There’s a fascinating trend I’ve been seeing around for a bit now. People are tokenizing their time, aka initial time offering.
How it works:
You create an ERC-20 token on Ethereum
Set the terms. For example, 1 token equals 1 hour of my time.
Launch your token on a decentralized exchange like Uniswap.
Let the market economy do its magic.
Here are a few examples of skilled people launching their personal tokens:
Additionally, let’s go crazy for a minute - if this trend should take off, it could even be seen as a real asset class and why not also used as collateral.
As a matter of fact, it would be a fantastic asset. Imagine holding personal time-tokens of 10 different people, who all are developers and designers in high demand.
If they score with their career, you score since the value of their time goes up.
These tokens have substantial fundamental value - there’s always a demand for a highly-skilled developer, for example.
I’ve seen people talk about this for the past two years. It’s a fascinating experiment, and I’ll definitely be playing with it.