What is a DAO and How Do They Work? | Bryan Peters @ Sobol

What is a DAO, how to make money from a DAO, which tools to use when running/participating in a DAO, and some advice to people looking to join a DAO or that have already joined one. Bryan Peters is the Co-founder of Sobol (simplifying DAO operations) Bryan joins the Web3 Academy podcast to break down the concept and potential of DAOs.

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Name: Bryan Peters (BPetes)

Twitter: @BryanPetes

Website: [Sobol.io](http://sobol.io/)

⏱ TIME POINTS ⏱

00:11 - Intro

02:11 - Bryan's Web3 rabbit hole story

10:02 - What Bryan saw in DAOs that hooked him into Web3

18:00 - How the DAO hack led into the fork between Ethereum and Ethereum classic

25:07 - Definition of Decentralized Autonomous Organization (DAO)

32:19 - Best way to structure or organize a DAO

39:10 - Estimated number of people involved in DAOs

40:39 - The future of DAOs

48:30 - What are the challenges of DAO in this phase?

57:46 - The role of Sobol.io for DAOs

1:00:28 - Bryan's advice to someone who wants to enter a DAO

1:03:31 - Must have tool to get organized inside of a DAO

1:08:43 - How do you get compensated in a DAO?

1:13:23 - Work-life balance when working in multiple DAOs

1:20:12 - What will the future look like for DAO workers?

1:22:29 - Speed round

1:26:03 - Sobol.io and Brayn Peters' social media accounts

1:26:52 - Outro