![]() ![]() Web3 uses economic mechanisms and incentives instead of depending on trusted third-parties – It is trustless.Web3 does not rely on outdated bank infrastructure and payment processors for online spending or payment transfers – It uses cryptocurrency instead.Everyone’s access to participate in Web3 is equal. No one gets excluded from Web3 because it is permissionless.Centralized entities do not have a stronghold of control over large swathes of the internet. Decentralization means that Web3 distributes ownership among its developers and users.Such access is critical to realizing the core ideas of Web3. “Organizations like Crypto Kids Camp provide workshops for kids and their sponsors help provide laptops, hard wallets, and phones for the kids to help reduce the digital divide in underserved communities and to learn about the latest tech in this space.” They provide scholarships to local students/professionals for upcoming conferences, workshops and mentorship,” CyberCodeTwins said. “To discover the ways founders and developers can access this multi-trillion-dollar industry, there are great organizations like Crypto Kids Camp, Women Build Web3, Developer DAO, Women of Color in Blockchain, She256, and many more. The CyberCodeTwins say there is hope, especially from various organizations. Unfortunately, ownership of laptops, desktops and high-speed internet services still lag in American black and Hispanic communities. Inexpensive computers or mobile devices are not sufficient. Using the metaverse as an example, significant processing power is required to run new platforms. He said unfairness was built into the system from inception. Movement Strategy CEO Jason Mitchell noted that inequities in Web3 will only worsen if progress does not mean equal access and education for all. Without an intentional goal of inclusivity to represent all sectors, digital professions say Web3 will not fulfill its promise. Instead, Web3 crushes the barrier to entry, putting individuals at the helm and removing power from massive corporations.īut the reality: Men still dominate this generation of the internet. In fact, Web3 excites many communities with the promise of decentralization, meaning the technology is not monopolized by a dozen or so centralized entities that control the entire infrastructure of the internet. Web3 is where brands or anyone can go directly to customers through their wallets and provide a peer-to-peer experience.” Bettinna educates and mentors women and people of color, including various working class and poor, on how the existing financial system works and to understand why Bitcoin and various cryptocurrencies were developed.īettinna said: “I often challenge many in the space who are only interested in the "marketable" aspects of Web3, believing 3D, spatial, VR/AR/MR or metaverse experiences is what makes Web3. Bettinnaįor Bettinna, Creative Experience Officer for Bettymedia, a design studio specializing in user experience for brands, education is a major concern. “It’s important to acknowledge the work that is being done on the ground supporting local community leaders from around the world to help share the knowledge, advocate for the builders, and award grants to those that do the deep work,” they said.īettinna, founder-Creative Experience Officer, Bettymedia, a digital design studio. The Latinx CyberCodeTwins, America and Penelope Lopez, cite the importance of recruiting women and people of color to help build and lead the Web3 movement. It found that while some organizations succeeded in meaningfully diversifying their workforce, there was slow growth overall, masking “a growing polarization among these organizations.” McKinsey & Company’s report “Diversity Wins: How Inclusion Matters” followed hundreds of companies to chart change. They are more effective at attracting new talent and encouraging innovation. Moreover, organizations that promote such environments see job performance spike 56 percent, sick days reduced by 75 percent and turnover drop by half, according to Harvard Business Review.Ĭompanies that cultivate a sense of belonging can improve the bottom line. Diversity in team members brings a larger range of experiences, backgrounds and culture to the workplace. Inclusivity can empower individuals, but it also offers profitability to corporations.Ĭompanies with more inclusivity report higher levels of engagement and novel solutions to problems. Earlier this year, I supported the launch of Crypto Monday in Atlanta and facilitated a good friend, a black woman, as my co-organizer.” “I am a community leader, and I use my platforms to amplify black leaders in the space. “I use my platforms to amplify black leaders in the space," says Abby Harris, who runs events such as Crypto Mondays NYC. ![]()
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