NFT

BuckZero

I’m so upset because the crypto community during the NFT cycle was actually chill with fun community vibes. Now it’s a conservative cesspool where people casually use the hard r for jokes.

Maximum-Fact-5832

"Everyone talks about Bitcoin?" sure sure, but do they know even the tiniest amount about it? Or do they just repeat things they claim to "know" about it; details they only possess (at most!) a superficial understanding of. Not to say people always need to understand things, to invest in them - not everyone is an economist (and consequently, people have fiat), not everyone is an AI Researcher (and consequently, the top 7 companies in the S&P 500 are worth >$20T). You say those who got into BTC when it was less than $50 are the ones that were early. That's a very high bar to set, I wish you luck with that, as you make your way through life - only seeing yourself as early to things that will subsequently grow by >14000% (70000/50); else considering yourself to be "too late". With such an outlook, I presume you have all your money invested in the most speculative end of the NFT market?

tobyredogre

Sold my doginal dogs 'NFT' at a nice profit . IDK why anyone is buying this shxt but thanks you whoever you are ! Gonna stay far away from every thing Doge coin in future !

Competitive_Use320

I’m currently not working in the club anymore! I’ve been dancing the past 10 years and decided to hang it up last may. Although I’d definitely consider going back to it if I knew that I was guaranteed some security in it where I’m from. It’s becoming a lost art and I figure it’s just best to DCA in at this point by converting earnings into BTC. I still think it would be neat though to shill a photography portfolio NFT collection via the blockchain at the club if I did ever go back. More like a bucket list type thing. It’s difficult to get the girls to get on the crypto bandwagon though. They don’t “get it” as I’m discovering through the forums.

TumbleweedSalt2504

Only real naive moonboys who never has investments experience think 1000x is possible. That's almost like expecting 100x from Apple or Tesla. They are too big to gain that kinda return (at least not in short term. Who know what's possible over 20, 30 years?)  That rank is just defi. Don't try to mislead people. But it's true XRPL is not used much at the moment. Being involved in a long lawsuit doesn't help. Not getting into memecoin n NFT games like Etherum n Solana didn't help. But there are intriguing pluses that has XRPL in a good position going forward. I wouldn't have put money in it without them. You invest w future developments in mind, not what's happened.  So, you are a chainlink shill, lol. Guess you get paid for all these posts. Otherwise i can't believe anyone wasting this much time just hating on a crypto

Big_Relief2469

What about having stable coin payments such as usdc or usdt as an option also? I hate the rep that NFT's received (but rightfully so) but would the images be classified in the same way? A NFT you can sell?

BaldBear_13

there are exceptions of course. But vast majority of older people see crypto as yet another new-fangled financial trick like CDO's, derivatives, NFT's, Forex etc. You might make money off it if you know what you are doing; but if you don't, then you are likely to lose money . So it is safer to stay away.

Ham_bone_7237

Grab a bag of $SUS, grab an NFT (only a few left), and stay sus!

Vexaus

Even tho it’s not really crypto I made a ton of $$ off cases/knives in CS. Outperformed 100% of these trash NFT “games”. Could always convert to BTC or whatever, whenever I’d like. Valve really captured lightning in a bottle.

Vexaus

Even tho it’s not really crypto I made a shit ton of money off cases in CSGO. Definitely outperformed 100% of these NFT slop games. Was able to lock in profits into BTC which rose even further lol

bnbfinance

I see Star Atlas has crashed and burned. What happened to those $250k NFT spaceships?

Win_with_Math

Maybe someone would be willing to trade their metaverse real estate for an NFT?

harveytent

Virtual land and NFT’s were about as dumb as possible. They make tulip mania look smart.

skullet82

Damn, those poor basterds probably decorated their virtual houses with NFT's too. Poor guys.

49ner4life

Yeah but it came with a free NFT.

Calculonx

TIL people are still paying for NFT's

Immediate-Season4544

A lot of these people were Bitcoin and Etherium investors who made bank and thought NFT and Meta land were the next big thing.

ClearSnakewood

Good. Down the shitter with that centralized crap. Same fate like NFT’s 💩

Billy5Oh

NFT 2.0

coinfeeds-bot

tldr; The metaverse land market has experienced a dramatic collapse, with virtual land values plummeting from millions to mere thousands. Notable examples include a $24 million metaverse plot now valued at just $9,000, and a $450,000 Snoopverse estate in The Sandbox now worth $1,025. The decline reflects a broader repricing of digital assets, as buyers overestimated the long-term value of virtual neighborhoods. The NFT market has also seen significant declines, with trading volumes persisting but at much lower price points. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mr_Ander5on

