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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Revenues Earned from Company’s Operations

The following table summarizes the revenues earned from the Company’s operations for the three and six months ended June 30, 2024 and 2023.

 

   2024   2023   2024   2023 
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Revenues from blockchain infrastructure operations                    
Staking to BTCS nodes  $407,287   $346,721   $751,198   $607,429 
Staking to third-party nodes   78,052    39,032    152,494    89,832 
Builder+   75,853    -    108,886    - 
Total revenues  $561,192   $385,753   $1,012,578   $697,261 
Schedule of Crypto Assets Earned From Validator Nodes

Crypto assets earned from BTCS validator nodes

 

  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Ethereum (ETH)   72   $241,588    108   $201,121    138   $429,666    206   $355,755 
Cosmos (Atom)   12,565   $104,580    10,662   $109,787    23,731   $225,654    16,642   $185,256 
Akash (AKT)   6,246   $26,740    2,851   $1,159    10,820   $45,486    5,658   $2,204 
Kava (KAVA)   6,632   $4,305    10,394   $9,351    12,924   $9,557    23,403   $21,086 
Mina (MINA)   2,880   $2,439    1,440   $1,070    5,760   $6,085    7,200   $4,907 
Oasis Network (ROSE)   10,431   $1,036    30,287   $1,735    26,567   $3,254    50,651   $2,931 
Kusama (KSM)   279   $8,108    180   $4,960    289   $8,583    453   $14,372 
Avalanche (Avax)   668   $18,491    646   $8,403    668   $18,491    646   $8,403 
NEAR Protocol (NEAR)   -   $-    1,665   $2,841    714   $4,422    2,687   $4,952 
Tezos (XTZ)   -   $-    435   $432    -   $-    1,614   $1,701 
Evmos (EVMOS)   -   $-    32,236   $5,862    -   $-    32,236   $5,862 
Total earned from BTCS blockchain infrastructure operations       $407,287        $346,721        $751,198        $607,429 
Schedule of Crypto Assets Earned From Ethereum

Crypto assets earned from Ethereum block building through Builder+

 

  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Ethereum (ETH)   23   $75,853    -   $       -    34   $108,886    -   $- 
Total earned from Ethereum block building through Builder+   23   $75,853    -   $-    34   $108,886    -   $- 
Schedule of Crypto Assets Earned From Third Party

Crypto assets earned from staking to third-party validator nodes

 

  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Asset  Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD)   Token Rewards   Revenue ($USD) 
Axie Infinity (AXS)   5,772   $36,379    4,474   $29,313    11,152   $84,701    8,926   $69,341 
Solana (SOL)   139   $21,353    128   $2,581    259   $36,725    249   $5,112 
Polygon (MATIC)   6,314   $3,758    6,158   $5,057    12,544   $9,489    12,140   $11,794 
Polkadot (DOT)   376   $2,619    356   $1,957    736   $5,576    602   $3,461 
Evmos (EVMOS)   6,834   $268    -   $-    18,260   $1,208    -   $- 
Cardano (ADA)   2,039   $837    433   $124    3,328   $1,590    433   $124 
Tezos (XTZ)   354   $338    -   $-    671   $705    -   $- 
NEAR Protocol (NEAR)   1,886   $12,500    -   $-    1,886   $12,500    -   $- 
Total earned from staking to third-party validator nodes       $78,052        $39,032        $152,494        $89,832 
Total revenue earned       $561,192        $385,753        $1,012,578        $697,261 
Schedule of Costs of Revenues

The following table further details the costs of revenues for the three and six months ended June 30, 2024 and 2023.

 

   2024   2023   2024   2023 
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Cost of staking revenues  $47,414   $113,612   $99,367   $195,626 
Cost of Builder revenues   121,434    -    230,106    - 
Total cost of revenues  $168,848   $113,612   $329,473   $195,626 
Schedule of Earnings Per Share Anti-diluted

The following financial instruments were not included in the diluted loss per share calculation for the three months ended June 30, 2024 and 2023 because their effect was anti-dilutive:

 

   2024   2023 
   As of June 30, 
   2024   2023 
Warrants to purchase common stock   712,500    712,500 
Options   1,302,500    1,135,000 
Non-vested restricted stock awards units   1,806,373    1,631,399 
Total   3,821,373    3,478,899