Imagine effective global coordination to address climate change. Web3, with its, decentralized structure, allows us to use local knowledge and actors to guide policies and allocate funds effectively.

To become sustainable, the premise of Web3 games for most players has to do a 180º flip: It has to go from “this is a game where you come to make money”, to “this is a game where you come to spend (lose) money, to have fun”.

That way, players won’t sell and abandon the game even if the asset value drops because they won’t care about the value.

In this blog post, we will try to find out how to lessen its effect on our environment by sublimating it in the Virtual World and digital realm of Web3.

What is a Virtual World?

For many serious people, the virtual world seems like a ridiculous distraction from our planetary problems.

Rather than a solution to them. Except, it is already driving sustainability.

And it has the potential to turn material consumption on its head.

Because all those pixels could drive out all the planet-damaging stuff from our economies.

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Today, there’s a burgeoning cohort of conscious consumers enjoying the immaterial joys of the virtual world.

According to a recent survey of nearly 5,700 consumers in the U.S. and Europe,

Those who are more likely to purchase sustainable products.

Are also more than twice as likely to shop in the virtual world.

Perhaps more of my environmentalist friends are already in there than they’d like to admit.

Virtual worlds, like the Metaverse, are computer-based simulated environments where users can interact with others using an avatar or playable character.

Some virtual world platforms are multiplayer video games with quests and battles, while others are more social or designed to emulate real life.

You’ll even find world-building platforms on which you can start virtual businesses, trade NFTs, and earn cryptocurrency.

• Many role-playing games, including World of Warcraft, Minecraft, and No Man’s Sky, allow you to build or modify virtual worlds within the game.
• There are many virtual world-building platforms for people of all ages, but kids should generally stay on kid-focused platforms like Habbo, Roblox, and Woozworld.
• Try a virtual world platform like Second Life, The Sandbox, Decentraland, Somnium Space, or Upland if you want to start a virtual business or manage virtual property.

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Virtual world – What is a Web3?

Although Web3 is often referred to as a group of technologies such as Blockchain, Decentralised Finance, Cryptocurrency, and NFTs.

Ultimately Web3 is about changing our financial, economic, governance, and innovation systems through “openness” and decentralization.

In simple words, Web3 is a decentralized web that puts users in control using peer-to-peer technology.

Instead of relying on central servers, Web3 allows users to interact directly with one another without a middleman.

The term Web3 was first coined in 2014 by Ethereum’s co-founder, Gavin Wood.

He described Web3 as an inclusive set of protocols to provide building blocks for application makers.

Chiefly, Web3 is the next immersive and decentralized iteration of the Internet. Web3 enables developers to build decentralized applications (dApps).

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Web3 meaning

Web3 is bringing about an era of the internet that will consist of a more decentralized infrastructure, as well as a metaverse where users want more control over their data and online privacy.

The companies that will succeed in the Web 3.0 era will be the ones that create brand-new models to solve or prevent some of our most entrenched problems.

Additionally, Web3 is a set of protocols and technologies that aim to create a peer-to-peer decentralized internet. But what is for an average person?

There is a marketplace that allows people to buy and sell digital goods. Like crypto collectibles and in-game items.

This technology can be used to create any sort of application that you may be familiar with in Web 2.

Applications that empower blockchain technology and transactions but are not fundamentally dApp, for example, Virtual world.

Moment of Sustainability- Just days before last week’s Climate Week extravaganza in New York, an industry worth $195 billion announced a 99.95% cut in its absolute energy use.

Yet, during the hundreds of events calling for exactly that kind of giant reduction. Very few leaders mentioned the achievement.

Why? If it had been Ikea or Unilever announcing such a carbon saving, we’d of screamed it from the rooftops.

But the sustainability movement doesn’t pay much attention to cryptocurrencies.

And then it was Ethereum (which trades more value than Visa) that changed its rule and slashed its footprint.

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Define Virtual World

For too long, the sustainability movement has either ignored or deplored, the virtual world. Sustainability seeks to save our physical lives on Earth.

From the food we eat to the clothes we wear. The air we breathe and the wobbly climate we now live within.

The virtual world, on the other hand, is a relatively new endeavor. That promises a pixelated escape from that fragile earthly reality.

This transfer from material consumption to online shopping is superbly more effective. Then exhortations not to shop at all.

Primarily because of status anxiety.

Real World – Sustainability

The fashion industry contributes to 10% of the world’s carbon emissions.

There is no question that sustainability efforts need to be driven within the industry.

Currently, people are purchasing 60% more garments than they were 20 years ago. 85% of textiles end up in landfills each year.

Although textiles account for a large percentage of environmentally harmful consequences caused by fashion.

Many underlying efforts are causing great damage to ecosystems worldwide as well.

