Elevate

Compound

Karma

MN Coin

Many contributors make their last donations for the tax year before the cut-off date to maximize their tax benefits. All donations received by midnight on December 31st are eligible!
On a recent episode on ¥€$ 3.0 Abundance and Wealth with Brandi Veil, a groundbreaking social audio podcast featuring&nbsp; “Spotlight Speakers and 3.0 Talks” about business transformation. The show is curated like a mastermind and focus group combined for fintech investors, innovators, and thought leaders on entrepreneurship themed appropriately as ¥€$ 3.0. The focus group style interviews aim at financial literacy to assist in shifting mindset around 3.0 systems thinking and money consciousness.
I curated the show to bridge the<a href="https://www.thecoinrepublic.com/2023/12/28/frax-share-price-prediction-fxs-crypto-to-reach-new-highs-soon/" target="_blank" rel="noopener noreferrer nofollow"> Web 2 and Web 3</a> worlds by humanizing the technology, solving problems we face in business and personal transformation as leaders. Money is always a topic that helps shift from old paradigms to new systems thinking. 3.0 is about the place of possibility. It’s not your home, work, or school, and it is your community. It’s the 3rd place. By harnessing the power of the 3.0 mindset, we can accomplish system change, environmental struggles, and poverty and shift into consciously creating prosperity, starting with business and entrepreneurship.
Wealth Building 3.0 is a groundbreaking social audio podcast where we unravel the secrets of the super-wealthy. Episode 16 explores crucial insights on end-of-year tax benefits, philanthropy strategies, and the art of investing. Elevate your financial wisdom with concise, expert discussions.
End-of-year tax benefits
Philanthropy strategies,&nbsp;
Philanthropy strategies and the art of investing
<h2 class="wp-block-heading" id="strong-navigating-year-end-giving-in-web-3-0-a-guide-to-crypto-philanthropy-strong">Navigating Year-End Giving in Web 3.0: A Guide to Crypto Philanthropy</h2>
As the calendar approaches its final pages for the year, the cryptic world of Web 3.0 beckons us to explore financial literacy and personal growth and the avenues of philanthropy and savvy tax planning. In a recent episode of “Yes 3.0: Wealth and Abundance with Brandi Veil,” a dynamic panel of experts unpacked the intricacies of year-end giving within cryptocurrencies, NFTs giving, and Web 3.0 technologies. Weekly, I delve into the insights and advice offered by Web 3 and philanthropic thought leaders and experts, providing a roadmap for navigating tax donations in this revolutionary era.
Our conversation begins with an “emerge-n-see” conversation around the opportunities and challenges inherent in fractional ownership <a href="https://www.thecoinrepublic.com/2023/12/28/rocket-pool-price-rpl-crypto-forecast-for-2025-and-beyond/" target="_blank" rel="noopener noreferrer nofollow">(NFT) platforms</a>, especially concerning the sale of art and art donations of digital twins. I recall Alan Teitel, a two-time Emmy Award winner, NFT digital artist, and philanthropist sharing his experience, saying, “It was a bit of a challenge when we were looking at NFTs and selling them for donation. I had set up a package of about 150 pieces of art, selling them for over a million dollars, with 85% of the funds going directly to St. Jude’s.” This narrative encapsulates the delicate dance between the desire to contribute and the practical complexities presented by NFT platforms. I can empathize with the beginning of something that looks and sounds excellent, and as a consultant, I contest having the pioneering factors of transparency and reality set in. The technology and startup nature of unregulated platforms created opportunities for “doing business the old way” or, in other words, the Web 2 way regarding tax-benefit donation.&nbsp;
The conversation effortlessly transitions to the intersection of Web 3.0 technologies and philanthropy. A recurring theme surfaces—the critical need for a profound understanding of legal and tax intricacies in this domain. The speakers unanimously stressed the importance of precision, emphasizing that a tax deduction receipt and the oversight of legal advisors should accompany every transaction. “I think what’s happened in the Web 3 space is people get confused, and then regulators come in. It’s either a security or it’s a utility. And we’re still in the middle of that, especially here in the US.” says<a href="http://adryenn/" target="_blank" rel="noopener noreferrer nofollow"> Adryenn Ashley</a> of Award-winning Film/TV – Creator/Host @MintingFuture and weekly co-host on<a href="https://www.linkedin.com/showcase/yes3/" target="_blank" rel="noopener noreferrer nofollow"> Yes 3.0 Network</a>.
Broadening our discussion with opportunity and positivity, one who wants to make a difference using impact donations can start to learn more about the traditional end-of-year giving with impact real estate and art impact funds supporting charitable organizations, like The Giving Block while pursuing blockchain partnerships for transparent and royalty distribution to artists and non-profits. The area of impact donations on the blockchain is relatively new. However, it’s a growing industry that has the potential to shift behaviors around end-of-year donations. As of now, I am closely observing the market as the regulation and tax benefits will be determined by new laws determining digital art donations. In the meantime, many groups are exerting USDC, USDT, and standard non-cash contributions. Non-cash contributions can include securities, property, vehicles, collectibles, and art are all up for reevaluation in the new world of philanthropy. Every day is new and exciting, bridging regulation laws, Defi, and the world of Web3!&nbsp;