As a long term store of value, Bitcoin is the only one. For blockchain technology, I don’t want Bitcoin to be the only one. I don’t want spam on the bitcoin blockchain, there’s a huge market for that and Bitcoin is not best technology. People don’t need the best decentralized platform ever protecting a cat NFT. Run BIP-110 and keep Bitcoin monetary and use the other faster blockchains for the tech stuff. 99.9% of the other coins are a scam. There’s a place for eth and sol, but personally I don’t buy them - I dca ICP. People will say it’s a scam, great - don’t buy it - make the same mistake you did writing off Bitcoin without researching it in 2010 (like me lol.) Read the ICP white paper. Look at the recent news - signing deals with governments, being used in stores. It’s crazy fast, has actual use case and has chain key technology for integration with other chains. The market cap is like 1.5B. Its a 100X or more in 5-10 years, that’s only 150B which is 2/3 of mcap of ethereum. TLDR: mostly btc and less icp

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Post is by: Mouflon77 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/SuperteamUK/comments/1rvafai/happy_6th_birthday_solana/ **Today, March 16, 2026, marks exactly six years since the creation of Solana’s genesis block.** Looking back at 2020, the timing of the launch seemed almost impossible as the world was entering COVID-19 lockdowns and markets were reacting. Yet, what began as a whitepaper by Anatoly Yakovenko proposing Proof of History (PoH) has evolved into one of the most resilient and active ecosystems in blockchain history. **The Journey: Six Years of Milestones** * **2020 (The Genesis):** Mainnet Beta launches on March 16 with SOL trading at roughly $0.50. * **2021 (The Breakout):** Solana explodes into the mainstream. The NFT boom (Degenerate Ape Academy) and "Solymer Summer" send SOL to a peak of $260. * **2022 (The Reckoning):** The network survives its "darkest year," weathering the Wormhole exploit and the FTX collapse. Many wrote the network's obituary when SOL fell below $10, but the developers stayed and kept building. * **2023–2024 (The Recovery):** Solana stages a "phoenix-like" comeback with major partnerships like Visa for stablecoin settlement and Google Cloud running a validator. * **2025 (The Institutional Era):** Solana hits a new all-time high of 1 billion in net inflows within just six weeks. * **2026 (The Present):** Today, Solana handles 148 million non-vote transactions daily which is a staggering 148x increase since its first year. Key Performance & Infrastructure Wins * Firedancer is Live: The long-awaited independent validator client from Jump Crypto launched on mainnet in December 2025, bringing critical client diversity and the potential for 1M+ TPS. * Network Stability: As of late 2025, Solana had achieved a historic streak of 662+ consecutive days without a network outage, proving that the infrastructure has matured significantly since the turbulence of 2021–2022. * Real-World Assets (RWA): Major institutions are no longer just "testing" Solana. Galaxy Digital tokenized its Nasdaq-listed stock on-chain, and Figure filed with the SEC to natively issue equity on Solana. * Mobile Revolution: Following the sell-out of the Saga, over 150,000 people have pre-ordered the Solana Seeker, shipping mid-2025/2026 **What’s Next?** The **Alpenglow consensus upgrade** is expected soon (Q1 2026), targeting **150ms finality** approaching the speed of traditional web services. Six years in, Solana is no longer just "the Ethereum Killer" it has carved out its own identity as the premier **consumer layer** for high-frequency DeFi, gaming, and global payments. **Cheers to the Solana community and everyone who built through the bear markets!** We in London will be celebrating in the heart of London with Solana's 6th Birthday Party! I believe waitlist is full but can put your name in in case they open some spots: [https://luma.com/Solana6thBday?tk=XQUihS](https://luma.com/Solana6thBday?tk=XQUihS) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Bluejumprabbit

Liquidity flows would be the most important to spark the discussion, retail voices on CT follow what happens onchain. You can talk about a certain narrative (example NFT) all you want but if no one is purchasing/selling NFTs then it dies down Volatility precedes CT noise

morikooocrypt

Looking at the big picture in 2026, I can say that BTC and ETH continue to show steady growth and have proven fundamentals. Tokens such as SOL, APT, SUI, LINK, and AI/gaming NFT projects have high potential but come with significant risk.

lenissius14

I would change the Btc thesis topic entirely and flip over to Blockchain or decentralized technologies in general. While it has some really cool applications, it seems that these still haven't bloom as they would have wished (NFT's scam was in part the issue) still I feel that we just have scratched only the surface of what can be achieved using this technology...definitely there is stuff that can be on Networking and Computer Protocols related to decentralized technologies

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Post is by: AZSportsMaven and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rsfttu/list_nft/ Hola, I've got an NFT from the first series that the Crypto.com ever released and I'd like to sell it. Where's the best place to list it? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Banker_dog

The same guy that was responsible for Coco Loco NFT rugpull? Seems trustworthy

baIIern

Are you talking to me or to the NFT? :D

ToffeeTango1

That's helpful! One addition from me: Coingecko tracks NFT floor prices, market cap, and volume across \~20 chains. If you're cross-referencing NFT activity with the broader token market (e.g. does an NFT collection pump when its ecosystem token moves), having it as a tool is useful.

Ourcrypto_news

Pudgy Penguins getting hit with a trademark lawsuit, didn’t see that coming. Shows how quickly NFT brands can run into real-world legal issues.

Drizznarte

Tokenisation won't bring value to the base chain . NFT 's is a race to the bottom, it's utility and competition will make the service almost free.

MaximumStudent1839

Pretty much everyone who built their name from the NFT and GameFi craze/era.

