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Crypto Accounting

A popular internet meme: On November 12, 2021, Odell Beckham, Jr. signed a deal with the Los Angeles Rams for $750,000, which he accepted in bitcoin (BTC). Continue Reading →

Bored? Follow the ETH.

Bored Ape 6525
I saw a tweet this morning about purchasing a Bored Ape NFT for 135 ETH that I assumed was completely fake. It turned out to be fake. But the transaction is absolutely real. How do I know? The Ethereum blockchain is a public ledger. Transactions are viewable by anyone (including you and me), so let's do a little exploring and see who spent $337,500 (1 ETH = $2,500 right now) to get their Bored Ape. Continue Reading →
Two seemingly unrelated stories should get your attention today. Microsoft's planned $75 billion acquisition of Activision Blizzard lays the groundwork for a corporatized, centralized metaverse that will enjoy all the advantages of technical dominance and global brand recognition at birth. Continue Reading →

5G vs. Altimeters

How often does 5G cause interference with altimeters on commercial airliners? Once you ask that "loaded question," the FUD has been deployed, there's going to be an investigation, and some people will be scared to the point where 5G won't be allowed because "you're never certain." Welcome to an unfortunate logical fallacy that will cost millions of dollars to address. Continue Reading →

Walmart in the Metaverse

According to CNBC, Walmart plans to create its own cryptocurrency as well as a collection of NFTs. The big-box retailer filed for several new trademarks that indicate its intent to make and sell virtual goods, as well as to create its own cryptocurrency and NFTs. Continue Reading →

Where Are Your NFTs?

NFTs
You just purchased your first NFT. Where is it? Is it sitting in your account on the marketplace you purchased it from? Do they have custody of your digital asset or do you? Did you transfer your NFT to your crypto wallet? If so, do you believe your new NFT is actually in your wallet? It isn't. That's not how this works. Here's what is really in your wallet. Continue Reading →

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