FTX lied. DeHR needed more than ever
PLUS: 👀 Maker 2x's revenue integrating w Tradfi, 🏦 Learn More about Payroll in Web3 with Twali's HR Guild, and more!
Are you an expert in Compliance, HR, Legal, Tokenomics, Governance, Accounting, Tax, Policy or Regulation?
Headlining…
Most important news of the past week:
🤯 EVOLVING: FTX implodes, was using customer deposits as leverage and now need to fill $8 Billion hole. Reports are that FTX employees are barred from internal chats as well…
🏦 Circle puts reserves for backing USDC in a BlackRock fund registered with the SEC.
📈MakerDAO adds TradFi assets to their portfolio — Revenue doubles + 50% of Revenue coming from Real World Assets!
📈 Coinbase’s non-transaction revenue doubled from from Q1 to Q3.
Social proof…
Key cases of adoption over the past week:
👀 Sneak peak: Fidelity teases new crypto product.
Why this Matters: Fidelity announced an early-access waitlist for their newest crypto product—a mobile app for trading Bitcoin and Ethereum without commission fees.
🏦 Goldman Sachs announces crypto data service for institutional investors.
Why this Matters: “Datonomy” is a framework and taxonomy system for digital assets, categorizing cryptocurrencies based on their uses. The data service is to help institutional investors better understand and invest in crypto.
📸 Instagram integrates with Polygon and Solana NFTs.
Why this Matters: Instagram creators will soon be allowed to share and sell their own NFTs with followers. Creation, showcasing and selling will be built into the platform starting on the Polygon and Solana blockchains.
Twali’s HR Guild Leaders, Envario, on DeHR and Payroll Solutions in Web3
Quality intel on the best-in-show organizations building the DeHR (decentralized HR) Infra Web3 NEEDs.
Our HR Guild led by Envario, a HR Tech and Benefits Firm, has put together a series of Case Studies looking at the state of DeHR (Decentralized Human Resource) [dür] and how it facilitates the “Future of Work.”
What’s the Future of Work again? The supercharging of freelance work by Web3 thanks to standardizing diversified, passive secondary income streams custodied by those earning.
Over the next 6 weeks, these Case Studies will profile those providing the DeHR infra — Payroll, Benefits, and Sourcing — for freelance Experts to MORE THAN make it in Web3.
Today we continue by covering Utopia, a collaborative payroll and expense management platform for DAOs.
What to know about Utopia 💸
Enables DAO companies to pay U.S. Employees in USD or Crypto.
Automates payroll and contributor payment schedules, and routing of self-service expense reimbursement requests.
Helps maintain compliance including tax withholdings and end-of-year W2 & 1099 filings for US jurisdictions.
Currently in Beta
🚨 Twali Referrals Expanded!
Referrals are live with up to $500💰 in no cap rewards!
Referral programs are a great way for Twali’s community to bring their own Networks with them into the future of work.
Know a web3 company in need of Twali’s Network?
Send them this link, have them include your name, and when the Work is live you’ll receive $500 USDC!
See Work your friend would be perfect for?
Have them fill out the specific job found in the Netwerk newsletter (for example, this one here), include your full name in the referral field, and when they’re paired with the job you’ll receive $200 USDC!
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