Musician made $3M selling NFTs and lost it all to taxes and a crypto crash
After earning $3 million from NFT sales, Jonathan Mann watched it vanish in a crash, and now he’s turned the ordeal into a painfully honest crypto tax tune.
Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale.
In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed during the Terra ecosystem collapse.
“This is the story of how I made three million dollars and lost it,” Mann sings. “And how I owed the IRS more money than I made in 10 previous years.”
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