An article to understand the current state of DAO

We’ll share the latest articles documenting and thinking about the DAO ecosystem and extract the gist of it, making it easy for you to cut through the noise and keep up with the DAO world.

This is the current state of DAOs.

Work for DAO

Author: Gioser

What skills are needed, how to get started, and how to get paid!

In the future, ordinary people may not work for traditional companies or businesses. A new future of work is taking shape as new ways of coordinating, producing, and compensating emerge, supported by a network of blockchains and cryptographic protocols. This shift has begun to unlock new ways of earning for individuals across the globe and, due to its rapid growth, has created the conditions for a transfer of value from traditional organizations to DAOs.

An article to understand the current state of DAO

Choose a DAO

A Decentralized Autonomous Organization is an Internet-native organization jointly governed and owned by its members.DAOs provide the tools needed to effectively organize people and resources, making them accessible to everyone. DAOs come in all shapes and sizes: those that manage cryptographic protocols, those that make venture capital investments, those that provide services to other DAOs, those that buy NFTs, and more.

An article to understand the current state of DAO

As rich as DAOs are, they all share the same elements that differentiate them from traditional organizations, allowing them to be open, accountable, and equally distribute the value created within them.

DAOs are the future of work.

DAOs can be seen as an open economy by nature, allowing people to participate, blending and matching their talents and skills, and giving them ownership while they work. DAOs provide more and better opportunities for every participant (core contributors, bounty hunters, token holders, visitors, etc.).

An article to understand the current state of DAO

How to get involved

There is no specification for joining a DAO. Everyone has a different way of doing things. Once you’ve found a DAO that really interests you and is a good match for you, you’ll want to familiarize yourself with the culture or atmosphere of the community. The best entry is where the DAO members are most active. Join a community conference call, a newcomer meeting, or a guild meeting, and start learning!

Ambience check!

Go scouting out the communities you’re interested in.

See what the hell is going on in this community.

Check out their vibe, shop around, see what the community is trying to accomplish, and try to understand why people are there. Choosing a DAO to participate in and work on should be a thoughtful process, similar to choosing a job in real life.Be prepared; it takes time and effort!

Once you’ve found a DAO that aligns with your values ​​and interests, introduce yourself! Do not think too much. The people who contribute to the DAO are some of the friendliest people in the crypto ecosystem, and they are always happy to connect with new people and show others their work. Share your background, work experience (if relevant) and motivation for joining this DAO. After the presentation, it’s important to stay active, attend conferences, keep up with DAO developments, and share your thoughts and findings with colleagues.

This is just the beginning of your DAO journey! Transitioning from being part of a DAO to working for a DAO takes time, energy, and perseverance. Contributing to the DAO is creating value through participation, taking ownership and responsibility, and adding value to the DAO.

How to contribute?

An article to understand the current state of DAO

When I joined BanklessDAO in September of this year, I was overwhelmed with a ton of information, numerous guilds and daily activities. Instinctively, I joined the guild that best suited my education and skills. After spending a week desperately familiarizing myself with the Discord channel and Notion page, I joined my first community call, and the following week I attended the Translator Guild’s weekly meeting. Soon after, I started translating weekly newspapers and decentralized art, and started distributing them to the Greek-speaking Bankless community later that month. It was a great opportunity for me to find my own DAO path and start contributing. Everyone’s journey in the DAO is different and unique!

You may not be able to start contributing to the project right away. First, have meaningful conversations with your colleagues in a dedicated Discord channel. Execute them openly and honestly, adding value to governance, membership, roles, and procedures. The key to being a DAO contributor is telling everyone that you can, and really take responsibility for projects or tasks that you can perform and add value to. The process is completely different from working in the corporate world. In a DAO, no one assigns you work. You have to be proactive about finding meaningful work. Once you find it, you don’t need to ask people’s permission and spend hours trying to prove your solution works. You just pitch your idea in a meeting, write a small forum post, get a soft consensus in the group, and you’re good to go. All it takes is volunteering, gaining autonomy and getting things done! Do not hesitate. Go get involved. DAOs need members who can take the lead, propose new projects, launch new initiatives, and address issues that arise along the way in an inclusive way.

Most of what happens in a DAO is done collaboratively because decision making is decentralized. Everyone is able to articulate, define and pursue their vision, and leaders will emerge from those processes that identify and address gaps in organizational structures and products.

Create an on-chain resume

In a DAO, it is important to gain trust through work. The DAO is looking for reliable contributors who can work independently and in a way that respects the collective will of the organization. Reputation credentials received in Web3 correspond directly to individuals, they are not numbers within an application or platform. Your reputation is built on the blockchain, so no one can delete or suspend them. The value you contribute in any Web3 community you participate in can be tracked through DAOs and the community rewards its contributors with tokens, POAPs and NFTs. They accompany you and serve as your on-chain reputation and your resume. Once you build a reputation in the community and enrich your online resume, more opportunities will arise.

