Exploring the earning chances that come with becoming a DAO bounty hunter
At a DAO, you will have the power to unleash your inner entrepreneur and contribute as much or little as you’d like. You can work at one DAO or you can work at 10 DAOs. Maybe you choose to work 12-hour days for a month, save up some cash and then spend your summer kayaking the Sea of Cortez. You’re in full control. In an interview with Coindesk, T Wells, a 30-something former educator who, in 2021, began hunting for “bounties” in the DAO ecosystem, described elaborately the lifestyle of a DAO bounty hunter. Bounties are basically gig postings. If a DAO needs to create a logo, they might post a bounty and quickly find a talented designer.
T Wells became good at bounties. He enjoyed it. In his “real world” job in education tech and curriculum development, his skills ranged from writing to graphic design to producing videos. “To be an effective educator, you have to be a Swiss Army knife,” says T Wells. “It’s just the way it is. Educators are often underestimated.” So, he put those skills to work at the DAOs, first knocking out bounties for 1Hive, and later contributing to DAOs like ShapeShift and Gnosis. These bounties started to add up. He built relationships with the DAOs and they gave him more work. He pitched his own projects. The DAO work went so well that he quit his job in education. Even now, after crypto prices tumbled, T Wells is bullish on his DAO work. “There’s just a lot of opportunity,” says T Wells, “And a lot of really enthusiastic people that are sincere about building a better future.”
While describing the payment structure, T Wells mentioned, “when I first began, I was working full time elsewhere. So, it was less about, ‘Oh, it’s a competitive rate,’ and more about the interesting opportunity. And for most people I know who are working full time in the DAO space now, they had also had that phase where it was the first side hustle. But that means the rates are competitive, right? Or, ultimately, you wouldn’t be able to make that transition to full time if they weren’t.”
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