Are NFTs right for you?

Are you curious about NFTs and wondering if they’re right for you? Non-fungible tokens (NFTs) are digital assets that are unique, verifiable, and immediately tradable on the blockchain. NFTs have become popular in the last few years and have opened up a new world of possibilities for digital asset ownership and trading. NFTs have a…

Taxes and NFTs

NFTs, or non-fungible tokens, have been gaining in popularity over the last year, and with the recent success of the art market on the Ethereum blockchain, the conversation around NFTs has taken off. However, one of the key questions that many people have is what the taxation implications of these new assets are. The ATO…

What are the environmental impacts of NFTs

Photo from www.creatokia.com/en/s/environmental-impact NFTs, or Non-Fungible Tokens, are being hailed as the latest technological innovation in the world of digital asset trading. But as with all new technologies, NFTs come with their own set of environmental impacts. The first and most obvious environmental impact of NFTs is the energy consumption associated with their production. Every…

What are NFTs used for?

Non-fungible tokens (NFTs) are cryptographic tokens that represent a unique asset, such as a digital art piece, video, or music file. NFTs are revolutionising the way we think about digital assets and ownership by providing a way to tokenize and monetize digital assets in a way that was never before possible. NFTs are used for…

Why own NFTs?

The world of digital assets is ever-evolving, and one of the most exciting developments within the world of digital asset trading is the emergence of Non-Fungible Tokens (NFTs). NFTs are digital tokens that are unique and non-interchangeable, and have become increasingly popular among digital asset traders. But why should you consider owning NFTs? First and…

What’s the connection between NFTs and cryptocurrency?

NFTs, or non-fungible tokens, are digital assets that are unique in the sense that no two are the same. In comparison to cryptocurrency, which are fungible, or interchangeable, NFTs are completely unique and can’t be exchanged for anything else. The connection between NFTs and cryptocurrency is that both are digital assets, and both have the…

What makes an NFT valuable?

Non-fungible tokens (NFTs) are unique digital assets that are revolutionizing how people think about ownership and value. As the world of digital assets continues to expand and evolve, understanding the value behind NFTs is becoming increasingly important. At its core, the value of an NFT is based on its scarcity. Unlike traditional digital assets like…