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Is the NFT fad dead?

The Morning Brief

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The Future of NFTs

The company has seen its India market grow to 60,000 active users Karmesh however feels that going ahead their focus will shift to the US which offers a bigger market opportunity Indian NFT holders and companies. New virtual digital asset norms were introduced in 2022 as per the latest guidelines VDA's which include NFTs will be taxed 30% on profit and a 1% tax will be deducted at source on each trade this was Karmesh' first brush with regulators.

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