Los Angeles, USA — Despite the fact that the technology industry is advancing by leaps and bounds, the reality is that a large part of the Latino community is left out of the conversation about the emerging applications of Web3, that is, the “third generation ” of the Internet, and the opportunities in this sector. “We are at a point where we have never been. We have a very big opportunity to create generational fortune. We have more education than ever. We have more disposable income than ever. So we can allow ourselves to take risks, look at the panorama and say ‘ok where are the opportunities for me and my family’”, said the director of Legal Operations at Blockasset, Pablo Segarra. For this reason, a group of entrepreneurs in Los Angeles held ‘Hello Metaverse’ on April 30, the first bilingual event of its kind for the Hispanic community to be at the forefront of digital advances such as the metaverse, blockchain, NFTs, cryptocurrencies, decentralized finance (DeFi) and Decentralized Autonomous Organizations (DAO). “‘Hello Metaverse’ tries to ensure that new technology is distributed equitably in an effort to help our communities prosper. Those who had the opportunity to be part of the Internet boom are now dedicated to making sure that others have of the same tools,” said organizer Oszie Tarula. “As Latinos, sadly, there has been so much shortage in our community, in everything we do, that sometimes we feel like ‘you take off so I can put on.’ But that is a completely wrong mindset. There is room for all of us,” said Beatriz Acevedo, co-founder of Suma Wealth. Latinos in the field of technology According to figures from the Pew Research Center, Hispanic workers in the United States represent 17% of the general workforce, however, they constitute only 8% of workers in professions related to the fields of technology. science, technology and engineering (STEM). “Only 10% of lawyers in the US are people of color: African-Americans and Latinos. Only 5% are Latino and less than 1% are Latina women. I see the same on Web3. We have to do a very strong job so that we can enter this space and we can also lead it. Hola Metaverso is an example of that”, expressed Segarra. ‘Hello Metaverse’ in Los Angeles. “We return to socioeconomic or cultural issues that by themselves, women have very little access to education, to financial opportunities. We simply have to be worried every day that if we have a child, who is going to take care of it, etc. If by itself in Web2 or let’s say in this economic system where we know it up to now we women have many limitations, definitely in web3 you see triple”, said Fernanda Morales, entrepreneur and investor in Web3. Morales believes that beyond trying to involve women more in Web3 technology issues, it is to support them either financially or by creating a space that meets their needs, such as the lack of child care. Wage gap between workers in STEM by gender, race and ethnicity. Education and access Latinos in the face of the Web3 revolution say they feel a responsibility to educate their community, as well as help them find opportunities. “It is very important to understand that most of the technologies have been created from the Anglo communities or from other regions in which when they decide, we in Latin America agree to it. I think it is also important to emphasize on the subject of Latin America that there is a very important shortage of infrastructure in Latin America. If we manage to make it possible for more and more Latinos in more distant communities to have this access, we will be able to improve the way in which we approach Internet technology every time,” Morales said. “It is a time to learn about opportunities and understand when an opportunity presents itself. Because one of our problems is that sometimes we are afraid to enter a space because… we are simply afraid. We have an opportunity in front of us that I see as clear as day. I think fear is what we have to overcome,” Segarra said. Director of Legal Operations at Blockasset, Pablo Segarra, speaking at the “Hello Metaverse” event in Los Angeles. Key terms to understand the Web3 Metaverse It can be said that the metaverse is an immersive version of the Internet, a cyberspace where humans can interact socially and economically as avatars. It is not about a single product of a specific company, that is, the internet is not from a single company, but there are Google, Safari and Firefox to navigate it, for example. To make it more visual, imagine a collection of islands, each representing a virtual world. For example, one island might represent Facebook’s virtual world, another might represent Epic Games, and so on. All the islands are collectively called the metaverse, and the individual islands are called the “virtual world” or “virtual environment”. However, many use the word ‘metaverse’ in both cases. Blockchain or chains of blocks A blockchain is a technology based on a chain of blocks of decentralized and public operations. It’s basically a gigantic digital ledger. This technology generates a shared database where each transaction that has been made can be tracked. Of course, the blockchain has an important requirement: there must be several users who verify and validate the transactions simultaneously. NFT Non-Fungible Tokens, or NFTs, are “inimitable” assets in the digital world that can be bought and sold like any other type of property. NFTs represent real-world objects like art, music, game elements, and videos. These are bought and sold online and their transactions are verified and validated on a blockchain. Decentralized Autonomous Organizations (DAO) A Decentralized Autonomous Organization, or DAO, is just what its name says, an autonomous organization with a decentralized system of governance and budget. This makes virtually all decentralized cryptocurrency networks a DAO, such as Bitcoin. DeFi (decentralized finance) The term DeFi comes from the English abbreviation for “decentralized finance”. This refers to a financial system in the crypto universe that uses block chains or blockchain instead of traditional intermediaries and fiduciary mechanisms. Let’s start at the beginning. To send or receive money in the traditional financial system, you need intermediaries, like banks, that we trust to do the transaction fairly and honestly. In DeFi, a computer program replaces those intermediaries. Instead of carrying out operations through banks, people carry out the exchanges directly, through a blockchain that is in charge of verifying, validating and keeping a record of the process. POAP (Proof of Attendance Protocol) A digital certificate in NFT format used to prove attendance at an event in the metaverse or in the real world. Connect with the ! Subscribe to our channel Youtube and turn on notifications, or follow us on social media: Facebook, Twitter and Instagram.
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