philip lelyveld The world of entertainment technology

27Apr/22Off

Are DAOs About to Revolutionize the Film and TV Industries?

... “Will 2022 be Hollywood’s Year of the DAO?,” VentureBeat asks, noting that “the potential to democratize and decentralize decision-making and support, through the utilization of the DAO structure, will empower anyone, not just powerful producers and studios, to possibly tap the next Spielberg or Tarantino on the shoulder.” ...

... A DAO is “a group of people who agree to abide by certain rules for a common purpose,” and those rules “are written into the code of the organization via smart contracts — algorithms that run when certain criteria are met,” PC Magazine explains. ..

The Harvard Business Review says “instead of working from a central office all year long and having two to four weeks off, most DAO contributors will likely work remotely, bond in virtual social spaces such as Cryptovoxels or The Sandbox, and for several days or weeks a year, get together in real life for inspiring conferences and retreats.” ...

See the full story here: https://www.etcentric.org/are-daos-about-to-revolutionize-the-film-and-tv-industries/

Source article: https://venturebeat.com/2022/04/24/the-golden-age-of-indie-cinema-will-be-spelled-d-a-o/

Source article: https://hbr.org/2022/04/how-daos-could-change-the-way-we-work

... As DAOs proliferate, instead of having one employer and a 40-hour workweek, we might contribute several hours a week to several DAOs. This is already typical amongst early adopters to the space. Today’s creator economy, populated by vloggers, bloggers, and podcasters, can give us a glimpse into what the Web3 working world might look like, with the typical creator earning income from a variety of projects such as coaching, consulting, and content monetization on various platforms such as YouTube, SubStack, and Patreon. ...

Traditional organizations that demand that their employees go into the office for two to three days a week effectively anchor their employees to life in one place — usually close to a central business district. Firms with such archaic and mobility-limiting positions will likely find it increasingly difficult to win the battle for Millennials and, in particular, Gen-Z talent. ....

Some might argue that DAOs, like many gig economy companies, threaten labor rights, but DAOs themselves are looking to address this. For example Opolis, a digital employment cooperative, helps DAO contributors and contractors get their health insurance and 401K retirement plans in order. ...

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