(Smart) Contracting: The Future of Work in a Web3 World
The Future of Work in a Web3 World
Web3 has opened the door to countless new community-centered business models, but the way we source talent is still stuck in Web2.
Landing a job in the Web2 paradigm feels a lot like entering a monogamous marriage: there is a 1:1 relationship between an employee and employer, it’s a full-time job, and you’re in it for the long haul.
If there’s anything we’ve learned from Web3, it’s the power of many:many connections and collective participation.?
Community is at the core of this new paradigm, so why isn’t this reflected in how we hire, and how we work?
Web3 opens the door to the next step of innovation in how we organize & allocate labor:
Knowledge work supplanted physical labor and manufacturing
A multi-career paradigm replaced the idea of working in one field forever
Remote work disrupted the idea of traditional offices & commutes, allowing for greater geographic freedom
And now, Web3 is powering the next wave of innovation in how we work. It reimagines how work gets done, how labor gets organized, and how we leverage the collective power of community to build a shared vision of the future.
In his blog on how crypto will shape our world in 2030, Greg Isenberg describes a decentralized talent pool logging online to complete tasks sponsored by DAO's, companies, and individuals around the world.
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This reimagines what jobs and employment look like in a Web3 paradigm:
We move from jobs → gigs, tasks, contracts, commits, contributions
From employment contracts → smart contracts
From paychecks → programmatic rewards, bounties, equity, royalties, payments
From job apps → on-chain credentials
From trusted references → trustless verification (proof of work)
From company culture → community culture
Does this mean that traditional, full-time roles become obsolete? Absolutely not. Web3 is an additive layer on top of the existing system, creating more opportunities to build, earn, and grow as a community.?
The promise of the internet was to bring people together, and Web3 is helping us deliver on that promise in new and innovative ways.?
The next step is to reimagine what it means to work within this ecosystem, and how this helps build a more connected future.