There’s something seriously wrong with DAO employment
DAOs have a ‘liability problem’. In fact, they have a number of liability problems. And these problems have serious repercussions on how a DAO can compliantly provide legal and fair employment and compensation. DAOs should be free to design any contributor compensation structure which fits the mission but shouldn’t need to solve the regulatory and legal hurdles associated with those choices. In this article, we look to identify the various liability problems of the two primary DAO models and ...
There’s something seriously wrong with DAO employment
DAOs have a ‘liability problem’. In fact, they have a number of liability problems. And these problems have serious repercussions on how a DAO can compliantly provide legal and fair employment and compensation. DAOs should be free to design any contributor compensation structure which fits the mission but shouldn’t need to solve the regulatory and legal hurdles associated with those choices. In this article, we look to identify the various liability problems of the two primary DAO models and ...
A Token Payroll & Tax Engine to Drive the Growth of DAOs
I believe two things to be fundamentally true in relation to DAOs and the wider Web3 ecosystem:DAOs are growing rapidly.DAO Treasuries surged 40X to a whopping $16B amidst the bull market of 2021. In today’s choppy market this figure still stands at an impressive $11B. 2. Regulatory scrutiny and pressures are increasing (and will continue to do so). This is clear with the circulation of Model Acts such as the DAO Model Law and with the recent announcement by the US government that in the 202...
A Token Payroll & Tax Engine to Drive the Growth of DAOs
I believe two things to be fundamentally true in relation to DAOs and the wider Web3 ecosystem:DAOs are growing rapidly.DAO Treasuries surged 40X to a whopping $16B amidst the bull market of 2021. In today’s choppy market this figure still stands at an impressive $11B. 2. Regulatory scrutiny and pressures are increasing (and will continue to do so). This is clear with the circulation of Model Acts such as the DAO Model Law and with the recent announcement by the US government that in the 202...
The Next (R)evolution in Employer of Record Services
Gm, I’m Rob Crabtree and I’m excited to be joining the team here at WorkDAO. In addition to other things, I have a deep background in Employer of Record (EOR) services; building, scaling & advising some of the largest global EOR platforms for almost a decade. Of particular note, I was the first employee hired at Velocity Global, a leading Web2 EOR provider, and as an executive, helped the company to become number three on the Inc. 5,000 list of fastest-growing private companies while scaling ...
The Next (R)evolution in Employer of Record Services
Gm, I’m Rob Crabtree and I’m excited to be joining the team here at WorkDAO. In addition to other things, I have a deep background in Employer of Record (EOR) services; building, scaling & advising some of the largest global EOR platforms for almost a decade. Of particular note, I was the first employee hired at Velocity Global, a leading Web2 EOR provider, and as an executive, helped the company to become number three on the Inc. 5,000 list of fastest-growing private companies while scaling ...
What is the Bank Secrecy Act and why are most of Web3 and DAOs probably in violation of it
The Bank Secrecy Act is US legislation that requires financial institutions to provide documentation to regulators whenever their clients deal with suspicious cash transactions involving sums over $10,000 in value.** **It’s part of the wider anti-money laundering (AML) and know-your-customer (KYC) programs that the US government instated to ensure there was transparency and accountability in financial transactions. And you’re probably in breach of it.I’m not in the US — how can this affect me...
What is the Bank Secrecy Act and why are most of Web3 and DAOs probably in violation of it
The Bank Secrecy Act is US legislation that requires financial institutions to provide documentation to regulators whenever their clients deal with suspicious cash transactions involving sums over $10,000 in value.** **It’s part of the wider anti-money laundering (AML) and know-your-customer (KYC) programs that the US government instated to ensure there was transparency and accountability in financial transactions. And you’re probably in breach of it.I’m not in the US — how can this affect me...
The Best Employee Benefits Stack for Web3 - WorkDAO - Medium
Web3 might be the new kid on the block but the leaps it has made in changing the way the world works are immense. And this transformation isn’t expected to slow any time soon with the Web3 ecosystem predicted to be valued at over $87B (USD) by 2030. But this growth comes with a responsibility on founders and leaders in this space to set a better standard for contributors and their employment experience. This is a real opportunity to redefine the way of work and built a reflective and equitab...
The Best Employee Benefits Stack for Web3 - WorkDAO - Medium
Web3 might be the new kid on the block but the leaps it has made in changing the way the world works are immense. And this transformation isn’t expected to slow any time soon with the Web3 ecosystem predicted to be valued at over $87B (USD) by 2030. But this growth comes with a responsibility on founders and leaders in this space to set a better standard for contributors and their employment experience. This is a real opportunity to redefine the way of work and built a reflective and equitab...
