Do NFTs mean anything to you?

This notion is increasingly mentioned on the markets. NFTs (non-fungible tokens) are tamper-proof digital certificates that certify the authenticity of a virtual object.
The current question is whether NFTs are the future of property or a world reserved for collectors and speculators?
 
Let's try to see it more clearly in a few words...

The NFT stands for “non-fungible token” or “non-fungible token (not interchangeable with another same type of token)”. The principle of these “tokens” is linked to that of blockchains with decentralized computer protocols that will make it possible to encrypt and secure financial transactions through the Internet network. NFTs mainly use the second most important blockchain (after that of Bitcoin), named Ethereum (ETH).
 
To sum up, a token in the blockchain makes it possible to attest to the validity of a transaction. It is tamper-proof. These certificates explode the sectors of digital art, next-generation video games and many sectors to come.
 
John Karp, author of NFT Revolution affirms “the NFT is for me the Trojan horse of the blockchain in the physical world and it will spread little by little in all sectors”.
Indeed, thanks to NFTs it is possible to buy, collect, resell and speculate. The digital certificate makes it possible to indicate the authenticity of the work but also to know who sold it, who bought it and for what sum and at what time. As a result, the NFT makes the digital work both unique and traceable.
 
What regulation and taxation for NFTs?

To date, no regulation (law, decree, ordinance, etc.) rules directly on NFTs in France. As a result, NFTs navigate their own world, outside of any legal framework.
Nevertheless, the law does not like a legal vacuum and therefore prefers to reason by analogy in order to attach NFTs to a category of assets or property and to apply the same legislation to it.
For buyers, the classic taxation of the sale of digital assets and the famous Flat Tax of 30% must be applied. Effectively, the tax-generating event remains the exit from the virtual world to the “real” world, ie the exchange in fiduciary money.
 
What are the economic impacts of NFTs in our current world in the event of a real expansion?
The total value of sales of "virtual object certificates", the famous NFT, has increased tenfold compared to 2020. It reached 2 billion dollars in the third quarter of 2021. Some specialists see the transition to a purely virtual economy, that of cryptocurrency.
Through these auctions at astronomical prices, a whole NFT market is emerging.
The boundary between the real and the virtual continues to thin. The probability of seeing the merger of these two worlds could be confirmed in the more or less near future, as we had already mentioned in a previous article on the metaverse.

https://www.wealth-a7.com/fr/actualites/le-metaverse-quand-la-frontiere-entre-réalite-et-virtualite-s-amincit-/
 
It can be difficult to understand digital developments as well as the consequences on current markets, which is why your Wealth A7 firm accompanies you with dedication.
 
In a changing world, Wealth A7 is always by your side to bring your desires to life!