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The state of Web3: The community discusses global opportunities

Web3 is giving “endless” opportunities to Indonesia, transforming lives in Nigeria, shattering qualification hurdles in India, transforming the minds of sceptics in the Philippines, and is now expanding to Uruguay.

At the Binance Blockchain Week, delegates discussed their own Web3 experiences and the growth of Web3 potential in their local communities.

The latest conference brought together members of the crypto community from around the world to share their passions, connect with like-minded individuals, learn from keynote talks delivered by community leaders, and give their thoughts on the state of Web3.

Among the topics of discussion was the increased demand for Web3 talent. As the internet transitions from Web2 to Web3, reports indicate that demand for expertise in the Web3 domain is expanding rapidly and that numerous opportunities are emerging within the industry.

While data are critical, insights directly from those who are observing the industry’s development are just as critical.


Providing Indonesia with “limitless” chances

Joko Crypto, a disguised Indonesian crypto warrior, expressed his perspectives on what Web3 is now doing to his country. According to Joko, people are ecstatic about Web3 and opportunities are “always lingering” in the space.

“In a country such as Indonesia, […], the buzz surrounding Web3 job chances is perpetual. The prospects are limitless, from working as a ‘freelancer’ to becoming a paid administrator for Telegram.”

Additionally, the unnamed cryptocurrency evangelist feels that the same thing is occurring globally. Meanwhile, Yoseph Soenggoro, an Indonesian Web3 developer, concurs with the masked crusader. “It is unquestionably a $1 trillion opportunity for our generation,” Soenggoro stated.

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According to the developer, the most established initiatives in their local Web3 environment are currently centralised exchanges. However, Soenggoro predicts that over time, additional decentralised finance protocols would be established in Indonesia, resulting in a plethora of “possible occupations for Web3 workers.”

Nigerians’ lifestyles are changing

“Crypto altered my life,” Chike Okonkwo explained, referring to his own personal experience in Nigeria. Okonkwo began his Web3 experience in 2016, and is now an executive at a blockchain gaming project.

According to Okonkwo, he attempted a few different things as a student in order to earn money. However, cryptocurrency has had the greatest influence and provided him with numerous chances. “I have not only profited from trading cryptocurrencies, but also from working with cryptocurrency startups,” he explained.


Okonkwo stated that the blockchain presents “many chances for us in Africa and the rest of the world.” He feels that it enables individuals to create solutions capable of having a major influence by assisting individuals in resolving problems.

“I am exposing an increasing number of individuals, particularly young people, to this sector because it has the potential to transform their lives economically.”

Apart from Okonkwo, another Nigerian, Ukeme Okuku, expressed his views on Web3 in his local community. While there are numerous active Africans in design and community management, Okuku says that the “most pressing issue” at the moment is awareness.

“Because of cryptocurrency and blockchain, space remains a niche market. There are only a few people who are aware of it.”

Dismantling India’s qualification restrictions

From an Indian perspective, a delegate who requested anonymity expressed his thoughts on Web3’s work in the country. According to him, people faced difficulties in India. He observed:

“They needed to attend a respectable school, then apply for jobs. Without these strong credentials, you will be unable to apply for any positions.”

However, the delegate remarked that it is extremely easy for someone without a sterling academic background to gain admission to Web3. He argues that on Web3, “all that is required is for a person to have abilities.”

The delegate noted that there are numerous locations inside his country where the populace does not receive adequate help. These limits, however, are relaxed when it comes to Web3, owing to the internet. “You have access to the internet; you have power,” he explained.


Changing the minds of sceptics in the Philippines

Jene Dizon, a Web3 developer from the Philippines, believes that there are now several chances for Filipinos in the Web3 business. As someone who has worked in crypto for more than five years, Dizon believes that the region is in desperate need of Web3 talent. He observed:

“There are numerous prospects for Filipinos in Web3. Web3 use is not limited to developed countries, but also to poor countries. Though I believe it will take approximately 2-3 years for it to become fully integrated into society.”

Apart from that, Dizon drew parallels between the dawn of the internet and the current launch of Web3 in the country. “When the internet was first introduced in our country, there were many naysayers. However, everything is now available online,” he explained.

“I expect the same thing will happen to Web3 when they return home,” Dizon stated. While there are still many sceptics, he said that they are gradually changing their thoughts and looking into the technology, which will eventually be used to all industries.


Uruguay is on its way

Alexis Martinovic, a Uruguayan technology content maker, attended the conference as well to learn more about Web3 and to build his network. Martinovic feels that Web3 adoption is only getting started in his country and that soon, he will witness Web3 projects.

“At the time, there are no local Web3 projects. […] However, I believe that we will soon begin to see them. Naturally, every country is moving in that direction.”

Martinovic also emphasised the minimal entry barriers to Web3. “To just jump to Web3, you don’t even need a bank account,” he explained. As a result, even underdeveloped regions have an opportunity to participate.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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