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Post is by: AdAncient6591 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rm0vrc/the_festive_executive_report_05_march_2026_2100/ Market Landscape: The Analytical Reality The broader Solana ecosystem is currently navigating a structural correction rather than a seasonal dip. Analytical data from the last 24 hours confirms that SOL is trapped in a tight consolidation range between $82.00 and $95.00, currently holding at $91.05. While the daily active address count remains high, the economic engine—specifically the high-velocity NFT and retail sectors—has seen a 62% decline in trade volume compared to the previous month. This liquidity crunch is not due to a lack of interest but a shift in capital toward "Safe Haven" assets. With Bitcoin stabilizing near $72,000 and major corporate treasury expansions making headlines (e.g., American Bitcoin hitting 6,500 BTC), institutional eyes are on the macro chart, leaving the independent art galleries to weather a temporary period of price discovery. ​The Human Element: The Psychology of the Standoff On the human side, we are witnessing a classic case of "Buyer Paralysis." The sentiment across Reddit and X indicates that while collectors recognize the value of museum-grade 8K rendering and deep-lore assets, they are psychologically tethered to the "fear of the dip." We have identified a core group of observers—four active sessions in the Yard tonight—who are currently auditing the 20.9 SOL flagship. They aren't just looking; they are reading the 29-volume history, looking for the human ritual behind the screen. The standoff is simple: the market is waiting for a "permission candle" (a break above $95) to be brave. Until that moment, the 35-year CEO ritual continues in silence. We are not chasing a fickle crowd; we are maintaining the staircase of excellence for the one who recognizes that the best time to enter a fortress is before the storm clears. ​The Sovereign Verdict The data proves the work is institutional-grade; the psychology proves the market is currently small. We rule the wait because we know the math of the legacy. ​Thank you for your time, Thomas Harrison Founder of Festive Official Brand *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/pudgy-penguins-facing-major-trademark-lawsuit/ Pudgy Penguins Facing Major Trademark Lawsuit https://animalverse.social/pudgy-penguins-facing-major-trademark-lawsuit/ \#PudgyPenguins #PenguinBrand #NFTNews #NFT #CryptoNews #Trademark #IPLaw #Web3 #NFTCommunity #NFTProject #CryptoUpdate #NFTMarket #BrandDispute #Web3News #NFTBrand #CryptoLaw #NFTDrama #BlockchainNews #IPDispute #NFTWorld *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/34949/ PEI Licensing, the owner of the Penguin apparel brand, alleges that the Pudgy Penguins NFT brand has committed trademark infringement, according to a filing with the federal court. https://animalverse.social/community/p/34949/ \#PudgyPenguins #PenguinBrand #NFTNews #NFT #CryptoNews #Trademark #IPLaw #Web3 #NFTCommunity #NFTProject #CryptoUpdate #NFTMarket #BrandDispute #Web3News #NFTBrand #CryptoLaw #NFTDrama #BlockchainNews #IPDispute #NFTWorld *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

TotalArgument5072

https://preview.redd.it/un30ep7sm4ng1.jpeg?width=1179&format=pjpg&auto=webp&s=374ecad6a34076f43e7b7b251875abefab0e51ea SOL, stronger ecosystem momentum, higher liquidity, more real DeFi/NFT activity, and historically better upside beta in bull cycles.

Sandvicheater

Past price crashes and recovery was thanks to that Crypto still had "hype" producing new innovations like NFT (LOL) or payment replacement from the Visa dictatorship not to mention that BTC was going to $1,000,000 "soon". Then that hype faded, AI took control of the narrative and boomer shit like gold and silver is coming back in fashion and in full force.

Ourcrypto_news

Looks like a packed session! Excited to hear insights on BCH developments, the Layla NFT, BIP-37 research, and what Kallisti & 00TATTS bring to the table. KennBosakLIVE always digs into **both tech and community updates**, so should be a good one.

SpiderZarck

ust aped in after seeing the 51 SOL NFT listing. if someone's pricing a free mint at $7K that tells me everything I need to know

Ourcrypto_news

For Koinly (or similar services), you generally give: 1. **Exchange accounts & wallets** – either via **API keys** or CSV exports. This includes Binance, Coinbase, Kraken, MetaMask, Ledger, etc. 2. **Transaction history** – deposits, withdrawals, trades, staking rewards, airdrops, etc. 3. **Fiat deposits/withdrawals** – so Koinly can track gains/losses in your local currency. 4. **Fees** – most exchanges include these in your CSV/API, but double-check. 5. **Other income** – mining rewards, DeFi yield, NFT sales, etc., if applicable.

