Work for a DAO.
Doesn’t matter if you live in a big city, on a beach, or on a farm.
Work part time or full time.
All you'll need is an internet connection.
The wealthiest people in the world in 10-20 years very well could be an odd mix of Bitcoin maxis, ethHeads, defi degens, and talented artists.
The world could get pretty weird.
@LinkiesLeaks
@chainlink
@ISDA
The MS Word integration is done!
Agreement generated via
@OpenLawOfficial
and smart contract executed in and MS Word, pulling in data from link and saving the info to MS Excel.
Smart contracts and $link is now at the fingertips of the 1 billion office users globally.
Blockchains are making the world turn upside down.
From top-down to bottom-up:
- DAOs: bottom up organizations
- NFTs: bottom up media
- DeFI: bottom up finance
- Ethereum: bottom up Internet
- Bitcoin: bottom up value
🚨 DAOs took a HUGE step forward today 🚨
The Wyoming DAO bill passed the Wyoming Senate committee. I’ll try to keep folks posted on what happens next.
This bill is significant -- short thread why 👇
4chan (or a derivative) will, at some point, morph into a DAO armed with a digital bank account.
If you thought the Internet was weird, it’s going to get weirder.
Crypto is what the US must have felt like in the mid- to late-1800s and early 1900s -- gold rushes, scoundrels, massive political changes, debates between centralization and decentralization.
Enjoy the ride.
💥
@OpenLawOfficial
is bringing
#ethereum
smart contracts and
#chainlink
to the billion+ user Microsoft Office ecosystem.
⛓️ Smart contracts (and smart legal agreements) are evolving rapidly.
👇Check out a demo below:
What’s going to come out of this bear:
- robust DAOs infra
- maturing NFT+ DeFi
- explosion of NFT membership cards (i.e. social tokens)
- fun consumer NFTs
- playable NFT games
We’ll also see substantive development around
- NFT licensing
- the open metaverse stack
Curious why Ethereum is gaining ground? Ethereum currently is seeing exponential from two simultaneous growth curves and there are three growing in the wings. Long thread below 👇
NFT membership cards are going to gobble up social tokens.
Why?
- Cards can be tiered and distributed as a community grows organically
- Cards create a better UX.
They're clean and simple, while ERC-20s make you feel like you’re being nickled and dimed.
Ethereum is starting to take over Hollywood.
We’ll increasingly see shows financed by NFT sales of characters and storylines crowdsourced by fan filled DAOs.
DAO life. Work with Internet friends anywhere you want, decide what you want to work on, float in and out of work streams, have no boss or corporate policies, and make a living (if not more).
Can’t imagine this isn’t the future.
It’s been great to see the
#chainlink
ecosystem grow.
#linkmarines
are helping to bring smart contracts to the masses.
Pumped to be giving a talk on Legal Infrastructure for DeFi and DAOs at
#SmartCon
,
@Chainlink
’s Summit on August 28-29.
Learn more:
NFTs aren’t just art. They’re also an authentication layer for Web 3.
They will enable instantaneous acess into tighter, gated, and (hopefully) less toxic online communities.
AND IT’S OFFICIAL!! 🤠
#Wyoming
will recognize
#DAOs
as a new type of LLC, effective July 1! Thank you legislators &
@GovernorGordon
for building on Wyoming’s history of inventing the LLC, which all other states followed roughly a decade later. We’re doing it again! A thread👇. 1/
NFTs for art
NFTs for design
NFTs for fashion
NFTs for code licenses
NFTs for IRL experiences
NFTs for real estate
NFTs for memberships
NFTs for governance
NFTs for treasury management
Crypto requires abundance thinking. It’s not about enslaving people through debt or heirarchy; it’s about lifting people up through community, incentives, and alignment.
DAOs likely won't evolve organized labor.
Instead, they'll usher in a new way to work (starting with tech workers):
- work on your time and on your schedule
- anywhere around the globe
- for groups you care about
- plug in where you have value
- exit at your leisure
Crypto prices go up and down, but this time feels different. Too many things are firing on all cylinders:
- NFTs bringing in millions of normies
- Glimmers of DeFI 2.0 emerging
- DAOs finally coming together
- Social tokens empowering online groups to take it to the next level
DAOs are laboratories for governance. And they’re the ultimate playground for coordination games.