Digital privacy, security, and the unlikely contender of excessive carbon emissions are three of today’s problems that can be addressed using Web3 tools.

Not only that but they can all be improved upon using the same platform. As we sit here today, very few people are worried about the carbon emissions created by the tens of billions of digital attachments sent around the world, 

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Research Report

For example, a 2020 research report on travel taken by designers and buyers.

When attending major fashion weeks, such as London, Milan, Paris, and New York generated 241,000 tonnes of carbon emissions.

This number is equivalent to the Eiffel Tower being lit for 30,60 years or 51,000 cars on the road.

With hundreds of other fashion weeks being held. The total carbon footprint from travel alone is significant.

With the empowerment and use of digital wear, now present in the virtual world, modern technological developments can create a new route of sustainability.

Of course, I can’t mention blockchain and the environment without touching on Bitcoin and the enormous energy usage it takes. While mining for Bitcoin is entirely different from the single-source-of-truth model that I predict will be our future.  

There are signs that people are moving to a greener crypto landscape. Even though right now we’re looking at an industry that consumes an estimated .55% of the world’s electricity, energy consumption isn’t something that will last.

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Virtual Fashion

When Helinski Fashion Week went purely digital this year, the carbon footprint per visitor dropped from 0.66kg. Digital wear reduces the overproduction of clothes.

Saves time, and consumes fewer materials. Saving 3,300 liters of water per garment and emitting 97% less carbon emission.

The future of virtual fashion is an opportunity to reroute the current carbon footprint of the industry. Lean forward towards eco-friendly practices, and make a long-lasting impact.

Sustainability-Virtual World

It has become catastrophic news for the environment. Wasteful excess of wealth as a status symbol is nothing new.

It’s as old as pineapples rotting on 17th-century dinner tables and gold jewelry being buried with Ancient Egyptian pharaohs.

But as our population booms, disposable income increases in rich countries. And the wealthy become wealthier.

Our signals of status have weighed heavier on the planet’s limited resources.

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Causes –

Indeed, scientists have shown that affluent lifestyles are accelerating the environmental crisis.

And the recent Intergovernmental Panel on Climate Change report doesn’t hold back in condemning those behaviors.

“Conspicuous consumption by the wealthy is the cause of a large proportion of emissions in all countries.

Related to expenditures on such things as air travel, tourism, large private vehicles, and large homes.”

Which presents a bit of a pickle. Humans’ drive for status is hardwired. Part of our biological and societal nature.

But, that natural drive is driving our natural life support systems to destruction.

Dangers of a Virtual World

While there are plenty of fun and useful ways to enjoy a virtual world, the space does not come without its risks.

Many warn of the complicated and slippery slope that virtual worlds can bring to users. From virtual reality health concerns, such as weakened vision, potential seizures, and disorientation, to the mental health concerns of such subversive landscapes, there are risks involved.

If you decide to enter a virtual world, whether it is for research or game purposes, it is wise to understand what you are jumping into so that you can make an informed decision, but also sidestep some of the pitfalls many encounter.

Can Virtual World & Web3 Become Sustainable

What if our status displays only existed online? What if likes and follows replaced limos and flashy watches?

This radically dematerialized future is within reach. More than 2% of the world’s population now uses the Internet.

A number that’s hard to keep track of when 27000 people going online every (yes, hour). Facebook alone includes 3% of us; if it were a country.

Its population would be bigger than China’s and India’s combined.

More people have cell phone subscriptions than have access to basic sanitation services.

Sustainability is not a word you often hear associated with Web3. But it can become a cornerstone of the digital universe with very little overhead cost and minimal effort.

While I do see some would initially be skeptical of me advocating for a decentralized model to solve a major digital sustainability issue, it turns out the solution is exactly what Web3 needs.

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Web3 –Virtual World

What was once resolutely physical is already becoming merely pixels or tokens. Three years ago, the world’s first digital dress sold via blockchain for $9,500.

Its forward-thinking owner describes a feeling that is, perhaps, reflective of this digital native culture.

“500 years ago we jumped on a ship to sail to the edge of the map, but all of the physical world has been discovered already.

It is really exciting to discover a space that hasn’t been explored yet”.

It is a space in which there’s no need for something to be ‘real’ to be relevant or commercialized – and Web3 will speed that transition.

Measures –

To protect the planet, it is imperative that these digital spaces cause less environmental harm than their predecessors.

The energy usage from mining associated with digital hardware is a major concern. But widespread attention on the issue is already driving a transition.

From the energy-heavy ‘proof of work’ principle towards less energy-intensive ‘proof of stake’ chains. The Ethereum announcement set a huge precedent.

Effects –

And while manufacturing devices and running data centers uses significant amounts of land and energy, it can’t compare to the global supply chain resources.

