I salute you from Miami, where, after quitting my job last month, I’ve dove deeper into the Web3 rabbit hole.
Today, combining my passions as a Software Engineer, Teacher, and Political Science major, I’m happy to announce I’ve joined Aragon as a Developer Advocate, helping engineers around the world build the future of work with DAOs.
Let’s decompose what that means.
3 brain farts
🌱 How we got here: The future of humanity rests on how we collaborate at scale. We need each other to survive and thrive, but working together isn’t an easy task.
Disagreements, trust-less relationships, lack of communication, and hard-to-follow processes make it hard to go from idea to action.
For ex - let's say I meet someone online with my same vision. How could we coordinate and execute impact?
- We start setting up a plan through Zoom calls.
- But then, to execute, we’d need funds. Who’s account should funds go to? How do we know we can trust each other?
- We’d need to register an organization. Who's name should it be under? Should we set it up in her country or mine? Also, why does it matter if we’re going to be working online anyway?
You see, current legislations for collaboration are though-out for a world of geographical proximity. Today, we’re exchanging ideas with people from around the globe, but it’s increasingly hard to bring those conversations into world-changing action.
Enter the DAO.
🌎 What this means: You can imagine a Decentralized Autonomous Organization as a public company with some variations.
A DAO is really an internet community who's members coordinate resources around a shared vision and ensure trust among strangers thanks to tokenized incentives and ownership.
At the core of a DAO sits the organization’s treasury. How funds are allocated is decided by token-holders, allowing members to participate in a trust-less manner.
You see, ownership is Web3’s super power because in DAOs, community members are your costumers, teammates, and investors.
DAOs may still be somewhat unregulated, but this doesn’t mean they are lawless. Rules on rituals, membership, and voting are set in written constitutions often enforced by smart contracts and accessed through websites backed by distributed blockchains.
The future of work is digital and DAOs enable anyone, anywhere, at any time to work on a shared mission.
🚀 Where we’re headed: I used to think this was a crazy idea real only to the crypto geeks on living on basements.
Turns out, DAOs today have market caps worth billions of dollars and your kid will likely work for a DAO in the near future.
As long as you have an internet connection and a crypto web wallet like MetaMask, you are good to go. But just like any organization, the harder part is still maintaining it.
Problems like compliance, innate centralization of power, contribution levels of members, etc, are all challenges still faced by the DAO community.
2 intellectual goodies
"For the first time ever, we have a transparent, immutable, programmable, substrate upon which to build new institutions. Institutions that cannot be corrupted even if their founders are."
~ Bankless, one of my favorite crypto newsletters.
"Improving coordination means better resource allocation, less corruption, and more symmetry between value created and value captured. It’s bad for intermediaries, good for everyone else."
1 funky audio
When reading things that make my brain explode, I usually go for chill, often hippie, kind of music.
Here’s my favorite playlist to relax and enjoy a good read.
& featured snacks
My favorite DAO articles:
- DAO Ecosystem Overview: maps out existing DAOs and activity within the space.
- A beginners guide to DAOs: what they are and how they differ from traditional companies.
- 15 Ways the World is Being Transformed By DAOs: details the different types of organizations that can be set up in a DAO.
- Code is law? Smart contracts explained: explains the power of smart contracts and how they work.
Thanks for reading.
As always, feel free to connect by hitting reply and sharing a juicy thought 💡.
We all help the curious community grow.