What's HR like in Web3? Now We Know.
PLUS: ⚖️ Coinbase and a16z take a stand, 🐥 Twitter's Crypto Makeover, 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:
⚖️ Coinbase and others join Ripple’s case against SEC.
🧮 US Financial Accounting Standards Board’s (FASB) allows companies to use “fair value” to account for crypto holdings.
⚖️ a16z petitions to join Ooki DAO’s legal defense against CFTC.
📉 MicroStrategy’s crypto accounting strategy labels Bitcoin holdings as intangible assets.
💸 NiftyApes, NFT-based loan financier, receives $4.2 million in startup funding.
Social proof…
Key cases of adoption over the past week:
🐥 Twitter gets Crypto-makeover.
Why this Matters: As ‘Chief Twit,’ Elon Musk is proposing a number of web3 updates to Twitter, including rolling out crypto wallets and making NFT transactions easier. AND he’s tapped Binance to help him.
💼 Equifax builds KYC products for web3.
Why this Matters: Equifax is partnering with privacy-focused cloud company Oasis Labs aims to develop privacy and “anonymous-KYC” products for web3 companies.
💳 Visa goes Web3—files trademark apps for crypto wallets and NFTs.
Why this Matters: Visa is one of several financial titans joining the web3-trademark party, following similar moves of American Express and the NYSE.
💄 L’Oreal and Meta launch metaverse accelerator.
Why this Matters: Meta’s partnership with L’Oreal and HEC Paris will bring industry support to startups focused on AR, VR, mixed reality, avatar creation, token economies, and other web3 topics.
What our HR Guild found about HR in Web3
Quality intel on the best-in-show organizations building the HR Infra Web3 NEEDs.
The past month, our HR Guild led by Envario, a HR Tech and Benefits Firm, looked at the state of Human Resources in Web3 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.
Over the next 7 weeks, we’ll be profiling those providing the HR infra — Payroll, Benefits, and Sourcing — to freelance Experts to MORE THAN make it in Web3. We start today with Franklin, a web3-native payroll platform that allows teams to be paid compliantly in Fiat or Crypto.
What to Know about Franklin 💸
Enables web3 companies to pay U.S. Employees in USD, Crypto, or a mixture of both.
Manages the required local, state, and federal withholdings and handles tax forms such as handling W2 and generating 1099 tax forms.
Maintains transaction history which can be exported for company bookkeeping purposes, and provides a portal for workers to login to view pay stubs and payment history.
Provides a mechanism for Direct Deposit (Bank and Crypto).
Learn more about What Franklin below:
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