NFT, Blockchain, Web 3.0, Tokens & Capital Gains
An NFT, non-fungible token, is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. NFTs have been in the news a lot lately as new business uses for NFTs are developed for online games, music, entertainment, start-up businesses, and much more. In this course, Scott Paton and Tim Judge share the changes to business that NFTs are bringing. Tim Judge is a Founder of Social Bees NFT. By using the SBU DAO Social Bees provide Web3 companies flexibility and scalability through a fully managed community and engagement hub solution. Tim shares how NFTs can be used for start ups and other projects. As NFTs increase in value along with other tokens, a capital gain tax issue is created, so we discuss options to mitigate the tax burden. The term capital gain refers to the increase in the value of a capital asset when it is sold Put simply, a capital gain occurs when you sell an asset for more than what you originally paid for it. Almost any type of asset you own is a capital asset whether that’s a type of investment (like a stock, NFT, bond, Bitcoin, or real estate) or something purchased for personal use (like furniture or a boat). In this course, we Give you a clear understanding of what everything is Discuss possible applications in Art, Music, Business and much more! Share real-life case studies Each video lecture comes with an MP3 version to listen to and review the training. Enroll today!