We’re used to having a university confirm that person A has a diploma. But it’s worth focusing on the first oneįor example, let’s take a look at university diplomas. These characteristics are quite easy to understand. They have the ability to granualise achievements, connect with a variety of platforms, anyone with access to the internet can view them, and, above all, they are trustless. This is where NFTs can play an important role. The missing piece is for each student and contributor to be able to have their own proof-of-work credentials and leverage them for their own benefit.
Thirdly, there’s been a significant growth in Decentralised Autonomous Organisations (DAOs) and these grow with the help of their communities, in particular with their contributions to promote those DAOs and perform activities on their behalf, be it as a voluntary contributor or an employee. Which is an attempt to take money out of the equation and also slightly moves the needle when it comes to financial inclusion. We’ve also spoken briefly about how Learn-to-Earn can be a way to attract and bootstrap user growth and how it might help replace credentials while gamifying and inverting the education funding model. You can achieve more online than you could in a Web2 world and the likelihood of earning recognition with your own hard work and achievements is higher. One of the characteristics of the Web3 ecosystem, which was accelerated by the post-covid advent of remote working, is that you do not need to be born in the right place, earn admittance into a top 10 computer science program, or even be Steve Wozniak’s neighbour (even though that might help a bit). For that to happen, this space needs attention and genuine participation. This trend will continue as long as there are more users and builders joining the space. Regardless of being in a bear market or not, if we zoom out a bit, we can verify that the crypto economy is growing significantly.
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