World of Women (WoW) and Tezos Collaborate to Promote Gender Parity in Web3

The World of Women (WoW) non-fungible tokens (NFTs) project has partnered with Tezos to enhance gender parity in the Web3 space, aiming to create more opportunities for women. This collaboration seeks to empower and support women, leveraging Tezos' advanced technology and industry expertise to bolster WoW’s impact.

Addressing Gender Underrepresentation in Web3

Women remain significantly underrepresented in the Web3 sector, facing challenges in securing funding, recognition, and support. Despite women making up 37% of cryptocurrency holders, they only constitute 27% of the Web3 workforce and 13% of startup founding teams, according to the Boston Consulting Group. WoW and Tezos aim to address these disparities by fostering a more inclusive environment.

WoW’s Influence and Goals

Shannon Snow, World of Women COO, emphasized the importance of uniting women across Web3 to harness their collective power and enhance their impact in art, tech, and culture. Kathleen Breitman, co-founder of Tezos, expressed confidence that Tezos’ support would amplify WoW's influence, ushering in a new era of growth for the initiative.

Initiatives Supporting Women in Web3

Several initiatives are emerging to support women in Web3:

1. Bitget’s “Blockchain4Her” Initiative: In January, crypto exchange Bitget launched "Blockchain4Her," aiming to support female-led businesses. The initiative includes a $10 million fund dedicated to supporting female-led startups in the blockchain industry, offering tailored incubation programs for female entrepreneurs.

2. Gender Disparities in VC Funding: Bitget released a report highlighting gender disparities in blockchain funding. Despite blockchain startups attracting $27.85 billion between January 2022 and Q3 2023, female-led Web3 firms secured only $1.77 billion due to prevailing biases. This disparity highlights the need for initiatives that promote gender diversity in funding and support.

Importance of Diversity in Crypto

Diversity in the crypto industry is crucial as it brings a range of perspectives, talents, and experiences, fostering innovation, resilience, and broader adoption. By addressing gender biases and supporting female-led ventures, the industry can create a more inclusive and dynamic ecosystem.

Conclusion

The partnership between WoW and Tezos, along with initiatives like Bitget’s "Blockchain4Her," represents significant steps towards achieving gender parity in the Web3 space. These efforts aim to create a more inclusive environment, enabling women to thrive and contribute to the growth and innovation of the blockchain industry.