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Post is by: State_ment and the url/text [ ](https://goo.gl/GP6ppk)is: /r/LXVII/comments/1rhz1k1/lxvii_governance_is_now_live_onchain/ LXVII just made the transition from a simple token to a structured ecosystem. Our Governance is officially deployed on Solana. That means: • Community voting is live • Treasury decisions are proposal-based • Future milestone burns require approval • NFT & ecosystem expansions go through governance • No APY. No financial promises. Pure structure. Transparent development. Community-driven direction. ⸻ 🔐 DAO Treasury Official DAO Treasury Address: 2pQFwvH3apeFm3am9cWAsTiZVWZvMtgtr1RNiQDHnL79 Funds inside this wallet are controlled by governance proposals — not by one individual. ⸻ Current Status • Mint disabled • Freeze disabled • No influencers • No paid pumps • No VC backing Just community power and steady building. This is where projects either mature… or disappear. We’re choosing to build. $LXVII 🔥 *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

pfjarschel

I keep coming back to that market cap table. WIF peaked at $4 billion. a dog. in a hat. Solfart has five exchanges, a burn engine, $6M liquidity, instant delivery, AND an NFT collection. at $203K. someone explain to me how this isn't the most asymmetric bet available right now.

ukulele87

Blockchain is the future of everything, so obviously blockchain games are the future of gaming. There is a long history of excelent NFT games, and gamers love the idea of NFT/blockchain tech in their games. Its not only super trendy (95% of all games today use blockchain technology), it will keep getting bigger. Our estimates are 110% of all games will be on web3. So its not a risk at all, its a sure thing! buy some gaming tokens! I recommend some big projects, preferably an MMO supporting millions of players simultaneously, extra points if it takes place in a 1:1 replica of the universe. Why optimize the backend when you can burn 3 amazon rainforests trying to verify the exchange of 2 items between players! I smell the burning opportunity of the future!

Baseic

So the web 3 narrative now is to just memoryhole all the NFT bullshit and pretend it was only about crypto payments (which still it's barely used for)?

dimonoid123

Buy NFT, claim tax losses, profit?

SecureWriting8589

Out of curiosity, did you happen to invest in the NFT market as it was crashing and burning?

SeriousGains

This is an indictment of NFT’s not TRON. Go compare stablecoin volume and blockchain revenue to your favorite platform. If you’re here celebrating the fall of TRON you’re not going to like what you see.

Liteteam

Pretty much all nft volume on any blockchain is wash trading. NFT's are what is flopping. Some of have quoted a number that 96% of nft collections are dead. This article makes no mention of the NFT decline on blockchain as a whole, therefore it is a pathetic, lazy, and lame article with 0 context.

coinfeeds-bot

tldr; AINFT, formerly APENFT and promoted by Justin Sun, claims to be the 'Biggest NFT Trading Platform on TRON.' Despite heavy promotion, the platform has seen minimal activity, averaging just $6.24 in daily trading volume. Its top project recorded only $43.68 in weekly volume. AINFT has shifted focus to AI features, including tools for AI agents and decentralized AI model training, though many features are yet to launch. The AINFT token has lost 25% of its value over the past year, and the platform is linked to legal disputes involving art transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

3tc4tc

I care about money. and the money math on Solfart is stupid simple. $0.0002 right now. $0.0017 at listing. five exchanges confirmed not rumored. that's 8.4x sitting there waiting. I put in a grand last week and if listing hits target that's $8,400 plus I got a free Butthead NFT out of it which honestly I didn't even know was a thing until after I bought. the burn engine is the part nobody talks about enough. every day GoMemeCoin ad revenue buys tokens and deletes them forever. supply goes down while you sleep. meanwhile DOGE literally prints infinite coins and people hold that with a straight face. idk man. r/solfart if you want to see what 0% community anger looks like in crypto. I didn't think that was possible either.

3nino

registered IP • games published as day 1 releases on the Play Solana console PSG-1 • partnership with art platform DripHaus and hundreds of original custom made pieces of art • merch shop • DAO • charity donations to Little Sunshine Pledge and SchoolOfNFT • NFT collection with built-in rewards mechanism • IRL events (maps handouts, booths, sticker contests, ads in Times Square, plane with $HEGE banner) • more community-made games • more contests, raffles, competitions, giveaways • weekly TA sessions and blog updates • collab with Capitoday for X Spaces + working on our own Spaces format • a shitload of stuff I'm forgetting welcome to the Hege fund.

3nino

• registered IP & company • games published as day 1 releases on the Play Solana console PSG-1 • partnership with art platform DripHaus and hundreds of original custom made pieces of art • merch shop • DAO • charity donations to Little Sunshine Pledge and SchoolOfNFT • NFT collection with built-in rewards mechanism • IRL events (maps handouts, booths, sticker contests, ads in Times Square, plane with $HEGE banner) • more community-made games • more contests, raffles, competitions, giveaways • weekly TA sessions and blog updates • collab with Capitoday for X Spaces + working on our own Spaces format • a shitload of stuff I'm forgetting welcome to the Hege fund. 

coinfeeds-bot

tldr; The BCH Bullet for February 22, 2026, highlights key updates in the Bitcoin Cash ecosystem. Layla NFTs for BLISS 2026 are selling quickly, with 48 of 100 sold. Episode 175 of the Bitcoin Cash Podcast features Tone Vays discussing the Bitcoin civil wars and blocksize history. BCH hashrate surged after a BTC difficulty adjustment, reducing block times to ~6:51. Over 45 teams are building on BCH-1 Phase 2, and CashMint activity is growing with NFT minting and auctions. Paytaca v0.23.1 launched with DEX integration and multisig beta, while UTXO-Z v0.3.0 introduced major improvements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Pale_Leader_926

Looks like Justin Sun's legal woes are piling up faster than a graveyard's headstones. I wonder if he’ll start offering lawsuits as an NFT - guess that would be one way to cash in on the chaos!

