More than two-thirds of US cryptocurrency currencies are male, and about 60% are white, according to a recent study by CNBC and Acorn, gender differences that are greater than other currencies such as stocks, bonds and all other currencies.
As an artist and activist for women’s rights, Maliha Abidi is an expert in the use of digital technologies, so when she encountered non-fungible signs she quickly thought it would be a way to reach more people, and for female artists to gain more followers.
Abidi, 25, who was born in Pakistan and emigrated to the United States as a teenager, created his first NFT a few months ago – a type of resource that uses blockchain to record ownership of digital objects such as graphics, videos and collections.
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Worker in the UK is about to launch Women Rise, a campaign to bring 100,000 girls and women into cryptocurrency by the end of 2022.
She is one of the largest number of women photographers, coders, entrepreneurs and financiers embracing cryptocurrency and NFTs, and is encouraging other women to join the blockchain and bridge class gender gap in a rapidly growing environment.
“When I first heard about blockchain, I didn’t think it was about me. But I was fascinated by the art, and realized that artists could be a part of this, and that they could be a place for women and people of color,” she said in a video.
“NFTs give people who have never had the opportunity to earn money or sell their skills in the traditional way, the opportunity to do so. Crypto and NFTs are a way to be financially independent, so it is important for women and girls to know about them.” he said.
As major investors push bitcoin to record this year’s volume, the introduction of crypto currencies has grown among younger investors as well as in developing countries, where anyone with a mobile phone can bypass a fixed banking system.
India has the world’s largest 100 million crypto owners, according to the BrokerChooser platform, compared to 27 million in the United States and 17 million in Russia.
So far, NFTs sales have risen to nearly $ 11 billion in the third quarter of 2021, eight times higher than the previous quarter, according to the DappRadar stock market.
But more than two-thirds of US cryptocurrency currencies are male, and about 60% are white, according to a recent study by CNBC and Acorn, gender differences that are wider than other currencies such as stocks, bonds and all other currencies.
Although crypto exchanges in India said only 15% of users were women.
“The crypto world seems to be a reflection of the technical and economic world of gender; there are women, but the sites are dominated by men,” said Angela Walch, a researcher at the UCL Center for Blockchain Technologies in London.
“As crypto grows rapidly, it is important to have a different perspective on designing and operating systems for the best decisions to be made,” he told the Thomson Reuters Foundation.
Less than half of women worldwide use the internet, compared with 55% of men, while the gap is growing in developing countries, according to the United Nations Educational, Scientific and Cultural Organization (ITU).
Similarly, women are left behind by men when it comes to managing and acquiring worldly wealth or employment, according to the World Economic Forum’s annual report on gender equality.
Blockchain technology – which supports cryptocurrency and NFTs – has been praised as a way to a better, more transparent and integrated world.
And cryptocurrencies are rapidly evolving from the financial arena to many things, by investors, companies and countries that view them as assets, as a pay-as-you-go car, and as a wall against the uncertainty and downturn in the economy.
So far, the NFTs have attracted celebrities, artists and investors, and sold digital college this year for more than $ 69 million recorded as the most expensive NFT sales to date – though the number of NFT buyers remains low.
But when cryptocurrency attracted young people, as well as mixed races, only women made about five US dollars, a CNBC survey showed.
Black women – who have historically been locked out of large sums of money – make up only 4% of crypto currency.
This is why British-based entrepreneur Lavinia Osbourne launched Women in Blockchain Talks as a women’s platform, and plans to launch an NFT marketplace called “Crypto Kweens” for female artists, entrepreneurs and collectors.
“Injustice is deep and orderly in society, and people bring about racism in all its forms,” he said, adding that he had experienced “growing discrimination”.
“This is why it is important that different terms are not inconsistent with blockchain negotiations – otherwise, we will have a repetition of the inequalities that exist elsewhere,” he said.
With Twitter tools like @crypto_chicks, @NFTgirl and @BTCbombshell, female NFT artists and collectors show off their interactions on television and have fun. Many also support charitable donations for women and girls.
Their work is recognized: the NFT physical form from Boss Beauties, a list of 10,000 NFT images of women, was unveiled on the New York Stock Exchange last month.
When Tavonia Evans, a US data scientist who logged on to Twitter @cryptodeeva, developed Guapcoin, the cryptocurrency “to boost black economic growth”.
“The crypto world is an extension of the tech space, with a huge diversity gap,” she said, adding that access to the capital remains a major challenge for black women.
“That’s why we created Guapcoin – to focus on our vulnerable people and to do our part to close the gap,” said Evans, a member of the National Policy Network for Women of Color in Blockchain that promotes greater inclusion.
Efforts like this will go a long way in eliminating gender inequality in the blockchain, Walch said.
“There are very few female leaders in the crypto space who are respected, who lead strongly within the space and are reliable and policy makers,” she said.
“Their success should attract more women to crypto.”
While most of the famous crypto Investors and Photographers are in the West, many women are entering space in countries such as India, with photographers including Sneha Chakraborty and 14-year-old Laya Mathikshara gaining rapid following.
“Once I started, it took me a while to find mothers, and mothers of color, and my questions were answered,” said Abidi, who was expected to meet many of her colleagues at an NFT conference in New York City last week.
“But as soon as you pass white male guards, there is a large group of women here. I think crypto has the power to promote women’s rights,” she said.