If you’ve been using the internet for a while, chances are you’ve noticed that some of the most successful companies are “networks.” Social networks, chat, messaging, selling online, email, etc.
In fact, for investors, “network effect” is a huge indicator for whether or not a business will become successful.
Network effect is defined as, “a phenomenon whereby a product or service gains additional value as more people use it.”
Freelancer networks have tremendous capability to create value. But, we found that the existing freelancer networks have been operating with models that aren’t very good for the freelancer, the Job Poster, or both.
Here is a great article by Chris Dixon of A16Z Crypto about how this new way of organizing people through tokenized networks is a business model breakthrough.