---
title: Laid Back Ventures success story
description: How Laid Back Ventures brought thousands of NFT-related blockchain transactions into clean, euro-denominated accounting.
publishDate: 2024-08-22
---

## Background

In 2021, Laid Back Ventures GmbH founded "Ape Harbour," one of the most significant NFT projects
based in Germany, in which 7,777 digitally created yachts were sold as NFTs. The project
attracted international attention, resulting in a global Ape Harbour community.

In the course of this project, Laid Back Ventures GmbH executed thousands of blockchain-based
transactions across a variety of wallets. Many of these transactions used the Ape Harbour smart
contracts that form the basis for the NFTs. Both hot and cold wallets, as well as multi-sig
wallets, were used in business operations.

## The Crypto Accounting Challenge

This extensive transaction activity on the blockchain brought with it the need to implement
prompt, complete, and consistent accounting in the local currency, the euro, and to prepare
financial statements on time, a significant challenge given the volume and complexity involved.

## nupont's Solution Approach

To meet this challenge, Laid Back Ventures GmbH chose the software solution from nupont. The
software extracts transactions directly from the blockchain, converts them into euros, assigns
account numbers relevant for accounting purposes, and makes them available in a standardized
format that conventional accounting systems can process directly. This enables a structured and
complete integration of blockchain transactions into accounting.

## Results

Nico Limberg, Managing Director of Laid Back Ventures, on the implementation of nupont:

"By using nupont, we were able to import a wide variety of business transactions, be it smart
contracts or simple transactions, directly into our accounting software sevDesk. The result is a
well-structured and complete documentation of our blockchain transactions in our local currency,
the euro. Compared to the manual processes previously required, we have achieved a significant
gain in productivity and time. Another advantage is that the automatic data import avoids manual
input errors.

With nupont, we have found an effective solution that allows us to efficiently manage the
demanding conditions of our blockchain accounting while saving considerable time and resources."