Jonathan Mann, creator of the “Song A Day” project, reveals how a $3 million NFT windfall evaporated due to taxes and the Terra ecosystem collapse, highlighting the risks of crypto taxation and volatility.
Tag: Terra
NFT Artist’s $3 Million Crypto Dream Turns into Tax Nightmare: A Cautionary Tale
Musician Jonathan Mann earned $3 million selling his music as NFTs, only to face a harsh reality of crypto market crashes and a hefty tax bill. Here’s a breakdown of the story and its implications.