• Blockchain and Web3 provide opportunities for communities to use novel technology to solve issues specific to them.
• Examples of this include universal basic income, undercollateralized loans, and micro-work.
• The most active hubs for this technology are in Nigeria, Kenya, Uganda, Brazil, and Colombia, among others.

Blockchain and Web3 are revolutionizing the way people interact with technology and the opportunities that come with it. With the introduction of these new technologies, communities have the ability to use them to solve issues specific to them. In particular, communities are utilizing these advancements to provide access to universal basic income, undercollateralized loans, and micro-work.

Celo, an open-source, mobile-first platform, has a global ecosystem comprised of builders from 150 countries, many of whom are in emerging markets. The most active hubs for this technology are located in Nigeria, Kenya, Uganda, Brazil and Colombia, among other countries. In Brazil, for instance, projects are being created to protect the Amazon, while in Kenya, projects are focused on enabling microwork due to the high unemployment rate and young population.

The value of Web3 is measured by metrics such as total value locked, but it can also be measured by the communities and basic needs that are being met. Web3 has enabled communities to gain access to resources that they would not have been able to access before. For instance, a homeless person in Nigeria was able to quadruple their monthly income through the use of Web3 technology.

Overall, blockchain and Web3 are providing communities with the tools and resources they need to solve their own unique issues. Not only are these technologies providing access to resources, but they are also connecting people in ways they never thought possible. As more and more communities adopt these technologies, the world is becoming increasingly interconnected.