Once we solve governance and coordination, the true power of the Internet will be unlocked.
DeFi isn’t starting to eat Wall Street. Ethereum is.
Over the next 5-10 years, it could eat:
* Sillicon valley with DAOs
* Art/gaming, market with NFTs
* Social networks, media, and influencer networks with personal tokens.
DAOs give communities an equal shot to fund projects and compete with VCs. DAOs have a levelling effect.
At the end of the day, Web 3 will invert media, finance, venture, and likely more.
As blockchains mature, we’ll move from a top down world primarily managed by corporations and bureaucracy to one managed by DAOs, open communities, and code.
The amount of capital that’s going to flow into NFTs from DeFi and valley funds is much larger than many people estimate.
Get ready — the next 18 mos. are going to be interesting.
DAOs matter. Why? The era of “experts" is coming to a close
We already see this in politics and increasingly in finance
Groups are better able to sift through the information overload of the Internet
Today Internet groups are blobs
DAOs turn them into structured forces.
Why is New York winning crypto? It's not just about tech this time around.
It's also about markets, culture, status, scarcity, and style.
New York has the perfect mix.
Crypto's nouveau riche will redefine global politics. How?
- soft influence (culture, style, media)
- hard influence (lobbying/capital)
- harder influence (networked tech)
Code isn't law (yet). But, wealth and influence created by code-as-law systems will soon influence laws
🤯 Smart contracts,
#chainlink
(and smart legal agreements) have also made inroads into the Google ecosystem.
- save contractual data from agreement automatically into Google Sheets
- save executed agreements in Google Drive
💥
@OpenLawOfficial
is bringing
#ethereum
smart contracts and
#chainlink
to the billion+ user Microsoft Office ecosystem.
⛓️ Smart contracts (and smart legal agreements) are evolving rapidly.
👇Check out a demo below:
Web3 will be defined by “token effects” and not traditional network effects.
What does that mean? Token-based projects have a better shot at building powerful and useful networks that are user-owned and operated.
(visualized brilliantly by
@LeConcurrential
)
Generative art is the first art movement capturing the Internet Age
When the dust settles, it'll be on par with impressionism, cubism, etc.
Many notable things about this trend. One thing stands out to me. They aren't 1:1s—like the Internet, they’re networked
Prices don’t matter; trend lines do.
Ethereum has grown tremendously in the past year and a price pullback is *healthy*
The innovation in the space has been occurring at a breakneck pace. We're seeing👇
If you view DAOs as investment clubs, you're missing the point. DAOs currently solve two vexing problems:
- how to manage open-source technology that (by design) involves highly autonomous software
- how to pool capital and manage it via a swarm, without a leader or board.
2022 is when we'll start to see crypto get weird and promiscuous.
In 2021, we saw the emergence of Web 3 due to three core overlapping trends: DeFi, NFT, and the glimmers of social tokens--all stitched together using the cartilage of DAOs.
Times are a changing.
As blockchain tech matures, we likely will discover new forms of economic organization (not capitalism and not socialism) and possibly new modes of governance (not only representative but also more algorithmic).
This picture is going to age well.
Over the next tens years, we’re going to see more and more contracts go fully digital.
#Chainlink
’s smart contract summit had thousands of people excited about modernizing contracts.
Quite a feat.
ht
@chainlinkwizard
We need productive ways to channel the Internet’s collective intellegence.
DAOs are part of the solution.
Adding financial incentives to online groups unlocks better decisionmaking.
Multi-token models are the next frontier for DAOs.
They will help segregate rights (i.e., governance and economic rights) and enable a broader range of collective activity.
From 2014-2016, financial folks talked about Bitcoin as if it was an oddity. Now, it's mainstream.
The same thing is happening to smart contracts and oracles. Today many folks look at them with crooked looks. Over the next decade, they will increasingly become the norm. Why?