Braintrust, backed by Pantera, launches token on the Ethereum mainnet

Decentralized Talent Network Braintrust has officially launched its BTRST token on the Ethereum mainnet, setting in motion a new governan...



Decentralized Talent Network Braintrust has officially launched its BTRST token on the Ethereum mainnet, setting in motion a new governance framework with the goal of driving mass adoption of its services by businesses.

The project was publicly launched in June 2020 and has now generated $ 31 million in gross service revenue, up from $ 3.5 million at the time of unveiling, Braintrust said on Wednesday. Since June of last year, the Braintrust community has tripled in size, numbering corporate clients such as Goldman Sachs, American Eagle Outfitters, Atlassian, Porsche, Under Armor and Wayfair. The average dollar value of projects listed on Braintrust has increased to $ 57,000, with some reaching $ 300,000. Project listings also tripled.

Newly distributed BTRST tokens give the more than 50,000 Braintrust members direct ownership of the platform, prompting community building and referrals. BTRST was hit at a fixed supply of 250 million tokens, the company said.

Braintrust seeks to take advantage of changing labor market trends in the wake of the Covid-19 pandemic. As countries began to lock down their economies to fight the spread of the disease, companies adopted remote work policies for their knowledge workers. According to many labor market analysts, remote work is likely to remain a semi-permanent element in the global economy in the future.

Knowledge workers, on the other hand, have been able to forge new paths as self-employed workers straddling traditions and traditions. gig economy jobs. By 2027, it is valued that half of the US workforce will be employed as freelancers in the odd-job economy.

Related: Blockchain technology can change the world, and not just through crypto

As the economy becomes more decentralized due to decentralized labor, Blockchain technology could take on new importance for businesses that are still going digital. Although many companies have been forced to adopt digital solutions, such as Zoom or Slack, the future of remote working could provide more use cases for authorized environments and other forms of decentralized technology.