Learning Web3 Skills and Knowledge: The YGG Way
The internet we know has revolutionized the world by penetrating everywhere. We have changed the way we conduct our day-to-day business. Moreover, the way we collaborate, communicate, and connect with people and businesses around the world is a big example of the impact Web2 has on us. However, we live in Web2 surrounded by the internet that is in the hands of only a handful of corporations. So, the centralization of the internet makes us dependent on a few powerful and influential people in the world. On the contrary, its successor Web3 is more immersive, decentralized, and inclusive. It offers decentralization in a way where an average citizen will have ownership and participation rights in the ecosystem.
Although blockchain technology has been in existence for more than ten years, the Web3 movement is still in its nascent phase. The movement saw more followers when Decentralized Finance, also known as DeFi, gained momentum. People from different parts of the world began experimenting with newly launched platforms. The idea was to reinvent some of the financial primitives of the traditional financial system using this innovative technology.
Despite its challenging user experience, the DeFi ecosystem was open to all individuals regardless of their gender, geographic location, or socioeconomic status. But how come people acquired and learned about Web3 skills despite its complexities? Especially, when there is no formal education about Web3 in schools, colleges, and universities, how did people learn about it?
How did the Phillippines acquire Web3 Skills?
The Phillippines is a prime example in this case.
Blockchain games were among the applications that provided a fun way to learn about the system without requiring any prior knowledge of financial primitives.
This led to an unexpected adoption phenomenon in the Phillippines. Individuals in rural areas of the Philippines, who were under lockdown and out of work during the COVID-19 pandemic, turned to blockchain games. They adopted it as a means to generate income and become owners of digital assets.
As a result, these individuals acquired various essential Web3 skills and transformed into proficient users of the technology. As of now, the Philippines holds the second rank on the Chainalysis 2022 Global Crypto Adoption Index. It is among the top three countries worldwide with the most number of users of the MetaMask Ethereum wallet.
This information indicates that blockchain games have served as effective entry points to Web3, enhancing accessibility for those who can reap the most benefits.
The amalgamation of video games and cryptocurrencies has propelled us towards remarkable progress in the finance industry's future. It will lead to the emergence of completely new virtual economies in the open metaverse and create new employment opportunities.
Learning Web3 Skills The YGG Way
Yield Guild Games (YGG) is one of the most extensive Web3 gaming guilds. It allows its members to assume roles within the organization without seeking permission. All they need to do is create their YGG Guild Badge, which is a non-fungible token (NFT) representing their membership in the guild. With this badge, they can take part in a number of community-led projects and programs that support YGG's mission as a whole.
As guild members make individual advancements, they receive extra NFT badges that acknowledge their accomplishments and reward their hard work. For instance, a guild member may earn an NFT badge for creating informative content, representing the guild in a Web3 e-sports event, or completing a course offered by Web3 Metaversity, a YGG and Nas Academy initiative.
YGG Metaverse Resume
YGG refers to this as the 'metaverse resume.' Unlike conventional resumes on platforms such as LinkedIn, where individuals can choose what to include about their experiences and accomplishments. These NFT badges are issued by a credible organization and recorded on the blockchain for transparency and provenance.
As a result, they serve as a permanent, verifiable, and entirely decentralized representation of an individual's digital identity and reputation. Additionally, the recipient retains control of these NFT badges in their personal wallet, and they are not held by YGG or any platform we own. Therefore, guild members have full ownership of these digital assets and can even become part-owners in our organization.
When combined with other digital assets that individuals hold, these markers of reputation produce an impartial portrayal of an individual's background, accomplishments, and associations.
In the future, the metaverse resume may have the potential to replace existing identification systems. Moreover, it will integrate with other applications to access a variety of on-chain services connected to creating, trading, and communicating.
This is significant because verifying identity and demonstrating a positive reputation has been a challenge in certain areas. Such as in the Philippines, where there is a humorous saying that you require a legitimate ID to obtain another legitimate ID.
Filipinos encounter difficulties regarding the issuance, presentation, sharing, protection, and validation of a variety of credentials and qualifications for different uses. Consequently, the system is full of administrative inefficiencies and bureaucratic obstacles that have led to the emergence of intermediaries and counterfeiters who function as gatekeepers, imposing privilege, exploiting weaknesses, and determining the right to engage in society.
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