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What CPAs should know, and ask, about NFTs

Journal of Accountancy Podcast

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What Are the Challenges of a Nft?

The outstanding challenges of cripto, i mean, there are quite a a few out that, right? As in any new assed class or financial instrument, there are always going to be questiond. Now, for nft connected to a real physical asset, who has rights and obligations to it? One and then two. We track the actual providence of this ownership as these nfts, after being auctioned off, are then traded, swapped all the rest,. And then ultimately, point three is, how do we audit a nft writ eco?

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