Tuesday May 3, 2022 – Non-Fungible Tokens (NFT) are the talk of the town. But, what is an NFT exactly. An NFT is a digital asset that represents real-world objects. The NFT may be art, music, in-game items or videos.
The value of NFTs come from their exclusivity, or “digital scarcity.” Digital copies may be infinite. But, there is only one “original.” The NFT contains built-in authentication, which serves as proof of ownership.
Attorney Steven A. Leahy covers the NFT story so you can understand what hype is all about. .
https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649