The formula to calculate the NFT Profit is:
\[ NFTP = SP - PP - TF \]
Where:
NFT profit refers to the net gain or loss made from buying and selling an NFT (Non-Fungible Token). It is calculated by subtracting the purchase price and any associated taxes and fees from the sale price. This concept is essential for NFT investors and traders to understand their return on investment.
Let's assume the following values:
Using the formula:
\[ NFTP = 1500 - 500 - 100 = 900 \, \$ \]
The NFT Profit is $900.
Let's assume the following values:
Using the formula:
\[ NFTP = 300 - 200 - 50 = 50 \, \$ \]
The NFT Profit is $50.