Unsellable

Instantly sell your worthless NFTs; Harvest the losses

102 followers

Instantly sell your worthless NFTs; Harvest the losses

102 followers

Unsellable is a NFT Tax-Loss Harvesting tool that offers instant liquidity for worthless, illiquid NFTs. Now it's easy for NFT investors to unlock significant tax savings trapped inside their wallet, and take advantage of tax loss harvesting.

Launch tags:Crypto•Tech•NFT

Launch Team

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Promoted

Unsellable

Maker

Hey Product Hunt! Our team is so excited to launch Unsellable NFTs on Product Hunt, and share something that is saving people real money! We built Unsellable specifically because we were frustrated - first, by getting rugged and losing money on some of our NFT investments… and second, because they became illiquid, and we couldn’t even realize our losses to properly write them off. We realized that there were millions of dollars in unrealized NFT losses wasting away in wallets around the world, due to so many NFTs becoming illiquid. *You might even call them Unsellable* So we built a smart contract that would buy any NFT for $0.01, helping investors to lock in their losses and reduce their 2022 tax bill. To date, we’ve helped people Tax-Loss Harvest over 3,500 NFTs, and we estimate that we’ve been able to create over $100,000 in tax deductions! We are so excited that we’ve been able to help fellow NFT investors save so much money, and we are eager to share this tool with a much bigger audience here on Product Hunt!! Especially today! There are only 3 days left for people to realize their losses and score their write off for 2022! So please, go check out Unsellable and let us know what you think! I would love to hear any and all feedback in the comment section - we want to keep making this tool better and better for those NFT investors out there with money to save! If you think we’ve earned it, we’d love your upvote. Thanks for believing in our team, and sharing Unsellable!

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3yr ago

Getgud.io

@unsellablenfts It's clear that your team has put a lot of effort into creating a useful and valuable tool for the community. Keep up the excellent work!

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3yr ago

@unsellablenfts Best of luck, the product looks amazing!

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3yr ago

Unsellable

Maker

@unsellablenfts @artkulakov Thank you so much for the kind words! We've put a lot of love into building something we believe adds true and obvious value, and we've wanted to do it the right way! Thank you for acknowledging our work!

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3yr ago

Unsellable

Maker

@artkulakov Thank you for the kind words! We have been working very hard to create the most efficient and cost effective method of tax-loss harvesting your worthless NFTs.

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3yr ago

Unsellable

Maker

@mahad_kamran Thanks! We appreciate the support! And just let us know if you have any other feedback.

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3yr ago

Hey guys, love the product - great idea! Question: what are you planning to do with the NFTs that you are buying?

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3yr ago

Unsellable

Maker

@carson_liu Thanks. And great question! The short answer is that we plan to hold them. Our dream would scenario would be to create the worlds largest collection of NFTs which we call "The Unsellable Collection". We have tinkered with the idea of having a flat fee to re-sell NFTs to flippers or to create custom bundles of NFTs to sell in bulk. However, right now the plan is to just HODL. Very open to other creative suggestions for what we should do with these NFTs!

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3yr ago

Unsellable

Maker

@carson_liu Yeah this is THE main question we get. Zach did a great job at laying out our thoughts around it. So many possibilities!

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3yr ago

@unsellablenfts I would certainly feel better to get something back rather than that feeling of having a total loss. This is really a good idea of an exit strategy for those doing high risk investments too. Great job guys

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3yr ago

Unsellable

Maker

@joshua_bretana We hope that getting a little back in the form of tax savings helps to lessen the sting a bit! When investing in a new space, it is inevitable not every investment will work out.

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3yr ago

@joshua_bretana @unsellablenfts This would cost a bit more in the gas fees, but you could send back a newly minted NFT with the same image. It'd be entirely worthless, but it allows you to burn the NFT and keep the art in your wallet. Would definitely be a good bit of effort, so you definitely should explore the market demand for that.

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3yr ago

Unsellable

Maker

@joshua_bretana @scalfino That's an interesting concept! We had considered about having our own NFT that gets minted when you user our service, but didn't think about re-creating their burned nft. We ultimately decided to keep things simple as the tax impacts of buying, selling, airdropping NFTs is already complicated enough. But will keep that in mind for future product updates!

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3yr ago

@unsellablenfts Awesome product! Such clear value for any of us folks holding worthless nfts. Getting something back from them eases the pain somewhat. I feel like there's big PR opportunity around the 'world's biggest nft collection' concept too.

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3yr ago

Unsellable

Maker

@sebastian_kipman1 Thanks for the kind words! We are building that collection one NFT at a time!

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3yr ago

Unsellable

Maker

@unsellablenfts @sebastian_kipman1 Definitely looking forward to doing something interesting with the collection next year!

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3yr ago

What’s a great concept! I don’t have any NFTs myself but this deserves a look from anyone looking for a tax advantage.

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3yr ago

Unsellable

Maker

@austin_regnery Thanks for your support!

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3yr ago

Unsellable

Maker

@austin_regnery really appreciate the kind words. It's been maybe my favorite project to work on, in that it is such a simple, clear win-win; found efficiency

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3yr ago

@unsellablenfts Unsellable looks great, especially with how things are these days 😅 Congrats on the launch 🚀

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3yr ago

Unsellable

Maker

@manas_sharma Thanks! With NFTs being down 90%+, find NFTs to Tax-Loss Harvest is easy. Our belief in the long-term utility of NFTs is strong, but we acknowledge that we must clear up the influx of tough projects during the initial hype and focus on building a solid base for real utility.

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3yr ago

@unsellablenfts I'm launching Roundup today! 😁 I would love to hear your feedback 🙏

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3yr ago

Repairest

I was really impressed by the concept behind Unsellable and the way you executed it through the website. Not only is the idea clever and insightful, but it also fills a much-needed gap for NFT holders. One thing that stood out to me was the sense of humor that was incorporated into the content. It's not common to find a website that is both informative and amusing, but you managed to achieve that balance flawlessly. It's no wonder the site has already gained a devoted following. Your creativity and commitment are evident in the end result, and I'm confident that Unsellable will continue to thrive and grow. Keep up the fantastic work!

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3yr ago

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