Investors convert ‘totally worthless’ NFTs into tax write-offs

A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanishJust a year ago, Washington DC’s Hirshhorn art museum – the capital’s preeminent contemporary art museum – was asking whether non-fungible tokens (NFTs) were “fad or the future of art”. Twelve months on, it looks like “tax write-off” might have been the right answer.This year was not just the year that cryptocurrency valu