The Metaverse Charity Foundation wants to empower future generations through technologically driven education.
If you are a frequent reader of our website, you must have seen us mention The Sandbox, Decentraland and Axie Infinity. These are some of the most popular metaverses out there, and the one thing they all have in common is that they all have their origins in Asia.
While Asia is home to all these metaverse projects, it suffers two main issues: the region has major rural-urban inequality as well as a significant wage difference between high-skilled and low-skilled occupations. The only way to solve these issues is to level the playing field through skill-building and education. This is where the Metaverse Charity Foundation comes in.
The Metaverse Charity Foundation is a non-profit organization that seeks to help young people in Hong Kong build the skills they need to get employment in metaverse projects. We spoke to the team behind the foundation to give our readers the opportunity to be early members of this up-and-coming project.
Introducing the Metaverse Charity Foundation
The Metaverse Charity Foundation comprises a group of skilled business professionals from various backgrounds, including metaverse building, law, artificial intelligence (AI), marketing and tourism. They have all come together with the common goal of dispensing their knowledge and expertise to the underprivileged youth of Hong Kong. Some experts the Metaverse Charity Foundation has on board are co-Founder of NFT Asia Elaine Shiu and Chief Executive Officer of Pantheon Labs Ivan Lau. Despite their diverse backgrounds, the one thing these experts have in common is that they all collectively believe in the potential of the metaverse.
Estimates project that the global metaverse market will reach US$426.9 billion by 2027. However, for the sector to reach its maximum potential, it needs skilled employees. Today, 67% of businesses cannot keep up with technological changes because of a lack of digital skills.
Even though the future will be more and more technologically driven, the foundation predicts that topics around the metaverse and cryptocurrencies will continue to be absent from typical educational curriculums. To fill this gap, the Metaverse Charity Foundation seeks to bring on experts to run courses and seminars on these tech trends and keep them up-to-date.
Goals of the foundation
The Metaverse Charity Foundation is directing efforts toward uplifting economically weaker sections of Hong Kong society. The foundation plans to run classes on creating, minting and selling NFTs as a means of self-employment as well as providing lessons on software, like Maya and Photoshop. It will also match students with relevant projects so that they can get employment opportunities in building metaverse components.
As per the foundation, the future of education lies inside the metaverse, and thus it is planning on creating a metaverse of its own. Taking classes within the metaverse will help students visualize the concepts they learn. This would be extremely useful to the education sector, given how visualization has been shown to improve student participation and help reach desired learning outcomes.
The foundation’s plans for the future: tourism
Having tourism experts on board, the foundation also intends to expand and provide government bodies and local businesses the opportunity to promote Hong Kong inside their metaverse. They believe this would help revive the region’s tourism industry, which has been reeling from the impact of the COVID-19 pandemic.
Launched in August this year, the foundation has since been working on scouting and recruiting members for its committees to bring the best possible team of educators on board. To achieve its goals of making metaverse-building skills accessible to all, it needs the support of like-minded companies and government agencies. If you are interested in supporting them or joining them in their efforts to make the metaverse an inclusive space, make sure to check out their website!
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Header image courtesy of Metaverse Charity Foundation’s Facebook page