I'd imagine they would want you to pay taxes if you bought an in-game item and then resold it for a profit regardless of any new NFT classifications. Under these guidelines though, the seller would be subject to nearly a 30% tax presumably. Wonder how many people will inadvertently have dodged taxes not realizing their in-game item sale would be subject to the same tax as any other digital asset?

That's assuming they don't make in-game items classified as a collectible. NFT's aren't physical so the Biden administration are just making useless tax provisions because they're desperate for revenue. They need to pay their trillion dollar spending packages somehow.