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by: xpoolPosted on: June 7, 2025

Musician Loses $3 Million in Crypto Crash: NFT Market Volatility Exposes Financial Risks

Independent musician Jonathan Mann suffered a significant financial loss of $3 million when his music NFTs, sold on the Ethereum blockchain, were wiped out by market fluctuations and high taxes. This incident raises concerns about the inherent volatility of the NFT space and highlights the need for sound financial planning in crypto-based ventures.

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  4. NFTs and Taxes: A Musician’s Nightmare Illustrates Complex Landscape
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