Web3 and the metaverse: what impact on education?

Online education3: According to Patrick Hagerty, there are new actors in on-chain education that can disrupt traditional systems.

With the arrival of web3 comes readily available educational opportunities. With this new ecosystem of ideas, traditional education could see an unprecedented change.

Online education3: the benefits

In the field of education, blockchain offers two major and undeniable advantages. First, it gives you access to informational and educational tools, services and products, no matter who you are, no matter where you are. This means that if you are in Europe and would like to attend a lecture by a world-renowned professor at a university in Asia, there is nothing stopping you.

As you know, underdeveloped countries are facing a major education problem. Citizens of these nations often struggle to physically access skills and knowledge development tools. In the rare cases where these tools are available, users have to break the bank and put aside amounts that they could have otherwise spent.

Most underdeveloped countries also do not have reputable certification programs. This is why major international universities tend to ignore the degrees and important academic certifications of applicants from these countries. The latter are therefore stranded in their countries without the possibility of crossing borders to work or continue their studies abroad.

Today, universities can use blockchain to manage their students’ degrees, which is another significant benefit.

Bridging educational gaps with web3

Cardano is a layer 1 blockchain that has focused on solving education problems in underdeveloped countries around the world. As part of a partnership with the Ethiopian government, Cardano will create globally recognized, blockchain-based degrees for 5 million Ethiopian students. In Tanzania, the company is also working on creating digital identities and improving financial inclusion.

Like other web3 and blockchain projects, Cardano aims to make education accessible where it is not. In most underdeveloped countries, financial inclusion and educational inclusion go hand in hand. In fact, a better educated society often has a more inclusive financial system and vice versa.

Today, 33% of African children are out of school by the age of 14, and 60% of them leave school before they turn 17. On the other hand, only 20% of the continent’s population has bank accounts.

Blockchain education

Blockchain education includes both the educational aspect itself and the integration of degrees and certifications. All in an authentic system that does not require trust and is available everywhere. But how does blockchain education actually take place?

Alter Ego Group is a very good example of a web3-based teaching project. The company is currently developing MMXXII, a metaverse dedicated to the protection of cultural heritage. According to its leaders, this project will provide affordable and accessible education in all corners of the world. Provided they have an Internet connection, users will be able to access a modern version of the Library of Alexandria. It will offer numerous educational materials and tools as well as information about the architectural wonders of the world.

The metaverse and library are primarily focused on on-chain education and history preservation. According to the company, this metaverse library will be “an attractive and dynamic version of a physical library”. People can come in to read books, listen to recorded lectures and discover valuable artifacts.

Thanks to web3, you can access any product or service wherever you are. In fact, the availability of this technology is its greatest advantage. Educational metaverses like MMXXII allow their users to increase their knowledge by accessing universities or libraries for free. Therefore, they break down the barriers of the traditional education system.

Other examples

The NFT Roo Troop project focuses on both education and employability. It trains its users and helps them find a job through its web3 platform. All with the goal of driving innovation, blockchain adoption and education.

Without further ado, Be[In]Crypto also offers many educational resources on its “Get Educated” page. Here you can learn more about cryptocurrencies and NFTs, as well as trading and investing. In addition, the site has a Telegram channel where users can exchange their crypto knowledge.

Projects like these are crucial for promoting online education3. If they don’t get the right training, people will struggle to integrate and participate in web3. Indeed, this new version of the Internet is meant to be inclusive, accessible, and independent of trust, and that starts with education.

Since there are so few people in the world who fully understand how blockchain technology and web3 work, there is an abundance of opportunities for those who do.

From fast food chains like Taco Bell to fashion companies like Tommy Hilfiger to financial institutions like Visa and Mastercard, almost every traditional industry is exploring blockchain.

This makes web3 a great way to enter almost any industry imaginable. In fact, profiles with advanced knowledge in this field are highly sought after and extremely difficult to find.

Education and sustainability-focused projects across the industry will pave the way for a brighter, simpler and barrier-free future.

About the author

Patrick Hagerty is an editor and copywriter with a passion for decentralized and blockchain-based technology.

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