An article to understand the current state of DAO

Until then, there were a lot of different roles depending on what the DAO focused on, but here are a few roles that are common to most DAOs:

Community Admins: DAOs as communities typically require people who  act as moderators/admins and become the glue that holds the project or guild together.

Project Manager: DAO ‘s  main product innovation occurs in projects and groups. With project management experience, knowing how to organize a group of people and get them to work is a sought-after skill.

·  Clerk/Writer: There are a large number of meetings happening every day within the DAO, and since people work asynchronously, this means that there is a high demand for people who record and summarize events, meetings, and discussions.

Artists/Creators: NFTs have become a popular way for  DAOs to generate revenue streams, and POAPs are a common way to reward participation. In this sense, artistic ability is greatly valued in the DAO.

Developers: DAOs  often build their own tools and products. If you are a programmer, you can definitely find a DAO that needs your skills.

Treasurer/Economist: The  DAO treasury is huge. Therefore, contributors with financial background and experience in budgeting, fund diversification and asset allocation are highly valued.

As you know from the list above, you don’t have to be a programmer or computer science major to join the DAO and start contributing. The above skills are valued and sought after even in technology-oriented protocol DAOs.

reward

The rule of the DAO economy is to bring value to the community first. DAOs always require proof of work unless you claim a task with a fixed bounty attached. Every new person should dive less and actually participate in the community, take responsibility, perform tasks, and provide value. As mentioned above, in a DAO, when it comes to work, a lot depends on trust. Once you gain this trust through your work, you will not only gain a reputation in the community, but you will be rewarded for it.

Having said that, it should be noted that getting paid through a DAO can take some time. DAOs provide countless job opportunities without red tape or subject to bias (e.g. interviews). Providing upfront work demonstrates a person’s skills and commitment to the project.

An article to understand the current state of DAO

There are different ways to get paid in a DAO, such as:

Coordinape is a web3 native platform that enables DAOs to fairly distribute rewards to contributors through peer-to-peer distribution. Projects, grants and salaries can be distributed through Coordinape in a way that also incentivizes participants to increase their future contributions.

An article to understand the current state of DAO

Set roles: Guilds often have a variety of preset roles, especially in coordination, governance, finance, and onboarding new people. Roles typically get paid in tokens based on the hours/weeks required for different functions.

Grants: Every DAO, especially mainstream DAOs, has a grant program. Some DAOs like Uniswap, Compound, Sushi, and Aave have large capital. Allocating funds to those who come up with unique ideas and proposals for the service provides additional value to the protocol.

Bounties: Bounty boards are collections of individual tasks, each with a corresponding price tag. Bounties allow DAO freelancers to have a trustless and frictionless interaction with publishers, as the bounty is distributed as soon as the terms of the job assignment are reached. The DAO utilizes bounties to incentivize the community to accomplish various tasks.

An article to understand the current state of DAO

Employed by The DAO:

While “full-time in a DAO” doesn’t necessarily mean you quit your job or go all out in the DAO space, there are plenty of DAOs that do offer full-time jobs. Protocol DAOs often have the resources to provide stablecoin-based salaries and stable work environments, allowing contributors to leave traditional jobs with peace of mind.

In the DAO economy, there are no set rules for how contributors are paid. Some DAOs are paid on standard hourly wages, while others rely primarily on Coordinatape to reward their contributors. Payments are usually made in the DAO’s governance token or a currency available in its vault. As DAOs grow and attract more people willing to work full-time in DAOs, compensation is becoming one of the most discussed topics in organizations, and many are researching different ways of being paid.

in conclusion

Working for The DAO is not just about making money. DAOs represent a new framework for human coordination and organizational culture in which ownership is taken back and placed into the hands of the community that built it. There are many benefits to participating in the life of the DAO, as the spirit of community is at its core. Contributing to The DAO means you join a culture of a vibrant community of people who share your values ​​and vision for the world.

Since DAOs are in a phase of continuous growth, they are always looking for talent. These people have the right attitude, want to contribute, are willing to take on tasks/responsibility and fulfill them. Whether your goal is to build something fun with other people, or a full-time salary, there are plenty of ways to get paid for your contributions, efforts, and time spent in the organization. While one might say that there are many ways to start contributing meaningfully to the DAO, in my opinion, one is the most important. Continued engagement, being proactive, willing to help, and sharing knowledge will greatly increase your chances of becoming a full-time DAO contributor.

