NFTs, or non fungible tokens, are now a real part of how many companies generate revenue, engage customers, and build digital products. As NFT adoption grows, so does the need for clear accounting and financial guidance.
CipherCounts partnered with Bitwave to create NFTs: The Basics, a course designed to help finance and accounting teams understand NFTs from a practical, financial perspective.
Why NFTs Matter for Accounting
NFT transactions create unique accounting and tax considerations that traditional systems are not built to handle. Common questions include:
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How NFTs should be classified on the balance sheet
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When revenue is recognized from NFT sales
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How minting costs and gas fees are treated
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How secondary sales and royalties impact reporting
Without proper guidance, NFT activity can become difficult to track, reconcile, and audit.
What the Course Covers
The NFTs: The Basics course provides a clear introduction to NFTs with a focus on accounting and reporting, including:
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What NFTs are and how they work
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Common NFT business models
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Key accounting considerations for NFT activity
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How NFT transactions flow through wallets and platforms
The goal is to give teams a strong foundation so they can make informed decisions and avoid costly mistakes.
Built for Real World Use
This course is designed for companies actively working in Web3, crypto, and digital assets. It focuses on practical knowledge that finance teams can apply immediately, not hype or speculation.
Learn NFTs With Confidence
As NFTs continue to evolve, having accurate accounting and reporting is essential. NFTs: The Basics helps teams understand what matters most so they can move forward with confidence.