Browsing: NFTs & Digital Collectibles

The market for “on-chain TCGs” — platforms where physical trading card game cards such as Pokémon, One Piece and Yu-Gi-Oh! are bought and sold on blockchain networks like crypto assets — is growing rapidly. By cutting the time required for grading, storage, shipping and settlement, and lowering barriers to cross-border transactions, the model is drawing…

Yes, the IRS taxes NFTs as property, and that single fact drives everything else. Creators who mint and sell generally owe ordinary income tax (and often self-employment tax); collectors who buy, hold, and flip owe capital gains or losses on each sale. Art-like or “collectible” NFTs may be subject to a higher long-term capital gains…