Corporate NFT Accounting & Reporting
Unlock frictionless NFT accounting capabilities for your team. Track royalties, expenses and revenues and generate comprehensive financial NFT reports.
We simplify NFT accounting
A single point of access for the world of crypto, reporting and accounting for non fungible tokens.
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NFT Tracking & Reconciliation
Tracking NFTs and NFT transactions are easy as connecting your wallet with a few clicks. Cryptoworth tracks all NFT transactions and it's associated information from NFT marketplaces.
Transaction Resolution
Our intelligent transaction resolution algorithms helps you solve navigate NFT accounting challenges smoothly with confidence.
NFT Tax Accounting
One size does not fit all. It did not in web2 and certainly not in web3. We understand the challenges among NFT tax accounting treatments and therefore we built a fully configurable options from classifications, to tagging to taxability behaviour.
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NFT Reporting
Non fungible tokens are different and they are everywhere. Differntiating revenue, minting and transaction fees can be a challenge. We help you track revenues, royalties, fees and expenses and generate auditable NFT reports with a click of a button.
Customer Stories
Accounting teams, funds, Layer 1s, L2s, and digital asset businesses trust Cryptoworth to deliver reliable, audit-ready reporting. No matter how complex their operations. Here’s what leaders say:
"As a frequent user of Cryptoworth, I can confidently say it's a game-changer in the world of cryptocurrency accounting. Handling high transaction volumes is a breeze, and the reports it generates are exactly what I need. The Cryptoworth team is incredibly responsive and always quick to address any issues, showcasing their dedication to user satisfaction.
Nauman Mustafa
CEO at Celo
"On the crypto accounting subledger tooling side, we had certain blockchain native complexities to work through on the accounting side. Internally, we’ve been happily working alongside Cryptoworth who have provided a very flexible product to fit our needs and help solve these complexities for us."
Zac Hogg
Controller at Solana Foundation
"Cryptoworth's UI is very user friendly and the implementation /integration of Stacks Blockchain within a week tells everything about the techinical capabilities of the team. The Customer Support provided by Geeth and Richard has been exemplary and one of the biggest reasons why we're a big supporter of Cryptoworth and promoting it across our Ecosystem!"
Shakti Pradhan
CFO at Stacks
"We use Cryptoworth as our crypto subledger with millions of dollars in crypto over 50,000 historical transactions . We are project that transacts in our native token as well as many other chains. The team at Cryptoworth not only integrated and supported us while other subledger companies wouldn't, but they also are very attentive to feedback and product improvements. There is so much nuance in this industry and we can count on them to help navigate it and incorporate any new practices."
Scott Hewitson
VP Finance at Overclock Labs
It gives our team the ability to segregate wallets into separate portfolios. Its clean UI supports many different tokens. The quick response and support from the Cryptoworth team ensure any issues are dealt as efficiently as possible. Platform integration allows for the syncing of transactions from Cryptoworth directly into most ERPs (Netsuite, Xero, etc.). The rules-based tagging for classifying transactions helps with repetitive transfers and eliminates manual tagging."
Joe Murley
Controller at Avara
"As a frequent user of Cryptoworth, I can confidently say it's a game-changer in the world of cryptocurrency accounting. Handling high transaction volumes is a breeze, and the reports it generates are exactly what I need. The Cryptoworth team is incredibly responsive and always quick to address any issues, showcasing their dedication to user satisfaction.
Nauman Mustafa
CEO at Celo
"On the crypto accounting subledger tooling side, we had certain blockchain native complexities to work through on the accounting side. Internally, we’ve been happily working alongside Cryptoworth who have provided a very flexible product to fit our needs and help solve these complexities for us."
Zac Hogg
Controller at Solana Foundation
"Cryptoworth's UI is very user friendly and the implementation /integration of Stacks Blockchain within a week tells everything about the techinical capabilities of the team. The Customer Support provided by Geeth and Richard has been exemplary and one of the biggest reasons why we're a big supporter of Cryptoworth and promoting it across our Ecosystem!"
Shakti Pradhan
CFO at Stacks
"We use Cryptoworth as our crypto subledger with millions of dollars in crypto over 50,000 historical transactions . We are project that transacts in our native token as well as many other chains. The team at Cryptoworth not only integrated and supported us while other subledger companies wouldn't, but they also are very attentive to feedback and product improvements. There is so much nuance in this industry and we can count on them to help navigate it and incorporate any new practices."
Scott Hewitson
VP Finance at Overclock Labs
It gives our team the ability to segregate wallets into separate portfolios. Its clean UI supports many different tokens. The quick response and support from the Cryptoworth team ensure any issues are dealt as efficiently as possible. Platform integration allows for the syncing of transactions from Cryptoworth directly into most ERPs (Netsuite, Xero, etc.). The rules-based tagging for classifying transactions helps with repetitive transfers and eliminates manual tagging."
Joe Murley
Controller at Avara
FAQs
Discover quick and comprehensive answers to common questions about our platform, services, and features.
What are NFTs Standards?
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Non-Fungible Tokens (NFTs) are digital assets representing ownership or proof of authenticity of a unique item or piece of content, such as artwork, music, videos, and more, using blockchain technology. The uniqueness and indivisibility of NFTs set them apart from fungible tokens like cryptocurrencies.
Two primary standards govern the creation and operation of NFTs: ERC-721 and ERC-1155. ERC-721, the first standard for representing non-fungible digital assets, allows for the creation of unique tokens, where each token is distinct and has a different value. ERC-1155, expands this concept by accommodating multiple token types in a single contract. This versatility is crucial for applications requiring a mix of fungible and non-fungible tokens, such as gaming platforms (e.g., The Sandbox, Skyweaver and MyCryptoHeroes), where it streamlines transactions and reduces gas fees.
From an accounting perspective, these standards necessitate new valuation methods reflecting the tokens' uniqueness and market dynamics. They challenge traditional financial reporting, demanding adaptations in asset recognition, measurement, and disclosure to capture the true value and ownership of NFTs accurately.
What are NFT Bonds?
NFT bonds blend the liquidity and investment mechanics of traditional bonds with the innovation of non-fungible tokens (NFTs), creating a novel financial instrument in the DeFi space.
They allow protocols to lock tokens within transferable NFTs, which can then be traded on secondary markets, similar to traditional US Treasury Bonds (T-Bills). This setup offers a way to provide liquidity while locking in value under specific conditions until maturity, when the tokens are released to the bondholder.
For accountants navigating the Web3 domain, the primary challenge lies in valuing these NFT bonds due to the lack of on-chain fair-market metrics.
Read the in-depth article about NFT Bonds
Take Control of Your Crypto Finances Today!
Start managing digital asset records with Cryptoworth’s Sandbox subscription. Explore reconciliation, data completeness, and sanity checks with your data—no long-term commitment required.
- Up to 5 wallet and exchange connections
- 2,000 transaction lines.
- Sanity Checks.
- Access to invoicing, reconciliation, and billing modules
- Group onboarding and video tutorials.