Frequently Asked Questions

Harvest.art buys your unwanted NFTs and tokens, when nobody else will, for 1 gwei each. This can help you "realize" the loss for tax-loss harvesting purposes if you paid a lot more for them than they're worth. Tax loss harvesting is a common strategy outside of crypto, but we launched Harvest in 2021 because there was simply no other way to do it. Since then, we've helped thousands of people offload their junk and collectively realized over $30M USD in losses.

Tax-loss harvesting for NFTs and tokens involves selling assets that have lost value and are currently far below their initial purchase price to realize capital losses. These losses can sometimes be used to offset capital gains from other investments. But always talk to a tax professional before you do anything. Tax laws vary around the world.

Connect your wallet and use the Harvest NFTs and Tokens tool to analyze your portfolio for unwanted NFTs and tokens. Select items to sell to Harvest.art for 1 gwei each. You can sell up to 500 items per batch. The items you sell are then added to The Barn where other users can discover and purchase them through on-chain auctions.

Harvest.art supports ERC-721 and ERC-1155 NFTs, plus ERC-20 tokens across major EVM-compatible chains including Ethereum, Polygon, Arbitrum, Optimism, and Base. We continuously expand support for additional networks and asset types.

The 1 gwei price represents a real sale called an arms-length transaction. It helps ensure you can realize the maximum capital loss from unwanted assets while cleaning out the junk. You also get a free bid ticket for every item, required to participate in our auctions, but these are optional and you can opt out at checkout.

Not at all! Tax-loss harvesting is for everyone, not just wealthy investors. Even small losses can provide meaningful tax benefits by offsetting gains and reducing taxable income. It's a simple strategy that builds discipline and helps optimize your portfolio regardless of size.

No, we have no way of knowing your tax situation. Harvest.art provides tools and educational content, not personalized tax advice. Tax laws vary by jurisdiction and individual circumstances. Always consult a qualified tax professional for advice specific to your situation. Check out our tax tools for more information.

You can browse The Barn and explore thousands of NFT collections without connecting a wallet. However, to sell your unwanted assets to Harvest.art or to bid on items in auctions, you must connect a compatible Web3 wallet.

Anything sold to The Farm is available for auction in The Barn. All auctions are on-chain and anyone can start an auction at any time by burning a bid ticket and paying the starting price. Bidders compete to determine final clearing prices, and winners can claim their items when auctions conclude. You can also earn outbid rewards by curating auctions you don't end up winning.

We have a small, flat service fee per batch of up to 500 items. We want the math to always work out in your favor, so we currently only charge 0.01 ETH. The price varies on L2s that don't use ETH as the native gas token. We don't recommend harvesting things you got for free, unless you're just trying to get rid of clutter.

Cost basis includes the purchase price plus all acquisition costs like gas fees, marketplace fees, and mint costs. Try out the Calculate Cost Basis tool when harvesting.

In some jurisdictions, you can immediately rotate into similar (but not identical) assets after realizing a loss. However, some places have 'wash sale' rules that may apply to certain crypto assets. Research your local tax laws or consult a tax professional to understand the specific rules in your jurisdiction. For NFTs, which are often unique, we believe in maintaining an arms-length transaction, so if you wanted to try to buy back the same NFT, you can start an auction, but the auction is public and any users in our community can bid on it too.