Getting Up To Speed | Bankless Publishing Recap

Top-shelf Educational Web3 Content Shipped Directly to Your Inbox

Oct 3

Dear Bankless Readers 🏴

Welcome to the second issue of the Bankless Publishing Recap! Below you will find eight short summaries of articles ranging from a primer on cryptocurrency wallets and an overview of the Tornado Cash sanctions to the case for ETH maximalism and tax considerations for U.S. NFT investors.

Bankless Publishing regularly ships a wide range of web3 educational content on topics both timely and evergreen. Our team of writers and editors strive to produce high-quality resources for everyone, including the crypto curious and the die-hard DAO operator or degen.

We’re still getting up to speed with this issue; in the future, you’ll find just a few articles and an emphasis on in-depth summaries and quotes, among other additions.

If there’s content you wish to see us publish, please get in touch with us on Twitter. Otherwise, thank you for taking the time to review the summaries, and if a topic piques your interest, we hope you find the article both enjoyable and informative. We appreciate your readership — see you in two weeks.

Contributors: kalex1138, Frank America, Trewkat, oxdog.eth, Puretayo, HiroKennelly

Bankless Publishing is driven by a mission to ennoble its writers and showcase their content to a broad audience of crypto-interested readers. We also work with crypto’s leading protocols to help them get their message out to our audience. Whether you’re a writer or protocol team, we’re interested in talking with you.

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✍️ Article Summaries

U.S. Tax Considerations for Art NFT Investors

Author: Jason Schwartz

A must read for anyone deep in the NFT game. If you buy, sell, hodl, or collateralize your NFTs, this article provides #nottaxadvice, but a broad overview of the U.S. tax code as it applies to NFTs. Includes information for individual investors and those who work as a collective. Bookmark for April.

Bespoke Legal Entities for Digital Organizations

Author: lawpanda

This article provides an overview of DAO incorporation options and proposes a new way of structuring legal organizations in the web3 world. If you are looking for ways to create an organization with pseudonymous agents collaborating positively towards the growth of real projects, lawpanda’s ideas, gained from years of crypto-legal trench work, are worthy of consideration.

Four Factors That Make a DAO Sticky

Author: Peter Jones

In this article, Jones breaks down the four key factors that make it easier for members to keep on contributing:

Easy paths to contribution
Earning and value exchange
Proposal paths that meet community needs
DAO impact, sustainability and growth.

This four-pronged approach gives us a rubric for interpreting the "stickiness" of DAOs and can teach DAO leadership how to best retain top contributors.

The Non-Fungible Planet

Author: Trewkat

Beginning with an overview of sustainability and ecological responsibility against the frame that we only have one Earth, this article explores how regenerative finance and NFTs can help us save the forests we already have as we continue to search for solutions that can move us into a greener future. This one weighs in big for our home planet.

Tally Ho Pledge Defends Our Freedom

Author: Hiro Kennelly

For those who don’t know, Tally Ho! is a community owned, open source, and fully composable web3 wallet with public goods funding built into its tokenomics model. With MetaMask, the swap fees go to the corporation, whereas the swap fees earned from interacting with the Tally Ho! wallet go to a community controlled multisig for use by the DAO. By wallet-signing the Tally Ho! Community Pledge, signers are showing the world that they value permissionless access, open-source code, and community ownership. Sign the Community Pledge today!

The Tornado Cash Sanctions

Author: Austin Foss

As Foss writes in his article, “When the U.S. Office of Foreign Assets Control (OFAC) sanctioned key parts of the cryptocurrency privacy tool, Tornado Cash, on August 8, 2022, an attack was launched on our ability to retain financial privacy on the blockchain.” Foss provides a detailed analysis of the first two weeks post sanctions. A must read to remind yourself that we are all in this together.

Cryptocurrency Wallets 101

Author: ijeblowrider

A 101 on web3 wallets is not just for those new to crypto, as you’ll understand as ijeblowrider walks readers through the various types of cryptocurrency wallets — what they are and how they work — and provides some tips to increase digital security. With so many articles from Bankless Publishings speaking only to a select niche audience, we've seen the need to cover the basics. What's a hot wallet? What's a cold wallet? What's the difference? Learn about it all right here.

Betting It All On Ethereum

Author: alphadegen.eth

Alphadegen.eth digs into the recent Merge, whereby the Ethereum network transitioned from a proof-of-work to proof-of-stake consensus mechanism, completing ether’s journey to Ultrasound Money. This article makes the case for ETH maximalism. If you’re looking for a comprehensive read on the Ethereum ecosystem and why it’s the place to be in web3, this is for you.

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