5 Thoughts After 3 More Months Of Solid Progress At The CryptOracle Collective

It’s been seven months since we announced the launch of the CryptoOracle Collective on July 4th with the mission of building a world-class decentralized web3 advisory service. It’s been three month since our last update. Here’s a quick primer and update on the Collective and our considerable progress:

#1 — The Major Problems We Set Out To Solve

We recognize that there are lots great people wanting to work in web3, and there are lots of great projects that want to hire them. We also recognize the major disconnect between the desire of many projects to pay people in illiquid tokens or equity, and the desire of people to pay their rent and eat.

While Collective clients can pay the Collective in cash, most projects compensate us via tokens and/or equity that are generally illiquid. The Collective places those illiquid assets in our treasury, and mints (soon to be) liquid Collective tokens to compensate our community members. Our tokens confer governance rights over the Collective treasury.

It’s also interesting to note that our solution above has a major side benefit, as our community members will hold an interest in a diversified portfolio of web3 projects, instead of just one or two. For the vast majority of…