Manufacturing impacts, the use, and wasteful disposal of clothes, cars, and other physical status-bearing goods.

Web2′s payment infrastructure relies on banks and payment processors. excluding people without bank accounts or those who happen to live within the borders of the wrong country.

Web3 uses tokens like ETH to send money directly to the browser and requires no trusted third party.

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Social Media –

An environmental solution is also not without its psychological perils.

Last year, ex-Facebook employee Frances Haugen alerted the world to the harm caused by the platform.

And highlighted that huge control lies in the hands of a few. It is still in its first few blinking and yawning moments of existence.

These risks are real and need addressing as it finds its feet. As it does, its fullest and most beneficial potential could continue to reveal itself.

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How we can work towards Sustainability?

Climate change is a global coordination problem. The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.

To avoid greater loss of life, biodiversity, and infrastructure, accelerated action, and ambitious climate policies are required to adapt to climate change and rapidly reduce emissions.

So far, progress on adaptation is uneven and the chasm between action taken and what is needed to manage the risks is growing.

There are several reasons for this: concerns about the compatibility of decarbonization with economic development, the fairness of global burden sharing on climate mitigation, and the risks of competitive disadvantage in both domestic and international markets to name but a few.

Global coordination technologies that can transcend the mass bureaucratization of climate action are urgently needed. This is where Web3 innovation could help.

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Digital Space –

The virtual world doesn’t need a purpose beyond what it already has. By becoming superbly good.

At what it is already becoming: a more important status symbol than material consumption.

Young people’s upbringing in the digital space is already priming them to blur the lines between the digital and physical.

To create status virtually and send those signals using social media. Without needing to consume precious physical resources.

Which only leaves the question? will we all go virtual in time to save the planet?

Sustainability –

There are endless possibilities of what is to come.

Perhaps an integration into the virtual universe, bridging the gap of carbon emissions created by digital wear even further.

Or the adoption of augmented reality within the application.

Although there is an exciting unpredictability, one thing is certain, the opening of the metaverse will present sustainable options we have not dreamt of yet.

• The global fight against climate change is above all a coordination problem, with investment and policies not being allocated in the most efficient way possible.
• Decentralized Web3 technologies could improve coordination around tackling climate change because they use local knowledge and actors to guide policies and put funding where it’s needed.
• The World Economic Forum has launched the Crypto Sustainability Coalition, dedicated to spotlighting real-life use cases for Web3 technologies.

Climate change is a global coordination problem. The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.

To avoid greater loss of life, biodiversity, and infrastructure, accelerated action, and ambitious climate policies are required to adapt to climate change and rapidly reduce emissions.

So far, progress on adaptation is uneven and the chasm between action taken and what is needed to manage the risks is growing.

There are several reasons for this: concerns about the compatibility of decarbonization with economic development, the fairness of global burden sharing on climate mitigation, and the risks of competitive disadvantage in both domestic and international markets — to name but a few.

Global coordination technologies that can transcend the mass bureaucratization of climate action are urgently needed. This is where Web3 innovation could help.

Blockchain and other Web3 technologies can be used to complement or implement restorative and regenerative ecological initiatives.

Among the most pressing challenges that Web3 could address are deforestation, land degradation, and desertification — life-threatening issues causing food insecurity, biodiversity loss, forced displacement of local communities, and the acceleration of climate change.

The planet loses upwards of 80,000 acres of tropical rainforest every day — that is the equivalent of approximately 60,000 football fields a day. This impacts endangered species and climate-vulnerable geographies more severely than others.

Africa is particularly vulnerable to land degradation and desertification. Desertification affects around 45% of Africa’s land area, with 55% of this area at a high or very high risk of further degradation.

Similarly, indigenous people are also impacted by the degradation of our land, soil, and water.

And despite there being about 500 million pastoralists in the world, they are often excluded from the land restoration agenda pulled together by mainly those privileged with the resources to adapt to climate change.

Indigenous people have no alternative resources. Their resource is the land itself.

A community-driven approach to designing innovative climate solutions that wield local and indigenous knowledge, as well as iterate on alternative methods to driving impact, is urgently needed. Web3 has the power to achieve this.

There are several Web3 projects are already underway, redefining how humans interact with natural resources and the wider environment.

Conclusion

The carbon emissions of crypto transactions have been a significant drawback for many environmentalists and artists.

However, the past years have been a beacon of hope for those who envision blockchain becoming a sustainable method of digital transactions.

The most groundbreaking news for environmentally conscious people occurred in September.

When the Ethereum organization successfully deployed a new upgrade for its transactions technology making it less polluting.

How we can help -By transforming our consumption habits toward the digital world.

We can keep our economic growth while stopping excessive production and transport of goods.

In a most decentralized and democratized internet infrastructure that gives consumers full autonomy over their digital assets.

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