The way of the DAO could be the future of work
Could such a decentralised structure potentially function as an effective way to attract a large number of followers, efficiently organise resources, incentivise talent?
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THERE is a general view that 2020 is the year of DeFi (decentralised finance), 2021 is the year of NFT, and 2022 will be the year of DAO (decentralised autonomous organisation). As the word "decentralised" suggests, DAO is expected to be the native corporate structure of the crypto economies.
What exactly is a DAO? It's been called a "crypto co-op" and is often associated with crowdfunding. In fact, any loose form of organisation that is decentralised and autonomous can be called a DAO.
In the simplest format, a multi-signature wallet that manages community treasuries can be a DAO; a chat group that manages community communications can be a DAO. Thus Bitcoin and Ethereum are DAO of protocols, as are many of the recent DeFi protocols, NFT projects or Web3 projects.
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