Web3 is the next generation of the internet, where users are in control of their own data and apps run on a decentralized network. Web3 finance is part of this next generation, where financial applications are built on decentralized protocols, and peers can interact directly without going through a middleman.
In 2016, The DAO raised over $150 million worth of ether (the cryptocurrency of the Ethereum network) to invest in blockchain-based startups. The funds were managed by a decentralized autonomous organization, or DAO, which is an entity that runs on code rather than being centrally controlled. After a hacker exploit
The accounting profession is on the cusp of a major transformation, and blockchain accounting is leading the charge. With its ability to track and record transactions securely and transparently, blockchain technology is poised to revolutionize the way businesses operate. Here are 5 ways that blockchain accounting will change the future
For years, work-life balance has shifted from a nice-to-have to a business necessity. The pandemic and work-from-home policies have only accelerated this shift, with companies and employees alike seeking out new ways to increase productivity while maintaining a healthy work-life balance. This sentiment has become particularly popular in the Web3
Basic accounting principles haven't changed much in the last several hundred years, but the way we account for our finances has changed a lot. With the rise of the internet and Web 3.0 technologies, tracking our financial activity has become more complex and chaotic. Let's consider payroll. At first
As the world of online gaming continues to grow and evolve, so too do the challenges facing game developers. One of the most pressing issues is how to properly account for in-game assets and transactions. Traditional accounting methods are ill-equipped to deal with the complexities of virtual economies. For example,
The blockchain is a distributed database that allows for secure, transparent and tamper-proof record-keeping. This immutable ledger can be used to track anything of value, from financial transactions to supply chain data. The Bitcoin blockchain was the first application of this technology, but without a "smart contract" layer, it is
Accounting can make anyone's head spin. Between trying to keep track of receipts, invoices, and ledgers, it's no wonder so many small businesses owners dread doing their books. If you feel like throwing your computer out the window every time you open your accounting software, then you're not alone. 40%