Women Empowering The Web3 World, Breaking the Gender Bias

Women are taking over the cryptocurrency world and asking for a gender-inclusive transformation in an industry dominated by men.

The company's purpose, like many in the IT and financial industries today, was to minimize prejudice and promote equity. However, its traditional command-and-control strategy reduces the likelihood of a successful grievance mechanism.

In reality, grievance processes are more likely to exacerbate than decrease prejudice. According to Harvard Business Review, people frequently rebel against regulations to demonstrate their autonomy. 

Most business diversity programs fail because most high-level male executives do not believe diversity and inclusion are even somewhat necessary. Or because "they're too busy" to participate.

Furthermore, even if the core of crypto and blockchain is decentralized, other businesses such as crypto and DeFi carry their equivalent culture.

As the psychologist pointed out, our workplaces and corporate cultures reflect our everyday lives outside of work.

However, the centralized financial system and business are structured with illogical laws related to internal policies that favour a few, which can lead to intolerance and leave little to no chance for reform.

On the other hand, the web3 sector promotes independence and decentralization, which is a potential road toward diversity and inclusion.

The opportunity exists, but there is still a long distance to go and an unknown sea to explore. Fortunately, many women are seizing this opportunity and contributing to the closing of the vast gender and diversity gap.

Today, it is evident that action must go beyond the streets, and genuine equality may be achieved via financial independence, education, and equal access to opportunities. The new generation of feminists is keen to build a financially balanced and inclusive ecology.

They understand that cryptocurrency is going to stay, and debating whether women should join this economic revolution when the culture and foundation are already in place isn't the greatest idea. Women are as much a part of the crypto community as everyone else.

Related: Web3 Gaming's Future in 2023

Women in the Cryptocurrency Revolution

Women are at the vanguard of initiatives throughout the world, including Crypto Female in Turkey, Women in Blockchain Talks in the United Kingdom, Crypto Mujeres in Argentina, and Shechain. co in Singapore.

Women in Blockchain Talks was started by Lavinia Osbourne. An award-winning education platform that focuses on women in the blockchain industry. She emphasized that having more women and embracing parity is not just "great to have," but also a "must-have" for the bigger space to succeed.

Hilal Baktas represents women in crypto in Turkey with her project Crypto Female. She feels that discrimination and prejudice are caused by a lack of technological literacy and that early education would help overcome the stereotype.

In South America, Crypto Mujeres assists women in obtaining the skills and resources required to enter Web3, therefore fostering fairness.

Women are also taking over the non-fungible token (NFT) sector and creating NFT projects. Women Rise, World of Women, and Rebel Society collections are introducing distinctive artwork and eye-catching bright items to the industry, infusing them with female vitality and innovation.

Cleve Mesidor, a former Washington insider and Obama Presidential appointee, is one of them. She founded the National Policy Network of Women of Color in Blockchain and wrote The Clevolution.

"Right now, crypto appears male dominant," Mesidor told Next Advisor, "but the future of crypto is gender and racially inclusive."

Also Read: Web3 and Gaming: A Position change

Women in NFT Space

While NFT opponents and Web3 natives sometimes criticize the space for its "crypto bro" reputation, the fact is that numerous women and non-binary individual-led NFT groups are actively attempting to change that image. These NFT initiatives and Web3 collectives educate women and members of underrepresented populations about the capabilities of Web3.

Boss Beauties

This year has been a hectic one for Boss Beauties. The women-led 10K PFP project, founded by CEO Lisa Mayer and set to be released in September 2021, has raised more than $350,000 for causes that directly benefit girls and women around the world, collaborating with brands and organizations such as Hugo Boss, the New York Stock Exchange, Barbie, and Rolling Stone in the process.

In March 2022, the initiative collaborated with Mattel Inc.'s Barbie to mark Women's History Month by auctioning off a one-of-a-kind Barbie NFT to benefit the Dream Gap Project, Mattel's annual charity fund that benefits organizations that assist girls' personal and professional growth.

Women Rise

Women Rise is a 10K PFP collection founded by artist and activist Maliha Abidi, whose November 2021 release coincided with the Center for Global Women's Leadership's 2021 international campaign 16 Days of Activism Against Gender-Based Violence. The qualities of the collection are inspired by women activists, artists, programmers, and scientists from throughout the world, whose backgrounds and personalities were used to create the collection's components.

The initiative started as an extension of Abidi's artistic practice, employing creative expression as a medium for narrative and social justice. After a poor start in selling the NFTs in the collection, Gary Vee purchased 10 Women Rise NFTs in December, which, along with other celebrity buy-ins, helped significantly enhance the project's exposure, and it sold out in January 2022. As a result, 7.5 per cent of primary sales were donated to charities such as the Malala Fund, SOL Afghanistan, and The Girl Effect. Women Rise, like other ventures, is currently working on expanding its brand beyond the NFT area.

Conclusion

There is a movement in the cryptocurrency business, and attempts are being made from all angles to make this market more inclusive. However, the crypto business is far from equal representation, and significant inclusive reform is required to close the gender gap.

Companies like BeInCrypto, as well as initiatives like the female movement in the NFT market and "Women in Crypto," provide promise for a more equal future in Web3.

Web3 FAQs

Why do we need more women in Web3?

Because existing Web3 firms are controlled by men, their goods are designed for a certain demographic. To be successful, Web3 platforms must guarantee that their product teams reflect the clients they want to serve. However, before they can create inclusive goods, they must first create inclusive teams.

Why are there so few female programmers?

The fact that males dominate roles in the sector is a key contributor to this underrepresentation. They are considerably more likely to pursue academic programs that will lead to professional positions in the technology industry.

What exactly is Web3 technology?

Polkadot CEO and Ethereum co-founder Gavin Wood popularised the phrase "Web3" in 2014 to refer to a "decentralized online ecosystem based on blockchain."

Who are the major Web3 players?

The world's most prominent companies in the Web 3.0 market.

• Coinbase Global Inc.

• Polygons technology.

• ConsenSys.

• Helium Systems, Inc.

What kind of coding is utilized for Web3?

C++, being a high-level programming language, also asserts itself as a dependable choice for web3 programming. Interestingly, C++ is not only one of the best blockchain programming languages, but it is also a favourite of programmers across the board.