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NFTs (Non-Fungible Tokens)

A non-fungible token (NFT) is a unique digital asset. Non-fungible means that the asset is a non-interchangeable or irreplaceable. It could be songs, images, or representations of ownership of both digital and non-digital items.

SFTs (Semi-Fungible Tokens)

A semi-fungible token (SFT) is a digital asset that is not unique. We don't cover SFTs here. If you are unsure whether you have bought or sold an SFT and therefore uncertain about how to report losses and gains, we recommend that you request a binding ruling.