Let’s Talk About the Lack of Diversity in Web3

by AryanArtnews
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That said, I’ve been monitoring the areas of Web3 that are closest to me and most important to me, such as the role AI plays and who appears to be sitting at the table. There are many expectations for AI and Web3 (especially Emotion AI), but it also requires a lot of work in terms of diversity and the Web3 experience.

So today I would like to delve into the diversity of Web3, or more precisely its lack.

It started with a podcast

In March of this year, my son and I launched a podcast covering a variety of emerging technologies. It is called Yalla NFT. Yalla means “let’s go” in Arabic, and NFT means, of course, a non-fungible token. The goals of YallaNFT are:

  1. Find out more about Web3 / NFT by getting involved and running

  2. Amplify diverse voices in NFT space to make the field more comprehensive and accessible

What stands out most to me these days is our second motive. When my son and I looked at an example of a podcast that was already working on Web3, it quickly became clear how certain types of audio dominate Web3 conversations.

That’s why we started podcasting. Intentionally discovering, interviewing, and celebrating a variety of new voices in technology. It feels like a good first step to throw our own voice into the mix, as so many people are actively seeking a clearer understanding of Web3 and why it’s important. The NFT market grew to $ 40 billion last year, but not all facts are so positive. Women are half as likely to say they have invested, traded or used cryptocurrencies, and women make up only 16% of the NFT art market.

Troublesome stats continue. Among those in power across Web3, black women make up less than 5% of the world’s crypto investors. From top to bottom, Web3 has a diversity issue.

You can now bring more diversity to Web3

When we focus on amplifying different voices and making Web3 technology accessible to creators, we talk about diversity in terms of race, gender identity, socioeconomic status, and so on.

It’s a good idea to learn the basics of Web3 as a first step to start amplifying various sounds. Don’t feel rushed to become a Web3 expert overnight. However, it is important to understand the basic concepts, follow the headlines, and understand why the evolution of this technology is so exciting.

Start in a fun and relevant way. For example, I recently joined as a founding member of BFF-The “New Community for Cryptocurrency Curiosity” created by Brit Morin and Heimeschmidt. The founding group brings together more than 100 women and non-binary leaders across the industry to promote cyrpto’s inclusiveness and opportunities. I am proud to be part of this team. BFF has collected many useful resources for NFT beginners and events designed to immerse your toes in water. This month’s NFT coining project.. In addition, you can study with celebrities such as Mila Kunis, Gwyneth Paltrow and Tyra Banks.

You also need to focus on listening and sharing. If you’re in a position to do so, amplify the underrated voice in the Web3 space. Follow the people you admire on social media, share their stories with your network, and promote their achievements. If you have suggestions, or if you want to convey a voice that is underrated on Web3, use radar or have a recently-popular NFT. Please tweet (@kaliouby).

Finally, please participate actively. As mentioned earlier, there is a lot to be said about engaging by doing (that’s my favorite way to learn). Get a digital wallet. Invest in NFT projects that look promising or are of concern for support. You can also participate in or create your own NFT project. If you are interested, please jump in.

However, I would like to emphasize this, don’t invest money in Web3 that you can’t afford to lose.

As with any type of investment, the decisions you make about Web3 have real consequences and you should always assess the risks involved. As mentioned above, I love to hear from celebrities involved in Web3, like the recent collection of cryptocurrencies hosted by BFF. Overall, it was interesting that we all face challenges as women in the tech industry and need to delve into the Web3 outlook, create opportunities and keep our hearts open. I’m learning on the go like everyone else.

At the same time, celebrities do not share the same risks as many people trying to use Web3. You can step into Web3 with a celebrity, but you can’t get all the clues from a celebrity.

Celebrate Web3 Victory

Where does this leave us? I choose to end with a positive note.

Many steps have been taken to improve the diversity of Web3, and many are doing a great job of highlighting start-ups and major companies. Check out these lists of cryptocurrencies and NFT-leading women as a starting point.

My question now: How are you working on Web3, cryptocurrencies and NFTs? Each of us is playing a role in bringing more diversity to Web3-what are you?

The opinions expressed by Inc.com columnists here are their own, not Inc.com’s.

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