Messari Profile picture
Jul 8 7 tweets 10 min read
1/ 👀Look who's speaking at #Mainnet2022 on Sept 21-23 in NYC.

If you don't follow @TheCryptoCPA on Twitter, you're missing the opportunity to understand your crypto taxes better (although *opinions are his own and not tax advice).

He's the Head of Tax @CoinTracker. Image
@TheCryptoCPA @CoinTracker 2/ We know it's not tax season, but you should probably start preparing now and Shehan's content is super helpful. Take this @Unchained_pod episode w/ @laurashin on handling NFTs, DAOs, airdrops & more.

@TheCryptoCPA @CoinTracker @Unchained_pod @laurashin 3/ Then learn how to avoid an IRS audit and save thousands on your crypto taxes during Shehan and CoinTracker co-founder Chandan Lodha's presentation for @talksatgoogle

@TheCryptoCPA @CoinTracker @Unchained_pod @laurashin @talksatgoogle 4/ Next up, read "How Web3 Could Change Tax Collection," a post he penned for @CoinDesk earlier this year. The article discusses what happens when moving from the traditional account-based system to a web3 wallet-based system.

coindesk.com/layer2/taxweek…
@TheCryptoCPA @CoinTracker @Unchained_pod @laurashin @talksatgoogle @CoinDesk 5/ Or if you never want to leave Twitter, there's this threaded version of that article too + a call to action to build a trillion-dollar tax company on web3.

@TheCryptoCPA @CoinTracker @Unchained_pod @laurashin @talksatgoogle @CoinDesk 6/ Lastly Shehan is pretty, pretty good at memes. Just scroll through his feed! He's making taxes less 🥱🤬 and more 😎💪.
@TheCryptoCPA @CoinTracker @Unchained_pod @laurashin @talksatgoogle @CoinDesk 7/ See Shehan in action at #Mainnet2022, Sept 21-23 in NYC. Get your ticket now! It's a write-off, right? ;)
mainnet.events

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More from @MessariCrypto

Jul 10
1/ The current housing market has made home buying inaccessible for most Americans, but crypto-centric real estate startups give real estate investors a unique opportunity by using blockchain technology.

Let’s explore Crypto x Real Estate in this report from @0xallyzach. 🧵 Image
@0xallyzach 2/ Protocols and companies like @PropyInc, @MiloCredit, and
@vestaequityvpm are creating a more efficient real estate market by:

+Tokenizing real estate assets
+Collateralizing mortgage lending with crypto
+Creating broader investor pools from ownership fractionalization
@0xallyzach @PropyInc @MiloCredit @vestaequityvpm 3/ @zillow is the world's leading real estate marketplace, currently valued at over $8.3B.

Over 80% of all U.S. homes have been viewed on their website, 60% more than the 2nd leading competitor

But Zillow does not have the tech to prove digital ownership of physical assets.
Read 8 tweets
Jul 9
For those wanting a better representation of $ETH staking, here is a @DuneAnalytics dashboard of all $ETH deposited on the beacon chain.

credit: @hildobby_ Image
.@hildobby_’s full dashboard can be found here 👇

dune.com/hildobby/ETH2-…
Figuring out how to play the merge? Check out @dunleavy89's report below.

messari.io/article/the-in…
Read 4 tweets
Jul 8
1/ In Governor Insight #1, we explored the DAO ecosystem using data from Messari Governor.

This report analyzes the frequency of failed proposals in the past months as well as treasury management and diversification proposals. Image
2/ June 2022 saw a notable increase in the percentage of failed proposals on Messari Governor.

The rise in failed proposals came as markets suffered dramatic losses, demonstrating greater fear in how DAOs allocate funds. Image
3/ The rise also resulted from the asset whitelisting processes of @BalancerLabs and @Bancor, which both recently revamped their tokenomics and protocol frameworks.

Failed proposals from the two decentralized exchanges accounted for 42% of June’s failed proposals.
Read 5 tweets
Jul 8
1/ This report dives deep into @feiprotocol's Q2 presenting a performance analysis, qualitative analysis, and @feiprotocol's roadmap moving forward.

Let’s explore the State of @feiprotocol Q2 2022 in this report from @john_tv_locke. 🧵 Image
2/ @feiprotocol is a decentralized ERC-20 stablecoin project.

Fei innovated Protocol Controlled Value (PCV), using protocol-owned equity to backstop the algorithmic incentives it created.

Because PCV is not debt or seigniorage, there is no risk of a liquidation event.
3/ In a quarter that saw multiple stablecoins depeg, $FEI showed no such stress.

The protocol’s primary objective, maintaining a $USD stablecoin, was decidedly a success this quarter, despite the many other trials and tribulations for the protocol and DAO.
Read 9 tweets
Jul 8
1/ Over the last quarter, the total crypto market cap decreased 59%, from $2.1T to $860B.

Despite the harsh conditions, Web3 infrastructure protocols continued to generate revenue uninterrupted.

Let’s explore Web3 Infrastructure's Q2’22 Revenue Report from @Old_Samster. 🧵 Image
2/ In Q2’22, Web3 infrastructure protocols generated $5.7MM in revenue.

Excluding @Filecoin, the remaining Web3 infrastructure protocols cumulatively generated $470K in revenue over the last quarter, which is a 10% decline compared to Q1’22.
3/ Despite the 76% decline in valuations, revenue generated excluding Filecoin only decreased 10%.

When including @Filecoin, total demand-side revenue increased 97%. Image
Read 4 tweets
Jul 7
1/ ICYMI: TLDR 🧵 from @TheBestBizzShow hosted by @APompliano — Episode: 240

@twobitidiot On The State Of Crypto After The Market Crash 📝
@TheBestBizzShow @APompliano @twobitidiot 2/ Problem with the GBTC fund

-GBTC can trade outside of the underlying assets spot price either at a premium or more recently at a discount (30% currently).

-Investors cannot redeem shares, no path to closing the gap. Has caused $6B of capital impairment.
@TheBestBizzShow @APompliano @twobitidiot 3/ Cont.

-SEC says markets aren't fully surveillable. Without a guarantee market isn’t manipulated SEC won’t apply the conversion.

-Short of an ETF conversion, SEC is engaged in hostage-taking, wanting full surveillance of the crypto market before they act.
Read 8 tweets

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