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Kathleen Martin

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As we face a layering of crises at the intersections of equity, climate and economy worldwide, organizations and individuals alike must accelerate and co-ordinate for the societal transition required to address these challenges and their complex impacts.
Popular and well-used methods like network building, public policy and advocacy, cross-sector collaboration and narrative shifting are important. But they are no longer enough to drive the scale and pace of change we need.
What if we were to look outside our go-to tools and innovations and beyond our own institutions and sectors to explore emerging systems and technologies that could help shape a better future for all?
The socio-technical shift known as Web3 shows some promise of building anew, rather than trying to retrofit existing capitalist institutions. In the midst of crises and collapse, the technologies that mediate our everyday lives are evolving at a rapid pace and Web3 offers the possibilities of a new societal infrastructure that can disrupt the community, business, government, media, culture and philanthropy sectors: a new “operating system” for society that enables individuals to freely organize at scale around issues that are important to us.
Web 3, web3 or Web 3.0, Web3 is a new iteration of the internet that is built on decentralized blockchains and prioritizes ownership, sovereignty and transparency. Web3 is also used as a catch-all term for associated phenomena, including cryptocurrencies, NFTs (non-fungible tokens), DeFi (decentralized finance), DAOs (decentralized autonomous organizations) and the metaverse.
Continue reading: https://www.nationalobserver.com/2022/04/25/opinion/how-web3-could-disrupt-existing-institutions-and-bring-about-societal
 

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