The Case for Creating a DeSoc Lexicon - Evolving Earn to Secure

As the Academic Web3 Conference founder, I am often asked about this new industry, where it came from, and how to educate others about it. Basically, I am asked to provide a concise, relatable way of framing Web3 for curious minds. But how do you impart the massive amount of innovation and growth currently happening for humanity into one word? How do you frame the historical time that is happening within Web3?

This one acronym has created significant waves in our world lately; NFTs — or non-fungible tokens. There is a reason that “NFT” was named the “Word of the Year” by Collins Dictionary in 2021; this feature of Web3 is one of the fastest-growing market segments globally and could reach $80B by 2025.