing Taxes (Podcast)

April 29, 2022, 8:45 AM UTC

Have you noticed digital works of art with names like Cool Cats, CryptoPunks, and Bored Ape Yacht Club while surfing the web or posting a snarky tweet?

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They’re all examples of non-fungible tokens, or NFTs, unique digital assets serving as certificates of authenticity for digital products including works of art, music, and collectibles. NFTs are also a surging new industry, expected to reach global sales of $80 billion by 2025.

Despite this booming market, ...

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