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Women of Web 3.0: Meet the women who empower lives through blockchain
The male-dominated world of blockchain is slowly changing as women are now using technology as a means to empower lives through projects that alter how finance and the internet work for society today.
Blockchain is a technology that enables the creation of new digital structures based on the underlying idea of decentralization. Built as a ledger with a network of nodes, blockchain technology enabled developers from start-ups to esteemed technological companies to embrace the revolution.
The rise of Web 3.0 paved its adoption for several purposes such as cryptocurrencies and Non-Fungible Tokens (NFTs).
Thousands of cryptocurrency projects are existing in today's Web 3.0 that differ per function. Other than Bitcoin (BTC), the OG (original) cryptocurrency coin with the highest market capitalization, the Blockchain technology runs the protocol of ‘altcoins,’ a dub for cryptocurrency coins aside from BTC. These altcoins vary based on their purpose— distinctively, they can be a cryptocurrency or a token to which whatever applies to its use.
Think of cryptocurrencies as digital money where you can send and receive value in a network of users; an innovative way of transaction. The use of these generated virtual tokens is handy, ergonomic, and secure. Such transactions made via cryptocurrencies, through the blockchain are private, away from prying eyes. Tokens, on the other hand, are types of blockchain-based cryptocurrencies that serve another function besides transmitting value. It can be for utility or security, depending on how the developer intended so.
The distinctions of these virtual tokens paved the way for the creation of different blockchain protocols that offer lesser fees and other ergonomic functionalities. The growing demand for such uses yielded the development of decentralized applications (dApps). These are applications that can operate anonymously, often through smart contracts or programs stored in the blockchain.
Changing the values of art through NFTs is getting the interest of many. Non-Fungible Tokens (NFTs) are types of assets with cryptographic codes stored on a blockchain. Unlike cryptocurrencies and blockchain-based tokens, the particular thing about NFT is the fact that it is not divisible. Thus, it means that a certain NFT-backed asset comprises it as a whole and cannot be traded with another asset discerned of equivalent value. This is the case for NFTs as a form to validate assets in blockchains like real estate or art.
Accounting for the 21% of worldwide cryptocurrency users, women in blockchain are underrepresented. Data from Triple-A, a blockchain technology and cryptocurrency solutions company in Singapore, estimated that there are over 300 million crypto users worldwide while 18,000 businesses all over the world are now accepting cryptocurrencies. There is an immense disparity between the number of men and women using this technology. However, a recent data survey from Blockfi suggests the growing interest of women in cryptocurrencies.
Here are three innovation-driven, women-led projects in the space of Web 3.0:
“Our mission is to bring all resources for women under one umbrella to change the world.” — Global Women in Blockchain
Global Women in Blockchain (GWB) is the world's first international umbrella organization dedicated to activating and accelerating the powerful partnerships of women who are leading the way within blockchain technology education, development, and promotion. The non-profit organization aspires to increase diversity in the technological industry by empowering women through shared business relationships and exchanges, associations, meet-ups, forums, & learning events, among many others. GWB strives to include at least one female representative in every country who could lead in the service of women by nurturing an ecosystem of trust, support, inclusion, conscious leadership, and socioeconomic growth.
The GWB organization is headed by its president and founder, Nina Nichols. She is the co-founder of Cluechain, LLC, a company that offers full blockchain services for businesses. Nina Nichols had also founded Resolution Research & Marketing Inc., a market research company based in Denver, Colorado.
The women-powered team of Global Women in Blockchain has been gearing towards inclusivity for blockchain usage.
The Black Women Blockchain Council aims to promote Black Women in Blockchain, Financial Technology, and Future Technology. At its core, the mission of the Black Women Blockchain Council is to create a safe space that inspires, trains, and activates a talent and economic pipeline of black women interested in professional and entrepreneurial careers in blockchain and financial technology, while also inspiring and educating the next generation of diverse and inclusive blockchain leaders from K-12, colleges and universities. By doing so, it will support the sustainable adoption of technology through the creation of different opportunities for Black Women. The organization also aims to raise awareness and promote future leaders by equipping skills and educational resources for underprivileged girls, across the globe, to prepare them for blockchain-related careers & financial technology. Moreover, it aims to support economic inclusion through the elimination of traditional barriers with tools for wealth creation that can assist economic justice on a large scale.
The Black Women Blockchain Council is under the leadership of Olayinka Odeniran, an esteemed compliance and risk management expert who has years of experience in assisting financial institutions to navigate international regulations. Black Women Blockchain Council, LLC, comprises members from diverse backgrounds that open different opportunities concentrated on blockchain-enabled technology targeted for diversity and inclusivity.
From a group of four friends who had the same vision that joined forces to begin World of Women, the team grew to nine dedicated to creating a “beautiful, diverse, empowering collection and flourishing community.” From new community members and collectors to rising artists and NFT aficionados. WoW loves bringing individuals into the NFT space by creating a welcoming experience for everyone.
The diverse team of NFT enthusiasts at WoW embraces inclusivity with their empowering women-drawn collection and its thriving community. With art to give women a spot in the NFT scene, Yam Karkai and the team behind World of Women were paving the inclusion of women as artists and collectors in the world of blockchain.
Projects based on blockchain gain the traction of the general population with the evolving technology. Once considered a male-centric platform, the perception of blockchain and the technology associated with it are shifting to a more diverse and inclusive one.
The women in Web 3.0 further emphasize the significance of adopting means to promote inclusivity in aspects that affect society. The varying ways to finance and use technology in such cases. These women-led projects are initiatives that are empowering women of today to do their part in the existing digital revolution.
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