What exactly are taxed in NFT games?

[Mathew Wade]

The items you win by playing NFT games in an NFT marketplace for game assets are considered capital gains. As a consequence of this, you will be required to pay capital gains tax on them. You will be required to pay a percentage of the item's value when you sell it. Consequently, you will need to accurately record all of your winnings and losses when it comes time to file your taxes.

 

[mrainm]

NFT-based games (non-exchangeable tokens) do not yet have clear rules and standards regarding taxation. However, if one considers NFTs as assets, their sale may be subject to income tax.

In the U.S., for example, capital gains tax can be applied to NFT sales if they exceed a certain amount. Other countries may also apply sales taxes on digital assets, including NFTs servreality.com