As co-founder of Metis and CryptoChicks, I’m thrilled to share my perspective on the significance of female leadership in Web3. It’s heartening to see that women are not only leading top crypto exchanges but also earning 15% more than men, according to Pantera Capital. However, despite this progress, we’re still far from realizing the full potential of feminine leadership in Web3.
The Underrepresentation of Women in Web3
A staggering 87% of Web3 projects have male founders, and they receive a whopping 94% of the industry’s total funding. Moreover, Web3 events, conferences, and afterparties are predominantly male-dominated, creating an environment where women feel marginalized and excluded.
The Importance of Inclusion in Web3
Web3 promises to be a platform for inclusion and fairness for all. However, dismissing or disempowering female leadership not only hampers the industry’s growth but also contradicts its core mission. Women comprise around 50% of the global population, have over $31 trillion in spending power, and control 85% of consumer spending in the United States.
Breaking the Monopoly of Hypermasculinity
The concept of a feminine frontier represents a cultural shift in Web3. It’s a call to build and nurture spaces where care, collaboration, empathy, and emotionality are celebrated and not looked down upon. By creating more women-centric corners in Web3, we can increase inclusivity and accessibility for everyone.
The Strength of Feminine Spaces
Feminine communities have the power to drive inclusivity and foster a sense of belonging among diverse voices. These spaces emerge from the experience of facing marginalization, which makes women more receptive, accepting, and giving. By celebrating these qualities, we can create an environment where everyone feels heard and valued.
Building the Feminine Frontier
Onboarding more women to Web3 and creating more women-centric spaces will make the industry more inclusive internally and complement its external mission of fostering inclusivity in finance. However, breaking generational stereotypes is a challenging task that requires education, mentorship, and holistic support.
The Power of Women-Centric Communities
Women-centric communities are doing an excellent job of providing young, aspiring women with the means to succeed in Web3. From cohorts to scholarships, these programs offer training, skills development, and vision – enabling women to empathize with users worldwide and create more inclusive products and services.
Empowering Women: A Movement for Inclusion
What we’re seeing now is a movement to break the status quo that hampers Web3’s potential as an inclusion-first industry. Helping more women participate in the narrative and creating spaces for them to contribute actively is mission-critical. The frontier is feminine, especially with women and their allies working together to build it.
Conclusion
The journey towards a more inclusive and equitable Web3 has undoubtedly begun. As we move forward, let’s prioritize education, mentorship, and holistic support to empower women in the industry. By harnessing the potential of feminine leadership, we can create a brighter future for everyone involved in Web3.
About the Author
Elena Sinelnikova is the co-founder of Metis and CryptoChicks. In 2021, Elena was named one of 12 shortlisted honorees of Canada’s Top Women in Fintech and Blockchain by IT World Canada. In 2022, Elena was announced as one of the Top 20 Most Influential Women in Blockchain by Hardbacon.
Disclaimer
This article is for general information purposes only and should not be taken as investment or legal advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect those of Cointelegraph.
