100%, swapping assets, e.g. bartering, does not remove any tax liabilities on the gains received. But Fred is a smart guy and must know that. Maybe the idea i

100%, swapping assets, e.g. bartering, does not remove any tax liabilities on the gains received. But Fred is a smart guy and must know that. Maybe the idea is that swapping NFTs may theoretically allow one to avoid a valuation event, thus avoid any tax liabilities? That is the key idea behind this? FYI: https://sharonperry.ca/blog/why-barter-transactions-are-taxable https://sharonperry.ca/blog/why-barter-transactions-are-taxa...