Women in the crypto world transforming the industry
It’s been observed that women leave corporate jobs twice as much as men. This is because the culture in the workplace tends to push them out. To combat this problem, companies should focus on investing in better opportunities & supporting a diverse workforce that will help drive their business forward. But despite the common misconceptions of the crypto world being a hostile workplace for women, there have been a few promising stories. Female contributors have been sharing their views on how this industry is evolving and providing some amazing news.
Kinjal Shah is a senior associate at Blockchain Capital and a few other prominent blockchain companies. She also backs the Komorebi Collective, which helps support female and nonbinary crypto entrepreneurs. She believes that a new financial system can be built differently, and she hopes that more women and minorities will enter this huge opportunistic industry.
“If this is the future of finance,” she remarked, “I want more women to be sharing a piece of that pie… From the outside looking in, the face of crypto is very male. Now that I’m on the inside, I know so many women.”
Julia Rosenberg is one of the few founders at Orca Protocol. To raise funds for her company, she contacted several potential investors. During the process, she talked to one woman investor, Kinjal Shah.
Both Rosenberg and Kinjal, who come from different backgrounds than traditional tech and banking, saw an opportunity to distinctly influence the developing DeFi world. Active recruitment of women was seen as essential to making this happen. Orca Protocol has some very talented female workers. Their CEO and their chief advisor are women, and they also have a female product design lead among nine employees.
There are also some examples where more women are entering the blockchain industry, for example, Defy Trends – a women-led analytics firm. It was named one of two winners at The Startup Showdown in September.
They were awarded a USD 120,000 investment from Panoramic Ventures, one of the competition’s judges. They were chosen as “best company” for the competition out of 200 promising applicants. This puts them in the 2.1% of startups led by women who have received investments during 2021.
The platform helps you make smarter investment decisions by aggregating important information about various ICOs. Machine-learning AI algorithms are used to process this information.
It even has an environmental impact assessment to help investors make responsible decisions, alongside a worldwide analysis that tracks how each coin interacts with other coins in the broader ecosystem.
The future of blockchain is inclusive.
In 2020, a survey revealed a 43% increase in women in business. Investing in women-led firms can be a profitable venture, as evidenced by this recent report about the earnings potential of these firms. Women Who Code just received a $150,000 grant from Algorand to fund their deep-learning curriculum for women engineers. Gemini and The Giving Block, two companies that help others raise funds through cryptocurrency, have raised their funds by reaching out to cryptocurrency donors on International Women’s Day 2021.
Women are at the forefront of this industry’s early phases of development, which is very promising. With access to education & awareness on top of the list of priorities, it is reasonable to think that growth will begin.