It was discovered in a survey last year that 98% of respondents could not pass a basic crypto literacy test. However, with increased crypto adoption in emerging and developed economies, the focus has started to shift to crypto literacy.
Recently, financial solutions company Step announced a $300 million debt funding, led by Triplepoint Capital and Evolve Bank & Trust, to expand into crypto investing while working on a national financial literacy curriculum.
Be[In]Crypto spoke to Unit Masters co-founder and former McKinsey consultant Thy-Diep Ta to understand more about crypto literacy and the transition to Web3.
Why is Web3 literacy in focus?
Thy-Diep Ta explained, “We think there are six different themes that are important for a holistic understanding of Web3. Each of these themes is a module in the Unit Masters six weeks program: The Internet of Value, The Web3 Ecosystem, Incentive Alignment (Consensus Mechanisms) & DAOs, Metaverse & NFTs, Stakeholder Capitalism & Sustainability, and Token Economy.”
After being a management consultant, Thy-Diep Ta launched Unit Masters as an online, flexible, and open to all free master’s program to impart education on modern economy and banking.
“What is important is to understand the right level of abstraction. Each of these themes in themselves could be full six-week programs. For a person new to the ecosystem, we find that the greatest challenge is to stay away from getting lost in the rabbit hole.”
Thy-Diep Ta added that Unit Masters focuses on providing the foundational understanding and key terminology, so students can drive more profoundly in their areas of interest after graduation.
“Our design principle is: Less is more!”
How gender plays a role in Web3
Several past surveys have found that women’s participation, both as investors and creators, is far less than their male counterparts.
Thy-Diep Ta emphasized, “We have about 5-25% of women participation in Web3, depending on which data and sub-sector we look
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