Vision

Since the boom in the NFT market began, there have been countless examples of massive gains as well as massive losses. The market quickly turned into a casino for collectors and traders to gamble on minting the next hit NFT. Volatility in collection prices, lack of demand, and countless scams and influencer pump and dumps created cause for concern in regards to liquidity.

We learned that liquidity can dry up extremely quick in NFT collections, leaving holders unable to sell. Even with the recent introduction of NFT liquidity pools, exit liquidity can be impossible to come by in many collections. Oftentimes, a total lack of demand creates the inability to realize a loss, even when listing the NFT at an extremely low price.

Jaypeggers is on a mission to help NFT collectors realize their NFT losses through harvesting and ultimately decrease their tax liabilities.