Web3 advisor network at your fingertips
Last updated
Last updated
Success in this space isn’t just about innovative technology—it’s about building a well-rounded team of advisors who can navigate the unique challenges of the crypto industry. We work with some of Australia's best tax, legal & marketing advisors who specialise in web3 gaming & NFTs to help your project succeed. Here's a quick breakdown of the key advisors every web3 startup needs to stay ahead:
Our view on your accounting advice team is different to most in the industry. We think you are selling yourself short by asking one accounting firm to be your accounting & tax advisor for your project entities, personal companies, trusts and individuals. We've been both a traditional accountant & now a crypto-specialised accountant. We are here to tell you that being great at both is incredibly difficult.
Being a great crypto accountant is a full-time commitment. Understanding on-chain accounting, current & new blockchains, sub-ledger software, structuring across different jurisdictions, token generation events, block explorers, wallet structures, GST & income tax is challenging & has a steep learning curve.
This role also extends to cash flow forecasting & reporting, helping your project plan for future expenses while accounting for market volatility. Understanding the tax implications of token issuance, staking, & other crypto activities is essential to ensure the project remains compliant with relevant tax authorities.
At Snapshot Web3 Accounting & Advisory, we partner with your traditional accountant & tax agent (or suggest a great firm to partner with) to provide the best on-chain accounting experience for your web3 gaming & NFT project.
When projects come to us, we usually see one of two scenarios. Both result in a poor experience.
The project founders had an existing accountant but moved their work to a "crypto accountant" because the project needs specialised blockchain accounting advice & services.
The project founders have an existing accountant (who has been great) & their accountant has tried to fulfill the crypto accounting needs (usually underdelivering & over-charging).
Scenario 1 - Often the founders realise that the "crypto accountant" isn't actually that great at crypto accounting & they aren't that great as business advisory & tax. It's no wonder given what is involved to be a one-stop shop in this space.
Scenario 2 - Can sour what may have been a great existing relationship with the accountant & tax agent. Crypto accounting & tax is highly specialised & not something that a traditional accountant is likely to have much experience in. I mean you might as well ask them to write you a smart contract using solidity.
So, the question is: Do you go with a crypto specialised accountant to look after everything or a traditional accountant to look after everything?
Check out our blog post here on why you should have a crypto-specialist accountant & a traditional business services/tax accountant that work together.
Blockchain projects face a rapidly evolving regulatory landscape. A legal advisor with blockchain expertise (even better one that knows web3 gaming & NFTs) ensures your project complies with ever-changing laws, such as securities regulations, anti-money laundering (AML), & know-your-customer (KYC) requirements. They also help set up the right legal structure for your project, whether it's a DAO, foundation, or a token-issuing entity. Their role includes protecting intellectual property (IP) & drafting robust smart contracts to avoid legal disputes down the line.
In the blockchain world, building a loyal & engaged community is essential. A marketing & community advisor is key to growing your project’s visibility & fostering a dedicated user base. Whether it’s managing social media, launching tokens, or creating strategic partnerships, a solid marketing strategy fuels project growth & token adoption. Community-driven projects are often the most successful, with early supporters becoming long-term advocates and contributors.
