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Self-Sovereignty In the World of Web3

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Web3 is enabling the self-sovereign worker.  Over the past couple of decades, web technologies have made rapid advancements.  The first web technology consisted of read-only information, followed by Web2, a digital hierarchy regulated by big business. Web3 shifts the power from big corporations and places it on the individual.  In this world, online spaces are decentralized and accessible for everyone.  As these new technologies emerge, the demand for digital work roles has rapidly increased.  Recently, full-stack developers, technologists, and data scientists have seen large increases in demand following the emergence of new web technologies. 

More people than ever are engaging with these Web3 technologies, and it’s only continuing to grow.  Globally, more than 18,000 worldwide businesses will accept cryptocurrencies as a form of payment.  Additionally, 106 million people worldwide now use crypto exchanges. In the United States, 16% of people have invested in some form of crypto.  As the technological world advances, new job markets emerge.

Work needs and desires have shifted in the past few years due to the increased role technology plays in our lives.  Technology opens doors in the job market; more than 12 million jobs will be created in tech by 2030.  Additionally, workers are less reliant on the 9-5 and consistently choose job opportunities with adjustable schedules.  In 2019, almost 60% of workers had flexible schedules.  Similarly, due to economic uncertainty in recent years, many fear for their job security; only 20% of full-time workers feel their job is secure, compared to 68% of freelancers.  This sense of security is helping push workers to become their own employers. 

The deregulation of the internet spearheaded by Web3 alongside the benefits of workplace flexibility are empowering workers to step forward and forge their own career paths.  2 in 3 people considered quitting their jobs in 2021 because of greater opportunities elsewhere.  Independent work can be daunting, but it generates more revenue and affords more freedom; today, almost 71% of Americans across all generations say they want to be self-employed.  In 2021, the average independent worker made $83,792 compared to the $49,440 of the average salaried worker. 

Opolis enables independent workers to get the payroll and benefits of salaried workers.  Through Opolis.co, gig workers, freelancers, sole practitioners, and independent contractors can effortlessly source employment benefits and access shared business services.  This interface allows independent workers to seamlessly integrate into the world of work in Web3 without the added stress of decentralized work benefits.  You can manage cash flow to accommodate vacations and holidays and have access to health, dental, and vision insurance. They also offer group and solo 401(k) and various IRA options.  Opolis takes care of payroll compliance, integrated partners with discounts, automated payroll, and tax withholdings for you. 

Preparing yourself for the Web3 version of work looks different for everyone.  If you’re a freelancer, digging into a like-minded community and decentralizing your payments with crypto can help ensure a seamless transition.  Small business owners should leverage tax tools to remain in compliance, and those interested in cryptocurrency should diversify digital assets and track changing trends in the market.  In the world of Web3, now is the best time to transition to sovereign work.  Champion Web3 independence without compromise in the Opolis.co community. 

Jerry Cooper is a reporter who is based in New York. He has previously worked for several media organizations, including NY Wire.

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