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Musician Made $3 Million From NFTs — Then Faced a Brutal Tax Hit and Crypto Crash
Jonathan Mann, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song. This follows a $3 million loss he suffered due to a market crash. Mann, who is recognized for his “Song A Day” project, recently released a track that narrates his financial misfortune. In a post on X, Mann shared that he made a whopping $3 million by selling his entire song catalog as NFTs. However, he lost it all during the collapse of the Terra ecosystem. According to his post, on Jan. 1, 2022, Mann embarked on his crypto journey, selling 3,700 songs at $800 each. This earned him approximately $3 ... (full story)
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