The WEF representatives spoke positively of immersive technologies such as cryptocurrency, non-fungible tokens (NFTs), the blockchain, and decentralized autonomous organizations (DAOs). The group also takes intrigue into the ways Web3 and DAO platforms can digitally reconnect businesses and communities. DAOs provide businesses with ‘flat’ workplace structures, as opposed to hierarchical ones, giving stakeholder communities more power over conventional executives. Firms can digitally reach out to gig economy-style workforces operating on Metaverse or DAO platforms to provide HR, finance, accounting, and customer experience services. The WEF also outlines how DAO platforms help to connect brands and businesses with audiences.

Source: Libya Today July 28, 2022 13:23 UTC