Web3 isn’t just for fun and games, it’s for work

Author: David Chaum

Software updates from web2 companies often come with bugs and vulnerabilities, while corporate and national data breaches are on the rise. If that’s not enough, digital advertising companies collect your data in order to sell you ads more effectively, while being a one-stop shop for government agencies like the NSA and FBI for detailed user information. This system was never built to help us stay safe – corporate and government incentives were never designed to make it happen.But web3’s vision is not just “Metaverse”. Web3 promises to make the web2 business model a thing of the past and usher in a truly decentralized, privacy-conscious, quantum-safe, and democratic Internet.

Jobs and Income on the Internet

Author: Crypto, Culture & Society

The workforce is constantly evolving: Few jobs are permanent and 9-to-5. Today, especially for gig jobs, people are more likely to interact with apps than managers. However, working with digital platforms severely limits us. Content creators are forever at the mercy of these companies, which can make decisions on short notice and have a significant impact on the pipeline that creators have worked so hard to develop.

“It’s now clear that platform-based work that looks creative and aspirational is actually a kind of 21st-century serfdom, where one person’s labor makes others rich.”

A better option would be to have workers log out of the web2 platform and log in to web3, where creators become their own masters by building new means of production and distribution. Not only are there more opportunities to earn income from your labor, but you actually have a say in the important decisions you make.

“This brings us into a new paradigm that is not labor versus capital, but labor versus capital.”

Web3 Revival: The Golden Age of Content

By Li Jin and Katie Parrot

The Web2 Internet disrupted the business model of media. The dominant business model is opaque, ad-based, and reliant on closed networks due to a lack of payment infrastructure. This gives “aggregators” a huge advantage, and creators are forced to seek out the widest possible audience and create content that appeals to advertisers.

The advent of Web3 marked the end of this business model and tipped the balance in favor of creators. A new generation of technology is emerging that promises to change the balance of power in the creator economy. NFTs, DAPs, Patronage+ and programmable economic models are catalysts for this shift. Learn more about these technologies and how they break through traditional media.

Mapping the DAO economy

Author: paulfinneyx

In the past 5 years, DAOs have exploded in almost every industry. The top 20 DAOs alone manage over $14 billion in digital assets; this is serious business! This year is special for the DAO ecosystem, DAO is becoming the new limited liability company.

In contrast to hierarchy-based companies, DAOs are autonomous and built on smart contracts. The main benefits of DAOs are:

Shared ownership: DAOs are owned by those who create value for them.

Transparency: All actions and funds of the DAO are disclosed on the blockchain.

Autonomy: decision-making power belongs to the members.

Efficiency: Thanks to the social contract, all decisions and changes happen automatically, resulting in increased efficiency.

Anonymity: The DAO does not require you to provide identification in order to invest or contribute.

DAOs can be classified as technical or socially oriented. They provide services at nearly every stage required to build a successful DAO. These include building protocols, aggregating capital, producing content, and more. Starting a DAO is easier said than done. For a DAO to achieve a good structure, it needs to go through four stages:

Build a solid foundation

establish ownership

Configuration governance

Set incentives and rewards

While DAOs are currently focused on the crypto space, it is possible for almost any organization to DAOize. The benefits of DAO-ifying traditional web2 companies are enormous. Additionally, startups can choose to use a DAO-like model to their advantage. As well-known people enter the field with revolutionary ideas, the perception of organizations begins a paradigm shift towards DAOs.

DAO Essentials: 6 Key Onboarding Practices

Author: Kassen Qian

In this article, I gather insights from seven mainstream DAOs to develop six takeaways for community-oriented DAO onboarding practices. They are:

Establish a clear mission and vision: New members should be brought in by existing members with a clear understanding of the mission and vision and properly imparted to them.

Design new member onboarding from a contributor perspective: Each DAO has a different onboarding approach, but they all share one principle: contributing should be easy, how to contribute should be clear, and expectations should be communicated.

Promote personal connection, especially early on: Existing members should try to communicate one-on-one with as many new members as possible.

Invest in education and resources: DAOs should ensure that new members have easy access to important and relevant information.

Adapt to different levels of knowledge and experience: Depending on the target audience of the DAO, there should be something for all levels of audience.

Avoid scaling challenges ahead of time, especially those related to quality of work and “leaves”: guardrails should be developed early to help core contributors deal with members not adhering to community guidelines or inconsistent with the DAO’s mission and operations condition.

An article to understand the current state of DAO

The Future of Work is Not Corporate — It’s DAOs and Crypto Networks

Author: Ben Schecter

Key Points:

In the future, most people will earn income from non-traditional sources:

Earn while playing

learn and earn

Earn while creating

as well as the traditional way of working and making money

This change will be facilitated by the DAO, which will coordinate all activities outside the company. DAOs will play the role of an open economy, allowing people to blend and match income streams according to their interests and skills.

