Introduction

The FreelancoDAO does one thing: it replaces third-party trust with mathematical proof that something happened.

As the world moves towards a more decentralized and digital future, the value of trustless collaboration has never been more critical. The freelance market, expected to reach a staggering $2.8 trillion by 2028, is no exception. The FreelancoDAO project aims to solve one of the biggest problems clients and freelancers face - the need for a trusted third-party intermediary.

In the US, freelancer earnings total $1.3 trillion per year (Upwork)

While the traditional freelance market relies heavily on intermediaries, the emergence of blockchain technology and the web3 ecosystem has provided a new way to do business online. With the rise of decentralized marketplaces, it's clear that customers and clients want more control and transparency in their transactions.

FreelancoDAO's solution is to provide a non-custodial, decentralized platform where clients and freelancers can collaborate without intermediaries. Using distributed ledger technology, we offer a transparent, secure, and trustless environment where transactions can be made confidently.

Freelancing has become an essential part of the modern-day workforce, and the numbers prove it. In the United States alone, earnings from freelance work totaled $1.3 trillion in 2021, with over 4.2 million freelancers in the UK and an estimated contribution of £162 billion to the UK economy. There are over 3 million freelancers in Europe, with a 92% growth in France, a 7% decline in Germany, and a 40% growth in Spain. India is the second-fastest-growing country in terms of freelancers, with a 46% increase from Q1 to Q2 in 2020, totaling approximately 15 million freelancers.

Moreover, freelancing offers several benefits to companies, such as cost savings. For instance, hiring a freelance senior software engineer can save a company over $17,000 compared to hiring a full-time employee. IT managers and leaders also acknowledge the importance of freelancers, with 9 out of 10 IT managers stating that they would have to delay, cancel, or extend project workloads if they didn't have freelance help. Additionally, 7 out of 10 IT leaders hire freelancers to scale to meet project needs, while over half use them to find skills not currently available in-house.

There are nearly 4.2 million freelancers in the UK (Statista)

Finally, freelancers' job satisfaction is high, with full-time freelancers rating their job satisfaction an average of 4.1 out of 5. Over 80% of freelancers work from home, and nearly 80% of workers choose to freelance for more independence and be their boss. While over half of freelancers feel that project acquisition is their most significant challenge, nearly 90% believe that expertise and know-how are essential for success. Therefore, it's no surprise that freelancing has become vital to the global economy and workforce.

With the web3 market expected to grow to nearly $64 billion by 2029, the FreelancoDAO is poised to become a significant player in the freelance market.

By providing a decentralized and automated dispute resolution platform, we offer a unique value proposition that addresses a significant problem in the industry.