![]() It is clear that, for the first time, the traceability of the work to the artist can be inextricably linked to the work itself, without the need for experts to guarantee its uniqueness or originality consequently, thanks to the non-fungibility, the holder (the one who has the availability) of the token has exclusivity. ![]() if issued after the work, it constitutes a certificate of authenticity, which can be issued by the artist (or his/her heirs) or by the art gallery.if issued by the artist together with the work, it constitutes the “signature” and the uniqueness of the work.On first analysis NFTs can be distinguished: The second aspect is what constitutes an NFT related to a work of art. The first aspect to be cleared is that the transfer for consideration constitutes “income” for the normal value received, irrespective of whether one receives euros or cryptocurrency. Circulation of the separate NFT operation NFT issuance in conjunction with the workģ.1.NFTs, the taxation aspects to be consideredįrom a fiscal point of view, questions arise regarding the transfer and circulation of NFT. The possibility of inserting a particular piece of information makes that work non-fungible, unique and transferable. The use of NFTs allows for the creation of unique works of art, something that was not possible until now in the digital world, with the consequence that digital works could be easily copied without being able to distinguish one from the other. The current development of applications for NFTs is an interesting frontier, generating a number of explorations and experiments, which are now in the first implementation phase. The first form of NFTs was the CryptoPunks protocol, although the protocol later became successful with the CryptoKitties project. Non-fungibility therefore allows the tokens to be distinguishable from one another, and thus each token is different from one another. those cryptographic mathematical units whose function is exhausted in their ownership and have no other utility than their “uniqueness”. Non Fungible Tokens (“ NFT s”) are in the conceptual category of valueless tokens, i.e.
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