CrunchSpark Blog

NFTs are valued based on their scarcity, utility, liquidity and collectability. Factors such as the popularity of the NFT, its age, and the reputation of the creator are also taken into account.

A comprehensive list of online resources for all your crypto accounting and tax needs.

When accounting for ICO deferred income, the company should record it as a liability on the balance sheet and any associated costs as an expense on the income statement.

Web3 is a suite of protocols to create a decentralised and secure internet, while cryptocurrency is a digital currency secured by cryptography. Blockchain is a DLT for secure and transparent digital asset transfer.

Blockchain is a revolutionary technology that has changed the way we think about and use data. It has opened up new possibilities for how we store and use information, as well as how we interact with each other on an economic level.

We support Web3 businesses with their accounting, reporting and data analytic processes for fiat and crypto transactions, solving for an increasing number of blockchain accounting challenges.

Web3 businesses are often founded by visionary technical experts skilled in blockchain development but lacking expertise in accounting and finance.

The inspiration for CrunchSpark came from the need to solve common challenges in the crypto world - accounting, reporting, and data analytics for high volume transactions of complex digital assets.