Startup Buys Up Worthless NFTs to Help Sellers Write Off Tax Losses
• Unsellable is a startup that buys "worthless" NFTs for a penny each to allow sellers to take tax write-offs on their losses
• The company says its average user has written off $4,200 in NFT losses so far
• Unsellable has amassed a collection of 26,000 NFTs from failed or derivative projects, charging sellers a small fee
• The goal is to eventually sell the platform and massive NFT collection to a crypto tax firm or as a museum of the 2021 NFT bubble
• Some buyers hope certain NFTs will rebound in value one day, while others see the collection as encapsulating the excess of the era