Questions tagged [non-fungible-tokens]

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.

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Is it possible to use NFTs to trade the ownership of shares in physical companies?

I am trying to know if it is possible (or already done?) to use NFTs to trade the ownership of shares in physical companies. I have found articles on about using NFTs for real estate, but i ...
username's user avatar
9 votes
3 answers

Someone on Instagram is offering to buy art I posted as NFTs. What is my risk?

I have an Instagram account where I post some content from time to time. Recently, I've been posting some images I created via AI, which I indicate in every post. Today, I received a message where ...
Tarish's user avatar
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-2 votes
1 answer

NFT's may be a new money laundering horizon [closed]

I made some experiments with the creation of NFTs on various platform like open sea and mintable. No one reacted on the NFTs and it's not strange because they clearly suck! But i saw some ridiculous ...
Ion Stirba's user avatar
-1 votes
1 answer

How do I determine the division of cost basis for multiple NFTs minted in a single transaction?

I understand (I think) how to assign cost basis (for income tax) to ordinary minted NFTs: Convert the minting price (including gas, fees, etc.) in cryptocurrency to dollars using the market rate at ...
Robert's user avatar
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41 votes
10 answers

Why do NFTs have value?

I've seen dozens of articles on NFTs, and not comprehended a single one. So when someone made an NFT of the first Twitter posting, I didn't understand how that would be a means to generate any sort ...
Mike Serfas's user avatar
2 votes
4 answers

In what ways is the NFT marketplace different from the stock market?

Non-fungible tokens (NFTs) are all the rage. Creators can create works for digital art (and other types of digital assets) and sell them online. The sales occur on a cryptocurrency exchange like ...
Cybernetic's user avatar