Hold On: How Do Web 3.0 and Diversity Fit Together?

Wait. How, exactly, does Web 3.0 promote diversity? Well, Web 3.0 comes from cloud and blockchain-based technologies that have morphed into these funny-sounding concepts called “non-fungible tokens.” NFTs go beyond cryptocurrency, which one can fairly call a place of privilege; they have entered the art world. So, purchasing digital art from the women and people of color who are creating it represents a way to support and foster a more diverse world wide web.

“This is going to be a really powerful way to equalize the internet,” Carter said.

When you buy into a Lazy Lion, for instance, designed by a woman, “you’re actually buying into the community and the spirit around that,” Carter explained. “It’s like buying into a country club or joining a book club.”

Web 3.0, in other words, is all about diversifying ownership, “diversifying where the domination occurs,” Carter said. “In Web 3.0, the token economy, that’s really where the individual takes control back.”