Once derided as unworkable and liable to hacks, decentralized autonomous organizations have been attracting a lot of talent, capital and innovation recently. Many now see DAOs as the future of work. Introducing futureofworkweek, presented by nexo.
Ben Schecter, the operations lead for RabbitHole, predicts that most of us won’t work for companies in the future. “People will earn income in nontraditional ways by taking actions such as playing games, learning new skills, creating art, or curating content,” he writes in an article for Andreessen Horowitz.
Schecter argues that DAOs are better than traditional companies at orchestrating projects with many insiders and outsiders . They provide better alignment between organizational goals and individual benefits and offer transparency and sense of purpose. “The openness of these crypto economies will allow people to participate in several DAOs and crypto networks, mixing and matching different income streams and ownership returns,” he said.
Of course, traditional 9-5 employment, which reached its zenith in the post-war era, has been under threat for years. Automation, outsourcing and offshoring reduced the number of employees companies needed, pushing out workers to contracting, freelancing and temp work. Then came gig work like Uber and the pandemic, which normalized working for oneself at home. About a third of the U.S. workforce, or 51 million people, is now in some kind of “nontraditional employment.
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