Bringing Family Into Web3

Web3 will reach new demographics, including youth, as it continues to make inroads into mainstream adoption.

Recently, the popular children's entertainment company Disney expanded its team to include crypto-savvy members and formed partnerships.

Such developments point to the imminent entry of large entertainment corporations into the world of Web3. However, if Web3 content is to be created for minors, major questions arise, such as how an NFT becomes kid-friendly. How does true ownership work when minors are involved?

Cointelegraph spoke with Jeremy Fisher, an artist and the founder of Lucky Ducky about creating digital content for children and bringing them into the next generation of digital interactions.

While there have been cases of children using and even creating NFTs, such as the 9-year-old girl who fell in love with cats and created a cat NFT collection, Fisher believes that parents should be considering which projects to support while their children are still young.

“It's just like continuing to support your favorite production studio back in the day," he says.

"We believe that adults should handle purchasing and trading. Once the collection is created and funded, there are numerous products can be created based on the concept."

However, as the Web3 space is still in its "Wild West" phase, Fisher said NFTs and many Web3 activities accommodated toward minors should still be strongly overseen by parents.

"Parents should be in control of anything their children interact with that involves Web3."

He expects tools and features to be running in the background of games and collectibles to facilitate trading, with built-in protections and parental controls, as the technology becomes more prevalent.

Nonetheless, because NFTs are excellent tools for general mainstream adoption and to teach newcomers about the space, younger generations will also benefit from them.

"NFTs are a fantastic tool for teaching about investing, much like a pretend stock trading game teaches about the stock market."

Fisher recalled receiving a savings bond from his parents or family members.

These digital assets would teach young users how to interact with digital reality, and the education provided by NFTs could be limitless. There are already Bitcoin-themed games and teaching materials, such as bedtime stories, geared toward children to notify them about the utilization of cryptocurrency.

Do you think it’s essential to introduce the next generation to Web3 and NFTs? Drop your comments by sharing this article on social media.