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. This episode is part of our "Web3 Podcasts for Beginners" podcast playlist on Spotify. If you're new to web3, click HERE and make sure to hit the + button to add the playlist to your library. If you find the playlist helpful or think we need to add other episodes, please let us know on Twitter (link below). 🤝 HELP US GROW 🤝 Follow/Subscribe to the Web3 Academy Podcast 🔥SUBSCRIBE TO THE WEB3 ACADEMY NEWSLETTER & PRO REPORT  👥 JOIN OUR COMMUNITY ON DISCORD  🐇 Go down the Web3 Rabbit hole with our FREE Web3 Foundations Course ✊ FOLLOW US ON SOCIAL! ✊ 👉 Web3 Academy Twitter 👉 Kyle’s Twitter 👉 YouTube 🚀 SPONSORS 🚀 Lens Protocol: It's time to switch to web3 social with Lens 🎙 GUEST INFO 🎙 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