HSuke

Yeah. Every cycle is different. * **2014** - Cycle ended hard with Mt. Gox collapse * **2018** - Felt like a gigantic bubble when retail entered hard. Contrary to popular belief on this sub, I think most logical retail investors (at least the more intelligent ones) left during this cycle. * **2022** - Cycle ended hard with the FTX collapse, crypto hedge fund collapse, CEX collapse, NFT collapse * **2025** - No sudden collapse. Instead, it's a slow decline of all the Bitcoin/crypto narratives. Retail just isn't interested anymore. They've moved onto other speculative assets.

GreedVault

He is collecting lawsuits like they are part of an NFT collection.

thorsten139

Well it's pointless. Just copy the NFT design? If you want to verifyt he chain, an encrypted access key does the same job Doesn't sound like a good use case to me

Ok_Buffalo1328

If not a currency bitcoin got retrograded to NFT

rolasc

There is use cases for NFTs. But they are simply not popular. For example, holding a NFT to access some private service, etc.

No_Vacation369

Crypto will go the way of NFT.

pr2thej

In 20xx, xxxxx xxxx purchased an NFT for £xxxx. Its now worth £xx.

InTheHamIAm

Just like websites are amazing technology taken vantage of by scammers, NFT’s are amazing technology taken advantage of by scammers.

andys811

NFTs are more than just jpegs, they have functionality beyond speculation and memes, for example if you open a liquidity pool position on a defi platform you will get an NFT that represents your ownership in the pool, they do have utility, just not the kind of NFTs people often talk about

veni_vedi_vinnie

did you actually use NFT and utility in the same sentence?

s_dot_

What have you been doing in crypto for over a decade, living under a NFT rock?

TR_RTSG

Crypto isn't dead, but it squandered most of its good will with the public during the NFT craze. NFTs would be super useful for recording and tracking important public information like land deeds, titles, stock trades, but instead we decided it would be best to associate them with ugly pictures of monkeys. I also think Etherium giving the middle finger to their most enthusiastic supporters (the miners) poured a whole lot of cold water on everything.

Still_Lobster_8428

Bro.... how many people in this sub invested into NFT's..... Sit down. 

Still_Lobster_8428

You could launch a token and make a cool backstop for a cartoon cat and suck $3m of invester money in..... Just look at the NFT BS.  People are stupid.

