{"id":30837,"date":"2025-06-08T17:16:37","date_gmt":"2025-06-08T17:16:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30837"},"modified":"2025-06-08T17:16:37","modified_gmt":"2025-06-08T17:16:37","slug":"musician-made-3-million-from-nfts-then-faced-a-brutal-tax-hit-and-crypto-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30837","title":{"rendered":"Musician Made $3 Million From NFTs \u2014 Then Faced a Brutal Tax Hit and Crypto Crash"},"content":{"rendered":"<div>\n<p><strong>Jonathan Mann<\/strong>, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song. This follows a $3 million loss he suffered due to a market crash.<\/p>\n<p><strong>What Happened:<\/strong>\u00a0Mann, who is recognized for his \u201cSong A Day\u201d project, recently released a track that narrates his financial misfortune. In a post on X, Mann shared that he made a whopping $3 million by selling his entire song catalog as NFTs. However, he lost it all during the collapse of the Terra ecosystem.<\/p>\n<p>According to his post, on Jan. 1, 2022, Mann embarked on his crypto journey, selling 3,700 songs at $800 each. This earned him approximately $3 million in Ether (ETH). However, the value of ETH plummeted, leaving Mann and his wife uncertain about the right time to sell or the amount to sell. Adding\u00a0to their woes, the US\u00a0Internal Revenue Service (IRS) came\u00a0knocking.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">6000 days.<br \/>6000 songs.<\/p>\n<p>A story that almost &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/entertainment\/25\/06\/45829573\/musician-made-3-million-from-nfts-then-faced-a-brutal-tax-hit-and-crypto-crash\" alt=\"Musician\" made million from nfts then faced a brutal tax hit and crypto crash>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jonathan Mann, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song. This follows a $3 million loss he suffered due to a market crash. What Happened:\u00a0Mann, who is recognized for his \u201cSong A Day\u201d project, recently released a track that narrates his financial misfortune. In a post on X, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30837","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30837"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30837\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}