WhiteSight

Female-focused Crypto Initiatives: ‘DeFi’nitive Steps Forward

Table of Contents

Blockchain, DeFi, Crypto, web 3 are the novel terms ‘DeFi’ning how we view and own money today. As the financial industry witnesses a total transformation thanks to these new technologies, the question of how women fit in this expanding space looms in the air.Until 2018, the tech landscape was primarily dominated by men, with only ,8.5% of the 378 venture-backed cryptocurrency startups launched from 2012-2018 being founded or co-founded by women. However, with the hype surrounding digital assets encouraging widespread adoption in recent years, women also began taking a stake in the blockchain world. The need to control their financial future acted as a vehicle for women to explore the notion of decentralized currencies in elevating the game for financial inclusion. The results speak for themselves – 92% of American women surveyed by BlockFi revealed that they have heard of crypto. ,24% of those women report owning crypto, of which 70% are ‘HODLers’ and 75% have only traded. Moreover, ,93% of college-educated women surveyed across the US and the UK believe that technology will undoubtedly impact finance in the next 10 years.But this only marks the starting point for the path forward – as the economic participation and opportunity gap […]

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