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Post is by: JustinCPA and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1r9ziig/1099da_fear_mongering_needs_to_stop/ Holy hell. This tax season feels like driving down a bumpy dirt road at 80mph. The sheer amount of 1099-DA posts in the last 48 hours is overwhelming. So many people asking the same questions... paired with pervasive fear mongering on every social platform I go on -- I want to bang my head against a wall. Clearly a lot of confusion in the air. I’m a CPA specializing in crypto tax, a mod of [r/CryptoTax](https://www.reddit.com/r/CryptoTax/), and a product lead at Summ, a crypto tax software company. I wrote a [full guide on how to NOT OVERPAY TAX](https://np.reddit.com/r/CryptoTax/comments/1qzk3he/dont_overpay_a_cpas_guide_to_why_your_1099da_cost/) here. This post will serve as a no-BS guide to what actually matters, where common pitfalls are, and answers to the most frequently asked questions. ***Disclaimer: Not tax advice, educational purposes only, consult your own tax professional*** **Quick summary before you read:** * Accurately reporting all your activity is what you should be focused on * The [1099-DA](https://www.irs.gov/pub/irs-pdf/f1099da.pdf) is the start of the conversation, not the way you file your crypto taxes * It is informational, not your tax return * It does not replace [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf) * For 2025, cost basis is NOT reported to the IRS, and the reports provided to you may have $0 or "unknown" cost basis (by design) * Missing basis ≠ taxable gain * Blindly importing or relying on this form is how people overpay tax # What do I do with the 1099-DA? As I mentioned in the [guide to not overpaying your tax](https://np.reddit.com/r/CryptoTax/comments/1qzk3he/dont_overpay_a_cpas_guide_to_why_your_1099da_cost/), using the 1099-DA alone will likely result in overpayment due to the missing/unknown basis. If you've only ever traded on a single exchange, have never transferred any assets in to an exchange (in 2025 or prior), and your 1099-DA includes accurate cost basis for all disposals, then the next steps are not for you. For everyone else, here's what I suggest: **Step 1.** Import your 1099-DA into a crypto tax software **Step 2.** Add in your other wallets and exchanges as applicable (including DeFi wallets and non-US exchanges) **Step 3.** Review your transactions to ensure consistency between the software and the 1099-DA **Step 4.** Download your 8949/Sch D ready to file # Ok, but do I NEED to use a crypto tax software? Absolutely not. For the excel freaks out there, would love to see what you come up with. If your activity is simple (one or two exchanges) and you’re confident in your cost basis tracking (e.g., properly applying FIFO across transfers and disposals), you can probably manage without software. Software is simply a tool to: * Aggregate data * Ensure you’re not underreporting taxable activity * Prevent overpaying by tracking and filling in missing basis * Provide a paper trail to support your calc # Do I file the 1099-DA in my return? No. The 1099-DA is informational only. You use it to help build your 8949, which is what you actually file. # Why is my cost basis "unknown"? Simple. Exchanges do not know the cost basis for any asset transferred into a platform. This includes assets: * Bought off the exchange and transferred in * Bought on the exchange, transferred off, then transferred back in There’s no way for the exchange to know it’s the same asset. So basis is reported as “unknown.” That said, under IRS [Notice 2025-7](https://www.irs.gov/pub/irs-drop/n-25-07.pdf) Section 4.02 (Temporary Relief), taxpayers may calculate and use their own lot identification if they maintain adequate records and properly identify lots. This means you can report your cost basis using your own records. # What's included (and not included) on the 1099-DA? The 1099-DA does not cover all your taxable crypto activity. **Transactions typically included:** * Crypto → fiat sales * Crypto → crypto trades (with exceptions) These transactions will show the asset sold, the number of units, gross proceeds, cost basis (often missing or incorrect), date acquired, date disposed, and gain/loss. **Transactions typically not included:** * Transfers off the exchange * Certain NFT sales under $600 (subject to reporting thresholds) * Certain stablecoin sales under $10,000 (subject to reporting thresholds) * Wrapping / unwrapping * Most staking and unstaking * Lending transactions * Rewards, interest, staking income (usually on 1099-MISC) * All on-chain activity (DEX trades, DeFi, etc.) **Important note:** Just because something doesn’t appear on the 1099-DA does not mean it’s non-taxable. You are still required to report all taxable disposals on your own 8949 as you have in prior years. # I only transferred crypto off the exchange, why is my 1099-DA showing disposals? When you transfer crypto, you generally pay a gas/network fee. Under IRS rules, those fees are taxable disposals. The transferred assets are not taxable, but the gas fee is. That’s what you’re seeing. # What do I do if my 1099-DA is straight up WRONG? Unfortunately, we’re seeing reports of this happening. One person even said their cash buys are showing as sales. While I haven’t personally verified these cases, I’m not shocked errors are surfacing. Do not ignore it. **Step 1.** Calculate your TRUE taxable liability. The number you can actually defend. Load all your data into your crypto tax software (or your model), ensure completeness and accuracy, and generate your report. **Step 2.** Contact the exchange and request a corrected 1099-DA. It may feel like trying to wrangle a bull with floss, but showing a good-faith effort matters. **Step 3.** File an extension. This buys time for corrections. **Step 4 (Optional).** Attach an explanatory memo to your return outlining: * The error * Steps taken to correct it * How your 8949 reflects accurate taxable activity # Will I be audited if my proceeds don't perfectly match my 1099-DA? Unlikely. Yes, the IRS has matching systems. But they focus on signal over noise. If: * You report all taxable crypto activity (including DeFi and non-US exchanges) * Properly categorize 1099-DA transactions on the correct 8949 checkbox * Use a defensible methodology …you are unlikely to face enforcement action over small mismatches. Historically, with other regulatory rollouts, the IRS has eased into enforcement. They’re more focused on those flat-out not reporting than someone whose numbers are slightly off. # But what about about automated notices like the "please explain" CP2000? The IRS does have an automated matching system. But as stated [here](https://www.irs.gov/taxtopics/tc652), when mismatches are identified, a tax examiner manually reviews the return. The narrative being pushed that a few cents of variation automatically triggers a notice is complete fear-mongering nonsense. Further, even if minor mismatches do result in notices (which is unlikely), responding is actually quite straightforward. If you've reported all taxable activity, used a defensible method with a clear record of how you calculated your numbers (like a software), then the response is as easy as a one pager explaining how you populated your 8949 plus your capital gain/loss report showing the trades and the accounts where they occurred. You could remove wallet addresses and just say "DeFi" instead of a wallet address. ChatGPT could spin up a response and you'd be back to enjoying life in minutes. # Why can't I import my tax form to TurboTax? Early this tax season, TurboTax quietly removed the ability to import the regular gain/loss CSV produced by tax softwares. TurboTax is updating their flow to allow for a PDF import, but it's unfortunately taking some time. There are workarounds available, but a bit more manual. Hang tight, a solution should be available soon. # What are the biggest mistakes people are making right now? Easy. There are two: 1. Treating the 1099-DA as the sole source of truth and drastically overpaying by failing to reconcile cost basis as discussed [here](https://np.reddit.com/r/CryptoTax/comments/1qzk3he/dont_overpay_a_cpas_guide_to_why_your_1099da_cost/) 2. Ignoring it entirely and either not reporting crypto at all (fraud) or grossly misplacing transactions in the wrong 8949 checkbox These are easy to avoid. # I want to do the right thing, what should I focus on? If you’re making a good-faith effort, you don't need to be anxious. Focus on: 1. Reporting **all** taxable activity (exchanges, wallets, protocols, etc.) 2. Placing 1099-DA transactions in the correct checkbox on the 8949 3. Ensuring there are no material pricing discrepancies between your 1099-DA and your 8949 That’s it. Everything else is secondary. While this absolutely can be done manually, your tax software should be prioritizing these things to ensure your reporting is compliant and defendable. # Who should I trust if I want additional help? Many CPAs and tax professionals are excellent, but not all specialize in crypto or understand the 1099-DA and new tracking/fee rules. If you seek professional help, make sure they are well-studied in crypto tax. For anyone needing help, here is a list of vetted [tax pros familiar with crypto.](https://summ.com/us/crypto-accountants-near-me) # Bottom Line The fear mongering needs to stop. Most people are trying to do the right thing. At the end of the day, what the IRS cares about is that you report your activity. Yes, there are some additional hoops to jump through like proper check boxes and ensuring proceeds aren't wildly inconsistent, but if you’ve reported your activity accurately, you should not lose sleep this tax season. Cheers. Don’t stress. JustinCPA, Product Lead @ Summ *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit

