Musician Jonathan Mann's NFT Earnings Impacted by Crypto Market and Tax Issues

According to Odaily, musician Jonathan Mann faced significant financial challenges after earning $3 million from NFT sales due to the cryptocurrency market crash and tax complications. In January 2022, Mann sold 3,700 songs as NFTs at $800 each, accumulating approximately $3 million in Ethereum (ETH). However, he did not convert the earnings promptly, and the subsequent decline in ETH's value led to a substantial tax liability. The U source: https://www.binance.com/en/square/post/25365617597153?utm_source=BinanceNewsRSS