I’ve just started writing for Divine, a DAO for Loot Project, a couple of months ago, and I’m starting to see how these could be really cool for creators, though in a different way from what you mentioned.
We are still trying to organize how writers will be compensated for their writing, but some of the initial thoughts are that the creator gets a flat rate, and also a portion of the upside (which is way more exciting to me than just the flat rate, personally).
As we are writing a LitRPG, we are creating a fantasy world with each writer writing for one of the characters in that world. Readers will have the option to “tribute” their loot to help that character continue on their journey. Not to mention, every diary entry that character writes can be minted as an NFT with patrons wanting to purchase “my diary pages” as well as the discovered artifacts I find along the way.
In this case, readers will be following a particular character’s quest, tributing them items, and purchasing their NFTs. It makes sense that the creator be able to earn upside for this interaction because some characters will undoubtedly earn more than others depending on their story line. And some will be more highly followed. The author should get royalties based on the success of their work just as they would anywhere else!
As for onboarding and daily requirements: onboarding is based on which writers would best contribute to the ecosystem (they are already successful writers elsewhere) so there is no interview, just referral invites. And there certainly are no daily “write something good or you’re out” requirements. That sounds like the micromanaging of an office job to me!!! Instead, we will be paid per piece or per word, so we just need to meet our deadlines for those pieces and it doesn’t matter how we get there.
The other upsides: we work autonomously so it doesn’t matter that we all have other jobs. None of our meetings involve video so it’s relaxing. We don’t even know the identities of some of the people we are working with so there are no egos or power dynamics. We all have a say (which can be a challenge at times too).
I’ll be curious to see the other ways DAOs can be good for writers and I’ll write about it when I know more. But these are just some initial thoughts that could be pertinent to how DAOs could be more beneficial to creators!
I'm new on Substack. I read some of your work on Medium and followed the link.
I love the idea of DAO's. Before I knew what they are called, I imagined them replacing corporations. I love the idea, and your Creator DAO may have a cash flow problem during startup.
I have a similar idea for a DAO for home service providers.
I'm an idiot savant with an engineering mind, a grasp of marketing and a burning desire to leave the planet better than I found it. But I don't have the patience for programming, or a nuanced understanding of crypto, NFT's, DAO's, etc.
I’ve just started writing for Divine, a DAO for Loot Project, a couple of months ago, and I’m starting to see how these could be really cool for creators, though in a different way from what you mentioned.
We are still trying to organize how writers will be compensated for their writing, but some of the initial thoughts are that the creator gets a flat rate, and also a portion of the upside (which is way more exciting to me than just the flat rate, personally).
As we are writing a LitRPG, we are creating a fantasy world with each writer writing for one of the characters in that world. Readers will have the option to “tribute” their loot to help that character continue on their journey. Not to mention, every diary entry that character writes can be minted as an NFT with patrons wanting to purchase “my diary pages” as well as the discovered artifacts I find along the way.
In this case, readers will be following a particular character’s quest, tributing them items, and purchasing their NFTs. It makes sense that the creator be able to earn upside for this interaction because some characters will undoubtedly earn more than others depending on their story line. And some will be more highly followed. The author should get royalties based on the success of their work just as they would anywhere else!
As for onboarding and daily requirements: onboarding is based on which writers would best contribute to the ecosystem (they are already successful writers elsewhere) so there is no interview, just referral invites. And there certainly are no daily “write something good or you’re out” requirements. That sounds like the micromanaging of an office job to me!!! Instead, we will be paid per piece or per word, so we just need to meet our deadlines for those pieces and it doesn’t matter how we get there.
The other upsides: we work autonomously so it doesn’t matter that we all have other jobs. None of our meetings involve video so it’s relaxing. We don’t even know the identities of some of the people we are working with so there are no egos or power dynamics. We all have a say (which can be a challenge at times too).
I’ll be curious to see the other ways DAOs can be good for writers and I’ll write about it when I know more. But these are just some initial thoughts that could be pertinent to how DAOs could be more beneficial to creators!
Hi Michael,
I'm new on Substack. I read some of your work on Medium and followed the link.
I love the idea of DAO's. Before I knew what they are called, I imagined them replacing corporations. I love the idea, and your Creator DAO may have a cash flow problem during startup.
I have a similar idea for a DAO for home service providers.
I'm an idiot savant with an engineering mind, a grasp of marketing and a burning desire to leave the planet better than I found it. But I don't have the patience for programming, or a nuanced understanding of crypto, NFT's, DAO's, etc.
My idea was designed to fund ideas like yours.
Maybe there's a way we can help one another?
Got a minute for a Skype call?
Thanks,
HappyJoeDharma@gmail.com