wangshangguan

I would vote against it. For context I’m a long-term BTC holds since 2020, bought what I could afford at that time and never sold any of mine. In contrast, I did something similar to what you are thinking during the NFT boom, I took out a credit card loan of $10K, which was about 1/3 leverage, thinking I could capture more upside, i didn’t. The mere level of difficulty of investing is already hard, adding leverage on top of that will distort your trading mindset. Ended up repaying the loan early and fortunately sold most of my NFT and was able to break-even before the whole thing collapsed. But since then I know I would never invest with borrowed money again. Only put in the market what you can afford to lose with no repayment time constraints

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slodojo

and that NFT is actually worth about $0

SnooChickens7147

Scarcity doesn't equal value..just look at the "limited supply" of Beanie Babies or failed NFT collections. Having only 21 million coins is irrelevant if the value for them is being cannibalized by better-performing assets.

SnooChickens7147

Not every time..look at NFT

SnooChickens7147

Waiting for $5k" is the ultimate admission that the asset has failed. If a "global reserve currency" needs to lose 95% of its value just to be a "good buy," it’s not an investment..it's a collectible for gamblers. Here is why your "25x recovery" logic is the same trap that killed the NFT market: People said the same thing about Bored Apes at $200k. "If it drops to $5k, it’s a steal!" Then it dropped to $5k, and nobody cared because the utility was zero and the social contract was broken**.** Without constant upward hype, these assets don't "bottom"..they just become irrelevant.

Logicalora

Nah, you have a point, but what people are asking here is for TRUTHFUL or at the very least OBJECTIVE answers. Cornering shills is obvious, and the fact that they maintain the illusion and deny reality is what irks people. Think about NFTs. If someone is STILL answering questions about NFT value today with "trust me, we will keep acquring NFTs and they will bounce back 10x" - you just gotta discredit that person as dishonest and a con-artist. Saylor painted himself in a corner. This is not just a losing strategy, it's an undefensible position. And you're right that it feels unfair to kick him while he's down, but at the same time, the fact that he is still peddaling bullshit and lying is exactly why people are going at him.

Unusual-Ad-3180

NFT don't make sense because there's no market behind them. But pixels sell for a lot, like in csgo because you can show them off in a game you play.

KarimHann

True…… the memecoin hype was just like the NFT one. NFT is what brought eth to 5k previous cycle and without it it didn’t perform that well

loiloiloi6

Floor price refers to an NFT collections floor as a whole, there can’t be a floor price for an individual piece because it’s unique. Someone else pointed out that it has an offer for 2 eth though, I missed that before. But yeah the collections floor price aka realistic sale price is around $160, for an average piece and not this one which is the highest rarity.

Bubmack

He didn’t buy a NFT, though.

MyDogEatsPizza

Even if he did buy the NFT and it's worthless now, do you think Logan cares? Logan is supposedly worth 150 million and makes about 20 mil a year

cinnapear

The NFT craze is fucking stupid but I guess there are some silver linings.

ksrti

It actually reminds me of Logan Paul.... only difference is the NFT used to thousands of dollars but now only few hundred and he himself was/is and always will be worth hundred of dollars.

