In response to the collapse of previously trusted exchanges, users have increasingly turned to self-custodial wallets and DeFi protocols to access financial applications with minimized trust. This shift has prompted centralized institutions to offer proof of reserves to demonstrate asset stability and liquidity, addressing the rising demand for verified crypto facts rather than promises. The concept of proof of reserves extends beyond trading platforms and financial institutions to stablecoins, cross-chain tokens, and tokenized real-world assets, offering a means to verify collateral assets. The Web3 ecosystem, still reliant on considerable trust, can benefit from proof of reserves solutions to enhance decentralization and reduce trust dependence. The text recommends several articles and videos to help understand proof of reserves, its operations, the lack of a universal solution, and the centralized trust points within the Web3 environment, emphasizing the need for transparency and trust minimization across the cryptocurrency industry.