NFT, Blockchain, Web 3.0, Tokens & Capital Gains

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

1. Give you a clear understanding of what everything is

2. Discuss possible applications in Art, Music, Business and much more!

3. Share real-life case studies

Each video lecture comes with an MP3 version to listen to and review the training.

Enroll today!

How NFTs will change the world

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What you will learn

• How NFT's change commerce
• What Blockchain brings to business
• Different types of NFT's

Rating: 3.75

Level: All Levels

Duration: 1.5 hours

Instructor: Scott Paton