​'The Oscars of the crypto world' is about to be a thing.

In today's 'hey, this could be cool' news:

​Web3 is getting its own version of The Oscars, with an awards ceremony called The Crypties (ha!).

On the surface, it seems a little cute (and maybe even a little dumb?) - but it plays into a core human desire that could push innovation in the space.

Here's what we're on about:

Did you know the majority of people would prefer a title upgrade, over a pay rise?

E.g. Most folks would prefer to go from being known as, say, 'Head of I.T.' to 'Chief Technology Officer' (with no change in responsibility or pay) - than they would get a raise and stay as 'Head of I.T.'

Which tells us that status is very important to a lot of people.

This lends itself to the idea that rewarding bold and exciting developments in the Web3 space, with community status symbols (like a Cryptie Award), could actually do a lot to push the industry forward.

(Or maybe we just need to get more sleep?)

But hey - it's fun to ponder!