<h2>Gender inequality in blockchain</h2><img src="https://lh4.googleusercontent.com/b6qgGY2AQZ8HjarXpTOc7bZMwumbtzUZOwEcFlVSMoHVX70vacTrf84LmnqvaQo57yPO2mpeaPTbDJbLhmGpBtyiVmbtyVCr_s5qr3rC4Wre6Hvd0k2FMlY-3JBwk1SfvXAbyqApa3tLoNJMlSFeojs" alt="Women are carving out a place in the blockchain world" title="Women are carving out a place in the blockchain world" width="624" height="329">In 2019, the number of women involved in Bitcoin was only 5% to 7%. In the context of increasing blockchain development, more achievements have been marked, which means that more related job needs are offered. However, the number of women participating in the market is still negligible and inversely proportional compared to the market (1.76%).While it is generally known that the tech industry has always been male-dominated, cryptocurrency appears to be male-dominated from the start. Its early adopters were mostly male PC gamers and members of the cyberpunk scene. Indeed, cryptocurrencies acquired popularity through websites, forums, and apps such as Reddit and 4chan, which are largely populated by male users.Even over time, there has been little meaningful improvement in the gender prejudice problem. Because of its male-dominated origins, the public view of crypto-assets and Blockchain software remains one of an undesirable, if not unviable, sector for women. At the same time, cryptocurrencies and blockchain are heavily influenced by developers, a traditionally male-dominated profession. This exacerbates the existing gender inequality in the blockchain network.<blockquote class="">“I've been to the Middle East and feel like there is much suppression of women. They don't feel as far as being able to be in leadership and contributing beyond being the role of wife.”Jay MooreCMO of PraSaga</blockquote>Although a lack of gender diversity is not a new issue in the technology and finance sectors, innovations in cryptocurrencies are shifting this imbalance. The popularized ICO, or Initial Coin Offering, is one such innovation in the world of blockchain fundraising.<h2>Women are becoming more involved in the cryptosphere</h2><h3>Women are in the spotlight</h3><img src="https://lh6.googleusercontent.com/jgwA2xFbM8nwOpvdgmB_t6CbGwx_XXnxKHn5FDxxsFUIFuhBZt4E8IqaPbNjfL9KzOhUW9hNTdcZe_u38iZku3ublqClnqcKY312mHPSuEEgSBRYVeVQabz5m_Flk6nq7JfEf7YYzdhm4QDa5F7RU08" alt="Women are becoming more involved in the cryptosphere" title="Women are becoming more involved in the cryptosphere" width="620" height="300">BlockFi has conducted a survey to examine female Americans about their existing motives, practices, and inclinations toward crypto investing and financial wellbeing in early 2022. And 45% of the women claimed they knew how to acquire cryptocurrency, but 80% still considered it incomprehensible, and 72%believed it's too hazardous to invest.According to a more recent global survey conducted by BlockFi, while 33% of the women polled were interested in purchasing crypto assets in 2022, about 60% of them intend to do so within the next few months. In a comparable global study conducted in September 2021, BlockFi stated that just about 29% of women expressed interest in purchasing cryptocurrency in 2022.BuyUcoin, an India-based cryptocurrency exchange, has reported a nearly 130% increase in female investors year on year. According to BuyUcoin, which has over 400,000 customers in India, women have invested 1,040% more after the restriction was lifted. At the same period, the number of male investors climbed by 1,064.5%.Aside from Bitcoin, statistics from Indian cryptocurrency exchanges revealed that Ethereum, Ripple, Tether, and Cardano were the top choices among female investors. India is expected to be the second-biggest market for cryptocurrency adoption, with young investors being the largest section, while women constitute a tiny but substantial portion of this developing market.Though men are more likely to invest in cryptocurrency, women are just as interested. Some 53% of women and 47% of men are 'crypto-curious,' which means they want to learn more about the market. In other words, there is a growing interest and desire for cryptocurrencies among women.<h3>The role of women in the blockchain industry</h3><img src="https://lh4.googleusercontent.com/jI3ysceak_1kY9qOporTWPG488HgtBwT5ro2Rr_TExtO-diCPJ6A1I8fI2T7OILSJkCmaPn1tcCiZlM0sRA025ANGDjMrJ6JOeWKyH3axY0B69AIGLsLaQugaily82kVh777h9ybLNLl2iepXab_AXw" alt="Women are carving out a place in the blockchain world" title="Women are carving out a place in the blockchain world" width="624" height="416">Women have played an important part in the development of blockchain technology from its inception. They have also contributed to the growth of the blockchain business while sustaining continual development and achieving outstanding degrees of accomplishment. Women are making inroads into the crypto realm. The blockchain and crypto sector is evolving for the better as more women succeed in new professions such as investors, traders, analysts, developers, journalists, and even CEOs. Women currently hold more senior roles in the blockchain and crypto industries than in Silicon Valley.&nbsp;Women's projects can not only compete with male projects, but also outperform them. The number of women working in blockchain technology has grown in the last two years. Women's projects can not only compete with male projects, but also outperform them. In the last two years, the proportion of women working in blockchain technology has climbed from 8% to 12%. Moreover, blockchain and cryptocurrencies are also drawing a large number of female writers, which is significant given that technology is no longer a man's domain.The concept of community is critical in the cryptocurrency industry, especially when firms are just getting started or when an ICO is in its early stages (initial coin offering). A group of people who have decided to launch a cryptocurrency business and develop a product or service in the area sell coins or tokens for a specific project. These currencies or tokens will be used to execute some functions in the proposed project. What's a better person than a woman to oversee this project? Women have been steadily increasing their presence in the tech sector, with women now accounting for roughly 20% of all job openings. Female entrepreneurs make up 17.7% of tech startup founders.