People can earn income from:

Funding of DeFi Protocols

Passive mining investment income

Capital gains on rising token value

Paid roles and bounties

The future of work will be a dynamic place where switching jobs may be as simple as switching Discord channels. “The whole world will be unified under one workforce with all opportunities.”

Why it’s too early to get excited about Web3

Author: Tim O’Reilly

Key Points:

Back in 2005, Tim O’Reilly wrote an important postmortem analysis of web2 after the dot-com bust. His latest note draws on past experience to assess trends in encryption today and the wider internet:

·  Open source software and the World Wide Web helped break Microsoft’s dominance of the personal computer market.Since then, however, we have seen the emergence of monopoly giants built on user-generated data.

Can blockchain free people from this re-centralization O’Reilly cites the concentration of bitcoin mining in low-cost energy jurisdictions as a counter-example, and he believes there are many others.

The  media’s focus on getting rich is far above its utility, but if Web3 is to become a universal system of decentralized trust, it needs to have a lasting connection to today’s legal and economic systems.

The  overvaluation of cryptoassets (and tech startups in general) suggests that we are in the late stages of the current cycle, and we won’t really understand which companies/protocols make up the Web3 landscape until after the impending depression.

·  Who will survive? Look for monetization projects with a broad user base. This will reduce the need for external capital and provide more favorable terms when an infusion is required. Web3 winners will create unique and lasting moats.

Why DAOs change everything

Author: Izrs

Key Points:

In the West, free markets are often considered superior to centrally planned economic organizations. Interestingly, the company still uses a hierarchical structure, with executives deciding how the company operates. Is there a way to marketize within the company?

Product iteration can remove the false and  preserve the true, but the top-down nature of most organizational structures creates innovation bottlenecks. Typically, there is no internal market to identify winners and losers, and no decentralized consensus mechanism for resource allocation. This gets worse as the company grows, adding layers of bureaucracy as executives have limited leadership skills.

One way to  bring market forces into an organization is to develop leadership norms for desired outcomes, and then pay people if the work is successfully submitted. Those bidding on projects compete on price, quality and speed. This requires open source systems, and ideally the process is permissionless.

Such a structure could also allow for forking the stakeholder base if the entire “business” is on-chain and relationships can be ported with no lock-in effects and minimal friction

·  This new dynamic will have far-reaching consequences. From a developer’s perspective, iterations are performed permissionless and can scale with the level of resources allocated. Shareholders are no longer a bottleneck as there is no limit to the number of branches that can be created.

The untapped potential of DAOs

Author: Twoplus

Key Points:

With their growth and explosion in popularity, DAOs are the crypto buzzword of 2021. However, with this accelerated growth, many DAO contributors are exhausted and find themselves in a community that has grown too large. So, the question arises: How does a DAO scale up while retaining the essential elements that make DAO life so appealing? the answer is:

Build tools and processes focused on achieving the best interests of  contributors, including optimizing their mental health.

·  As DAOs scale, it is necessary to maintain the enthusiasm and motivation that brings people together to contribute their time and attention in new ways.

Align incentives with the  community to create a stickiness that keeps contributors active within the DAO.

DAOs must strive to build an experience for contributors that attracts, embraces, and retains people. Only by creating a fantastic work environment focused on contributors can DAOs continue on their trajectory and harness their world-changing potential.

The DAO: The Social Network That Can Reconnect the World

By Justin Mart & Connor Dempsey.

An article to understand the current state of DAO

Key Points:

The term “social network” is a broad term. Some connotations are good, such as the ability to organize and establish communication with people from all over the world, to bring people together, and to find like-minded people to share what interests and excites you. They are also responsible for many negative things! The creation and rapid expansion of social networks brought most people into the digital age.

Now with the advent of DAOs and digital native currencies, we can not only communicate and share, but coordinate around capital!

DAOs are new social networks and have several basic categories:

Protocol DAO

Investor/Collector DAO

Social DAO

Service DAO

Media DAO

Donation/Charity DAO

DAOs are the future, reimagining how we manage, invest, work, create, donate and change the world around us. It is a framework upon which everything will be built. The upcoming year will be exciting as the category, quantity and quality of DAOs will evolve dramatically!

Disclaimer: As a self-media integrating industry information, the articles published on this site only represent the author’s personal views and have nothing to do with Jinyun Storage’s position. The information, opinions, etc. in this article are for reference only and are not intended to be or be regarded as actual investment advice.

An article to understand the current state of DAO

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Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/an-article-to-understand-the-current-state-of-dao-2/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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