👨🏫Market Problem
In the world of freelancing, web2 marketplaces such as LinkedIn, Upwork, and Toptal dominate the market. These platforms offer clients a range of pre-screened gigs, 24/7 customer support, and payment protection systems. However, despite these advantages, Web2-based freelancing platforms still face a number of issues.
One major problem with Web2 platforms is that they offer little to no control over data ownership and use. Often, buyers' data is used by targeted advertising companies, turning it into a commodity for centralized Web2 freelancing platforms. These platforms also generate revenue through high commission fees on escrow, advertising low-ranked services, and using personalized data of users. Additionally, web2 freelancing platforms have
Long payment cycles
Charge high commissions
Operate within a centralized system
Require additional documents and skill tests before making gig
Bad actors
Pricing and seller issues are also prevalent on Web2 freelancing platforms. Several time, they have been criticized for advertising cheap services, attracting low-paying clients, banning sellers from specific regions, and encouraging freelancers to outbid each other by offering high discounts on their services.
In 2020, UpWork purged approximately 2 million freelancers they deemed "less skilled." Moreover, UpWork recently banned buyers and freelancers from Russia and Belarus.
To address these issues, DeeLance is focusing on decentralized web3 technology. We aim to provide transparent and secure tools, return ownership rights to users, and build a decentralized digital economy. With DeeLance, freelancers and buyers can work together without intermediaries, ensuring a fair and efficient system for all
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