&nbsp;Women, on the other hand, have been underrepresented in blockchain technology. Less than 5% of women work in the crypto sector as investors, developers, or founders. Males, on the other hand, are more involved in the blockchain sector. For the time being, these numbers must be used to modify the current societal position of the blockchain industry.<h3>How Initial Coin Offerings (ICOs) aided women in joining the blockchain network</h3>ICOs show how women may successfully overcome gender bias in the crypto business. The fundamental cause for the emergence of ICOs was the scarcity of VC investment. Although it is rarely stated clearly, the truth is that funding can be very prejudiced. The mettle of an execution team is less important than their credentials. This isn't anything venture capitalists do on purpose; it merely happens as a result of a subconscious predisposition. A potential investor's key concern will be the company's resume.ICOs, on the other hand, enable women to overcome any bias that may arise. The whitepaper provided by an ICO is more important than the people behind the project. This gives women the freedom to devote themselves to building the next big company idea without fears of VC funding bias. ICOs may assist women in raising funds that would otherwise be out of their reach, making their entry into bitcoin and blockchain simpler.<h3>Initiatives to promote women in blockchain</h3><img src="https://lh4.googleusercontent.com/Kppu2puuPDUJyrO2ziYjxhRPIpDyvJCM5DHUz-4UiwFwcE1_Bpu6cF0HpIAT0ybc5zvQq6ZDlMT69eTGZkONk58OOE-pqP-9KAAVlN1K2jp3fjEnxZMqjvz7beTTJTX0BUMtae6snlMVonlvBGFL0p4" alt="Initiatives to promote women in blockchain" title="Initiatives to promote women in blockchain" width="624" height="435">Global Women in Blockchain (GWB) Team<a href="https://www.builder.news/" alt="Builder news website" title="Builder news website" target="_blank" rel="" class="">Builder.news</a> has conducted some interviews with male experts and veterans in the industry about women in blockchain. Not surprisingly, nearly all of them showed positive reactions to the appearance of women in the industry.<blockquote class="">“In my company, I'm trying to hire like 50/50 people, arriving at equality, although I know it is really hard. And I'm really confident that more and more women will come into this universe because it's very dynamic and open."Massimo MorettiFounder and CEO of SIGNVM Group</blockquote>More and more organizations or foundations are being established with the aim of supporting the trend of women in blockchain, as well as recognizing the role of women, eliminating gender discrimination. In particular, <a href="https://globalwomeninblockchain.org/" alt="Global Women in Blockchain website" title="Global Women in Blockchain website" target="_blank" rel="nofollow" class="">Global Women in Blockchain</a> (GWB) is the first international umbrella group dedicated to activating and accelerating powerful female partnerships to lead in the teaching, development, and marketing of blockchain technologies. The non-profit organization aspires to increase diversity in technology by empowering women through shared business relationships and exchanges, association, meet-ups, forums, learning events, and other activities. GWB strives to have at least one female delegate from each country to lead in the service of women by cultivating an ecosystem of trust, support, inclusion, conscious leadership, and socioeconomic growth.&nbsp;<img src="https://lh6.googleusercontent.com/jhbJN8XcpKGm8oUTZ17WC4ObRcw588kcwUqcLAZ5DzQo38epONDUis_-iRt0SpxPlKJDGUbH54VOaOLgDfwTOuvtyh2Qy6Mv_KOyYQpMdm4WpdK6XJwdr6zSU4JTrKjrcX4Z1EIdpca0Or1VwGMUiew" alt="Initiatives to promote women in blockchain" title="Initiatives to promote women in blockchain" width="624" height="312">PraSaga sponsors the Women in Web3 event at Consensus<blockquote class="">“One of the things people should do is empower women to be their best. I think we have to put extra effort, like in teaching girls to code, getting that to be the aspiration, that they would have to be a professional in this industry.”Jay Moore</blockquote><a href="https://www.builder.news/press-release/prasaga-remains-optimistic-in-the-midst-of-crypto-turmoil" alt="PraSaga remains optimistic in the midst of crypto turmoil" title="PraSaga remains optimistic in the midst of crypto turmoil" target="_blank" rel="" class="">PraSaga</a>, a Swiss Foundation, is especially interested in supporting women in blockchain projects/events, has introduced WESaga (Women Empower Saga). WESaga is Prasaga’s initiative focused on empowering, supporting and partnering with women in Web3. Recently, Prasaga, together with their partners, held a panel on the gender gap in the blockchain industry at Consensus 2022. The panelists also shared the same opinion about the solutions for gender equality.<h2>Bottom lines</h2>Women are certainly playing an important role in the blockchain business. Blockchain is expected to have a wide-ranging impact in the future. As a result, women are likely to play a critical role in hastening the blockchain revolution. The paucity of women in tech-related sectors is unquestionably a negative for the blockchain business. In any case, this does not mean that gender imbalance in the blockchain business will persist.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

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