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Even though NFTs grew in popularity in 2021 and are considered #digitalassets, NFTs aren’t cryptocurrencies. They’re tokens that are not used as a medium of exchange. And NFTs can’t be divided or replicated. They are transacted in a form of art pieces or data.
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DISCLAIMER: Crypto Tokens are highly volatile and subject to market, technical, and regulatory risks.
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Apple is charging 30% usual fees on NFT transactions. Earlier it was under consideration to keep it out of taxes, but now #Apple has made it clear like any other #digitalasset, NFTs would also be charged.
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