Discover and read the best of Twitter Threads about #educatebeforeyouallocate
Most recents (3)
1/ The good folks at @chainalysis recently released a comprehensive report on investing in the NFT market.
Want the TLDR? Onramp Academy has you covered in this thread.👇
Want the TLDR? Onramp Academy has you covered in this thread.👇
2/ In 2021, users spent at least $26.9 billion on Ethereum based NFTs. While a number of other blockchains support NFTs, Ethereum is by far the most widely used. OpenSea is the most popular marketplace by a wide margin, with over $16 billion worth of volume.
3/ Furthermore, we see significant increases in average transaction size, suggesting that NFTs as an asset category are gaining value as they attract new users. 
Between a recently proposed bill and contradictory comments from CFTC, IRS, & SEC reps, cryptoasset regulation continues to be a hot & confusing topic of discussion amongst many investors.
Time for a thread 🧵👇
Time for a thread 🧵👇
Per their official statements:
To the IRS, cryptoassets are property
To the SEC, cryptoassets are not securities
To the CFTC, cryptoassets are commodities
While this is seemingly vague, investors DO have all the guidance they need to get started.👀👇
academy.onrampinvest.com/advisor-resour…
To the IRS, cryptoassets are property
To the SEC, cryptoassets are not securities
To the CFTC, cryptoassets are commodities
While this is seemingly vague, investors DO have all the guidance they need to get started.👀👇
academy.onrampinvest.com/advisor-resour…
In February of 2021, the SEC put out a risk alert that stated although cryptoassets aren’t considered securities, the asset class presents unique risks that advisers should account for & suggested best practices for those implementing cryptoassets within their practice.
Happy Monday Onrampers! @wendy_mfox bringing you your daily dose of crypto with #OnrampWordOfTheDay sponsored by #Onramptionary
Today’s word: Centralized Exchange
Today’s word: Centralized Exchange
While our current business model focuses on the RIA space, we recognize the need for the widespread adoption of cryptoassets because, as adoption among the general public grows, so will the need for RIAs to fall in line
According to a recent blog post by @chainalysis, global adoption of the cryptoasset ecosystem has increased 881% over the last year.
The DeFi movement has been a huge contributor to this, but centralized services (like exchanges) have helped as well
The DeFi movement has been a huge contributor to this, but centralized services (like exchanges) have helped as well
