DeOps 2022 Roundup

A brief look at our most-viewed topics from last year and what's in store for 2023

Gil Hildebrand

Jan 5, 2023

Happy New Year!

I hope you had some time to recharge and relax over the holidays. This week, I'm sharing some of our most popular content from 2022. If you enjoyed it, stay tuned for more.

And if you’re new here, welcome! Make sure you subscribe to get DeOps Weekly in your inbox every Thursday.

🏆 DeOps 2022 Roundup

As the web3 industry continues to grow and become increasingly sophisticated, it can be challenging for finance and ops professionals to stay ahead of the curve.

That's why I created this newsletter — to share strategic insights and help business leaders thrive in this evolving landscape. As someone who works with organizations navigating these challenges every day, I hope I’ve provided some valuable context and takeaways.

Over the past ten editions, I’ve covered a wide range of topics related to crypto payroll, operations security, accounting trends, and more.

Here’s a quick rundown of our five most-viewed posts from last year.

On-chain accounting is the future

In response to the FTX crisis, many exchanges raced to show proof of reserves and liabilities (PoRL). Then, when Coinbase said that “on-chain accounting is the future” and offered $500,000 in grants for developers working to solve these accounting problems, our ears piqued.

Some important questions: how can we make accounting as transparent as possible using the blockchain? Why is on-chain accounting the future? And how can accountants front-run the opportunity?

Growing your career in web3

For accounting and finance pros who are looking for a career in web3 or if you’d like to accept crypto clients, this edition is for you. We share resources to help you learn about the web3 space and how to not be like this:

How to prepare for an NFT drop

It’s important for finance and operations teams to be involved in an NFT drop just as much as artists or developers. A few steps for teams to think through: (1) clarify your team’s goals, (2) define the business relationships, and (3) determine the economics of the drop. Dive in to learn more about how finance and ops teams should prepare for NFT drops.

The case for crypto payroll

As one of the original crypto use cases, many companies and DAOs pay their teams in crypto or are considering it for 2023. What are the benefits and challenges to running a payroll in crypto? And how can controllers make sure they run payroll in the most efficient and compliant way? I explore these questions and more, making the case for crypto payroll.

Wallet Hygiene 101

I’ve seen far too many crypto companies with terrible wallet practices. Nothing is more frustrating for a crypto accountant than to discover incomplete data, only to find out that they didn’t get every wallet they needed. This edition covered best wallet practices for crypto builders and operations teams for security and operational confidence.

For 2023, my goal is simple: continue sharing the latest developments, resources, and best practices for web3 finance and accounting professionals every Thursday.

If there are any specific topics you’d like to see covered, I’m always happy to hear from you.

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From the DeOps World

📚 What we’re reading

How to be a successful web3 CFO

Written by my friend Nakul Gupta at Coinbase, Nakul covers the biggest challenges for web3 for CFOs in 2023, plus best practices and tools to be successful in the space. It’s incredibly comprehensive and I highly recommend every crypto CFO (or aspiring crypto CFO) give it a read.

Coinbase pays $100 million settlement

After an investigation into a lack of onboarding requirements and background checks, Coinbase settled with New York’s Department of Financial Services for $100 million. They will pay $50 million as a fine to New York and $50 million to improve their compliance efforts to prevent criminals from using the platform.

IRS provides transitional guidance for brokers reporting on digital assets

The IRS and Treasury Department announced that brokers do not need to report additional information with respect to digital assets until regulations are finalized. This is good news for brokers in the crypto industry, as we wait on official guidance.

Learn more in the announcement from the IRS

Work in Web3

👾 Web3 Accounting Job Alert

ProfitLinq — one of the few woman-owned accounting practices for web3 companies —is hiring a Crypto Accounting Manager.

Apply here.

That’s all for this week. Thanks for reading and here’s to 2023. 🚀

Cheers,
Gil

Brought to you by Gilded 💡

This newsletter is strictly for informational purposes only and does not constitute financial, investment, or tax advice. As always, do your own research.

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