NFT is short for “non-fungible token” and can be thought of as a digital version of a collectible. NFTs are mainly used in the art industry because of their applications for digital intellectual property protection. NFTs have also helped open up the space of arts and collectibles to more people since they just need an internet connection to access NFTs. Other uses for NFTs such as supply chain management and theft deterrence are currently being explored.
As the world becomes more digital, cybersecurity has never been more important. Here are some common scam types and examples to watch out for when you’re dealing with crypto. By being vigilant, you can ensure that you hold on to your crypto assets.
Learn some general tips about how crypto assets are taxed and how to prepare for your tax filing ahead of the upcoming tax deadline. Newton and its affiliates do not provide tax, legal or accounting advice. The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or with respect to any questions you may have in the preparation of your tax returns.