QING-CHARLES

It's not actually for sale, but as poster below says you can make offers on items that are not for sale. The current top offer is $3000 of Ethereum crypto: [https://opensea.io/item/ethereum/0x3bf2922f4520a8ba0c2efc3d2a1539678dad5e9d/717](https://opensea.io/item/ethereum/0x3bf2922f4520a8ba0c2efc3d2a1539678dad5e9d/717) If you look at the activity on the rest of the collection, they are averaging under $200, so the OP's quoted Tweet is basically correct on the actual value of the NFT right now: [https://opensea.io/collection/0n1-force/activity](https://opensea.io/collection/0n1-force/activity) Logan has an enormous collection of "valuable" NFTs, but it's incredible to see that the entire collection is now worth less than just one of these 3000 items would have sold for in 2021: [https://opensea.io/logz](https://opensea.io/logz) (also he has a stack of cash stored in that account too, and he lacks a BAYC, which is surprising. all his apes gone)

BreBhonson

He paid 5 million for a pokemon card a couple years ago and just sold it for 15 million. I don’t think the NFT idea is too far off. They’re collectibles. NFTs are just ahead of their time. The tech is brilliant but there’s no real use for them at the moment. QR codes were obsolete for 10-15 years before there was actually a use for the them

4Realkevv

Whoever bought NFT needs therapy how did people not see that it was scam

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Post is by: CoinSausageIO and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoHelp/comments/1r6ppkk/would_this_tool_be_useful_for_cryptocurrencies/ Hi guys, I’ve been working on this tool to help myself doing research on blockchain projects. When I first started exploring cryptocurrencies, there was a lot to learn about the projects before investing in them. I often discovered new projects through CoinMarketCap and CoinGecko. Then I would manually search for news and visit suggested links on Google and X posts. Some links were legitimate and some were not. The safest way was going back to CoinMarketCap and CoinGecko to use the project’s listed links. That became my go-to research method. Later, I found out that CoinMarketCap and CoinGecko offer API databases, which led me to learn more about it. I chose to build a Chrome extension because the pop-up feature opens quickly with just a click from browser extension icon that saves a lot of time compared to loading multiple websites. I’m using CoinGecko API as the data provider because it has some useful endpoints such as warning indicators like trust score and public notices. Trust scores can somewhat warns people about rugged pull based on the market liquidities. Most interesting is the public notices, if there are major updates or news on a project, CoinGecko will give direct links to that news. I see this could be useful for everyone, especially for beginners in the crypto space. So I decided to build a complete version to publish it on Chrome Web Store. It does not require a wallet connection or any personal crypto data to use the extension. However, you will need to sign up for a CoinGecko’s demo API key. It is free and it does have monthly limited data retrieval. About naming the extension, I was going to go with CoinSources, but I wanted something more fun and friendly so I decided to turn “Sources” into “Sausage” since they sounds sort of similar. Fast forward to today, CoinSausage is now live on the Chrome Web Store. I’ve added many features, including a watchlist to keep track of multiple projects’ current prices, historical price charts, direct links to (social media, forum, homepage, transaction explorers), contract addresses, a manual entry portfolio calculator, top 1000 coins and category search to discover new projects. You can also check NFT floor prices, sales volume, and supply data. I am not trying to promote my extension but rather trying to get an honest feedback. This extension is not innovative or anything unique, but I hope this extension can somewhat help everyone doing research on cryptocurrencies. You can check out my Reddit profile for more information about CoinSausage. Please let me know if there is any improvement needed and suggestions to make this extension as resourceful as possible. Thanks so much for your time! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

thecornerview27

Remember NFT’s?!?!? 🤣 Paying thousands for pictures online….dumb ass generation

x3i4n

NFT lol. Digital pixels that can be traded freely

Vegas-Blues

NFT = biggest scam

partymsl

You should have been here in 2021 NFT mania 😂 People were paying fortunes for pics of rocks.

Every_Hunt_160

The pokemon card that he sold for 15m was previously put up for sale as a fractionalized NFT and 51% of the card was ‘sold’ to the community.. none of them are getting any of that 15m proceeds because he rugged them lol

roughback

All they had to do was back each NFT with some hard asset like a bond or something, something that anchors the value in a real and transferable way. Then ownership would also confer an asset that has an annual or whatever return percent of interest and gains money over time. But I'm poor so I don't get to make these kinds of decisions

BrilliantWheel

Honestly it feels good to be validated - i always felt back in 2021-22 that NFT was dogshit. But at the time, given so many accomplished people were touting it i thought maybe i was missing something. So good to know that my thought process wasn't wrong. Oh.. wait a min.. just in - Logal Paul also sold his Pokemon card for $16.5M (bought for $5.3M). Wow. Maybe some of these things just make sense when you have real FU money. For me even $1M is life changing freedom to pursue my own path.

Masta0nion

Ohh we didn’t like the discourse recently on NFT usage so we’re posting NFT loss porn? Cool cool cool.

rufio313

Supply and demand, I would bet you there is someone out there that would pay $155 just to have a story to tell about how he bought and NFT from Logan Paul that he paid $635,000 for.

Decentralization-God

It depends … If he still owns it, then he has unrealized loss and is still -635k 🤷‍♂️🤡👎 The NFT mania was kind of unreal to me. It was good or positive in that it revealed how many idiots are around.

6100315

I never understood the NFT thing, but I'm really hoping my crypto investments don't follow a similar path and look dumb in hindsight.

linknukem28

Of all the scams and meme coins in crypto. The whole NFT thing had to have been the literal dumbest thing to ever be remotely tied to this asset class

tenor_tymir

I remember when the first patch of NFT reddit snoos sold out within days. Crazy times! They are all worth zero now.