<h2 class="wp-block-heading" id="strong-blockchain-creates-a-trusted-network-strong">Blockchain Creates a Trusted Network</h2>
Using blockchain to enable end-of-year giving and transparency and create the digital paper trail one may need to streamline your tax benefits in the “high-tech, low-tech” era of charitable giving. I am neither a financial advisor nor a CPA; consult your legal advisors.&nbsp;
The governing body and Web 3, as you may have noticed after 15 years, give or take, is just now starting to identify the importance of blockchain as a strategy.&nbsp;
As we move into a deeper dialogue on structuring and comprehending insurance elements, “Trusts, they assert, play a pivotal role in effective asset management, helping navigate the intricacies of insurance policies and annuities.” adds Marvin Epstein of Karma International and Managing Partner, Beverly Hills Publishing.
<h2 class="wp-block-heading" id="strong-the-transformative-potential-of-blockchain-technology-in-philanthropy-strong">The Transformative Potential of Blockchain Technology in Philanthropy</h2>
The transformational power of blockchain technology in philanthropy is highlighted. The characteristics of blockchain—transparency, immutability, and decentralization—are crucial in building confidence among philanthropic organizations. The talk delves into how blockchain provides real-time donation tracking, reduces fraud, and enables frictionless cross-border transactions. “As a decentralized and borderless platform, there are ways for you to leverage your assets even in another country.”
2. Wealth Strategy: Art Investing Wealth Strategy
Fractional art investing (not web3, not donation) is prominent in our narrative, shedding light on democratizing access to blue-chip art. Platforms such as<a href="https://www.masterworks.com/invite/Z6ACS0G" target="_blank" rel="noopener noreferrer nofollow"> Masterworks</a> are spotlighted, allowing individuals to invest in diversified portfolios featuring collections of renowned artists. “There are few groups out there allowing us to go into what they’re calling the diverse and historical shift in blue-chip art investing.”
3. Compound Interest Strategy
Our narrative pivots to the sagacity shared by Associate Director at Success in Living John Donnelly regarding the potency of compound interest. Generating “interest on interest” is the power of compound interest. His emphasis on the potential for long-term growth through understanding and harnessing the compounding effect resonates deeply. Drawing from personal experience, John shares, “I’ve now learned the power of compound interest. I’ve just become a granddad and can now invest two and a half thousand pounds. And in 18 years, my granddaughter will be a multimillionaire through the power of compound interest.”
Dan Goodwin, representing CYA Consulting, encapsulates the ethos of prudent<a href="https://www.thecoinrepublic.com/2023/12/28/litecoin-price-forecast-is-it-the-right-time-to-buy-ltc/" target="_blank" rel="noopener noreferrer nofollow"> wealth management</a>. His parting words resonate, urging individuals to cover their assets, actively curate them, and formulate plans for their circulation. “Cover your “ass,” etc. That’s to protect yourself as you grow. The second is to curate your assets, what we’re talking about actively doing. And then the third is how you plan to circulate,” providing a blueprint for conscientious financial stewardship.
As we stand on the precipice of the year’s end in 2023, the insights unveiled here and on our weekly ¥€$ 3.0&nbsp; episodes underscore the significance of informed philanthropy and strategic financial planning in the ever-evolving world of Web 2, Web 3.0, and cryptocurrencies. Navigating this terrain necessitates a fusion of technological understanding, legal advice, and a commitment to responsible wealth-building and financial literacy—a journey promising both personal fulfillment and a positive impact on a global scale.&nbsp;
<h4 class="wp-block-heading">About Spotlight Series in a nutshell :</h4>
¥€$ 3.0 Spotlight Series featuring innovative thought leaders in their industry. Spotlight speakers can speak on several touch points in an emergent conversation about the abundance and wealth available in our economy. The concept behind ¥€$ 3.0 social audio podcast is about emergence. Emergent conversation allows for co-creative, insightful discussion about problems and solutions, humanity, and conscious capital through technology.

Wealth Building 3.0: What the Super wealthy know about the end-of-year donation

Table of Contents

Thecoinrepublic.com

Other articles published on Dec 29, 2023

Vitalik Buterin Aims to Restore Ethereum's Cypherpunk Essence

Bitcoin SV soars 63% in 24 hours, hits YTD high

Core Scientific, Inc. Announces Filing of Amended Plan of Reorganization and Extension of Equity ...

Bitcoin: What next for BTC prices as traders make these moves

Bitcoin Miners’ Two-Month Selling Streak Poses No Alarm Before ETF Decision! Here’s What To Expect

Chainlink (LINK) Holder's $4.66 Million Nightmare – Phishing Attack That Shook Community

Join our free newsletter for daily crypto updates!