NFT culture: a diverse, equitable, and inclusive future

By LifeisNFTs 21 May 2022

As NFTs (Non-Fungible Tokens) gain popularity as a means of holding digital assets and joining tokenized communities, it's evident that this application of blockchain technology might drive more than simply technological and ownership structure innovation. There are indications that this new style of making and collecting art may help encourage advancements in diversity, equity, and inclusion in previously unequal areas.

Defining Diversity, Equity, and Inclusion

NonFungible has a diversified team. We bring together people from all cultures, languages, gender, and sexual identities, as well as other groups and statuses. We believe in equity, which implies accepting our personal and historical differences, including disadvantages. This piece was inspired by our team's composition and how we collaborate. Our aim to foster inclusiveness of the diverse individuals who have contributed to the astounding development of NFTs in such a short period of time did as well. Through NFTs, we all have a lot to offer, and NFTs can catalyze the creativity we bring. However, there is still a long way to go in the world of non-fungible tokens in terms of diversity, equity, and inclusion (DEI), particularly for disabled artists.

What does DEI mean in the world of non-fungible tokens?

2021 was a year of representation, as another of our authors noted in her paper on the history of NFTs on Ethereum. Women's NFT projects, LGBTQ+ creators, and other marginalized groups DEI in the context of NFTs is an ethical representation and a helpful platform for excluded communities. It's a framework for balancing white, cis-gendered, heterosexual, and white narratives and power systems. And the NFT world, like the world we eat and sleep in, requires balance if we are to avoid making the same mistakes that have prevented us from experiencing the entire breadth of human experience.

Who benefits from DEI in NFTs and why?

Everyone benefits. While younger generations, such as Generation Z, advocate increasing diversity, equity, and inclusion, this appears to be shifting upward as older generations recognize DEI also applies to age. At the same time, the youth-oriented NFT sector is gaining coverage and respectability in arenas like golf and fine wine, which have previously been associated with older, more affluent individuals. The culture of disabled artists could be the next field to be highlighted by non-fungible tokens.

DEI and the NFT Market

Can NFTs help DEI practitioners in the metaverse? We certainly hope so. Diversity, equity, and inclusion benefit the metaverse and marginalized groups such as autistic people. We encourage you to continue this discussion while the NFT market is still in its early stages and the ethics that govern it are in flux.

As part of Web3, NFTs can be a tool for pushing and innovating real-world debates. Because of their horizontal and transparent nature, NFTs can provide visibility to everyone who wishes to create the next web and a better society. So far, the new web appears to be more diverse and inclusive as a result of NFTs and their developers.