As the crypto sector [1] is maturing, small organisations are growing up, and are therefore also getting into contact with two specific grownup problems.
On the one hand, any significant “off-chain” presence which a crypto-related endeavour might have, is attracting regulators. Compliance is coming to crypto from all directions, and it is complicated. Within one year, we have seen discussions relating to KYC for stablecoin issuers, KYC on unhosted wallets and even Value Added Tax on NFTs.
On the other hand, growing crypo organisations are finding themselves iterating and improving on their decisionmaking procedures. Governance is coming to crypto. Every month, new sybil resistance mechanisms are being investigated and an arms race between founders and malicious community members is ongoing.
What unites these two problems is their need for identity and clear procedures. And that is what we will learn all about in this blog series.
Footnotes
[1] One of the biggest signs that crypto is maturing is not the market cap, but the fact that crypto no longer means “cryptography” in popular speech but is a reference to the sector
