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).
@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@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.
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. 🧵
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.
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.
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.
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.
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. 🧵
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%.