Money earned in online game taxable income

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One of the main reasons why people choose to play crypto games is to earn money.

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Through the present I try to make a preliminary analysis of the topic to formulate later final reflections. It is a phenomenon in constant evolution and with many aspects yet to be defined, among which is its taxation. These crypto games often offer game elements in the form of tokens and NFTs, which can be easily exchanged on crypto markets for other cryptocurrencies. In 2022, on average, 1.13 million unique active wallets were connected daily to apps of games. That’s a 60% increase over the 2021 numbers. Cryptographic games based on Web 3.0 and blockchain technology attract a diverse and increasingly large audience. Gaming transactions reached 7.4 billion, a growth of 37% over the previous year and a staggering 3260% since 2020.

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