The pandemic has changed society forever \u2014 and in many cases, not for the better. But when historians look back in a few decades, will they see this period as a turning point in the transition from an economy dominated by corporations to a new crowdsourced model where participants are incentivized with tokens to grow a project and share in the profits?<\/b><\/p>\n
It may sound far-fetched given that mega-corporations dominate the present reality, but imagine a world in which Uber drivers and their passengers own and operate a decentralized rideshare network. Or one where Airbnb property owners, guests and even the cleaning staff share in the success of the cooperative business.<\/span><\/p>\n \u201cWhat has happened over the last 10 to 12 months would have probably taken 10 to 12 years had it not been for the pandemic,\u201d explains Michael Anderson, co-founder of Framework Ventures. A VC fund, Framework Ventures has raised $115 million for two investment funds and is a major DeFi player, getting in early on Chainlink, Synthetix and Yearn.finance.<\/span> \u201cThat kind of concept of working for a company where you show up every day, and there’s an office [\u2026] that’s kind of been broken down,\u201d he says. \u201cIt forces people to have questions as to do we need that going forward?\u201d<\/span><\/p>\n The \u201cUber as a Decentralized Autonomous Organizations (DAO)\u201d concept has been around since at least 2016 when blockchain project Arcade City started talking it up in the wake of a successful fundraise for the ill-fated The DAO. However, it’s now finally beginning to capture the zeitgeist. This month alone, Bankless co-founder David Hoffman <\/span>wrote<\/span><\/a> a long discussion on the topic called \u201cThe Future of Work,\u201d and Bloomberg\u2019s Joe Weisenthal <\/span>touched<\/span><\/a> on it in his \u201cThere\u2019s a New Vision for Crypto\u201d piece. Meanwhile, tech billionaire Mark Cuban tweeted at the end of May that DAOs taking on corporations was the \u201cultimate combination of capitalism and progressivism.\u201d<\/span><\/p>\n <\/p>\n The future of corporations could be very different as DAOs take on legacy businesses. It\u2019s the ultimate combination of capitalism and progressivism. Entrepreneurs that enable DAOs can make $. If the community excels at governance, everyone shares in the upside. Trustless can pay<\/p>\n — Mark Cuban (@mcuban) May 31, 2021<\/a><\/p><\/blockquote>\n
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\n<\/span>Anderson says the concept of a decentralized collective effort has become normalized by working from home.<\/span><\/p>\n\n