Toss in your job and make $300K working for a DAO? Here’s how – Cointelegraph Magazine

Increasing numbers of employees are quitting 9–5 corporate jobs to work for DAOs. While the money’s great, DAOs fall into a legal gray area, and it can be tricky to get your foot in the door.

Researchers Nataliya Ilyushina and Trent MacDonald from the Royal Melbourne Institute of Technology Blockchain Innovation Hub take you through how to get started.

This year could see two emerging workforce dynamics come to a head. Twenty-one million Americans quit their jobs in 2021 — heralding the “Great Resignation” era — after an extended experience working remotely during COVID-19 lockdowns and dissatisfaction with conditions upon reentering their workplaces.

One in 5 workers reported an intent to quit their jobs in 2022. At the same time, the peak number of members of decentralized autonomous organizations at the start of August 2022 was 3.4 million, with over 140,000 new members joining in July 2022 alone.

Although the “Little Migration” to DAOs pales in comparison to the Great Resignation, we might still wonder if these two trends are connected in some small way. 

For one, the demographics of both groups are strikingly similar: workers typically between 30 and 45 years old and with the tech industry most affected. Secondly, DAOs are digitally native organizations and a natural fit for many of the disaffected workers seeking new remote employment opportunities.

So, why are people migrating from working in traditional corporations to become digital nomads working in new settings such as DAOs? Could this be your next career move?

Decentralized alternative

DAOs are a new form of organizational structure offering an alternative to corporations. For workers, the critical difference is the horizontal structure, where there is little formal hierarchy and no bosses. 

DAOs offer a revolutionary new type of employment: a hybrid of ownership, traditional employment, freelancing and volunteering. Every member is a boss and a worker (both paid and unpaid) and is free to contribute when and where they see fit. Each member is free to choose how much time they want to spend working, voting and participating in discussions. Moreover, one can be a member of multiple DAOs and choose how much time and effort they devote to each. 

According to DeepDAO, numerous top DAO contributors are members of dozens of DAOs at once, with the most prolific contributor currently part of more than 80 DAOs. In other words, employment…