Optimising your wallet structure

Web3 gaming & NFT projects are unique.

• They have high transaction volume.

• They often have multiple revenue streams via NFT sales & in-game economies.

• They have different high value expense items like game developers, designers, web developers & marketing.

• They typically operate on lesser known blockchains like Ronin, Avalanche, Solana & Arbitrum.

Setting up your wallet structure is vitally important to be able to accurately track where your revenue is coming from & to monitor your expenses. Setting this up well streamlines your accounting & finance function resulting in decreased costs & more timely reporting.

A well-designed wallet structure also helps manage your treasury & decreases risk of loss by implementing key systems and processes around each wallet (purpose, access levels, funding sources, balance management). Check out our blog here on why a "wallet legend" is a must have for your project.

This is often an afterthought & can lead to many inefficiencies & frustrations in your day-to-day operations. It is usually one of the first implementation items we focus on when working with a new project client.