A recent study conducted by leading cryptocurrency exchange and Web3 company Bitget has unveiled concerning gender disparities in the funding landscape of blockchain startups. The comprehensive analysis, spanning two years, sheds light on the investment patterns affecting both male and female-led startups within the crypto industry.
According to the report, there has been a significant decline of 70.1% in overall fundraising for blockchain startups from Q1 2022 to Q3 2023. Shockingly, female-led startups only secured 6.34% of the total funding, amounting to $1.77 billion. This highlights a 45.2% decrease in female-led blockchain startups since the beginning of 2022. However, there is a slight increase in the share of female-led startups from 8.3% in 2022 to 8.6% by Q3 2023.
The study also explores the root causes of this gender-based funding disparity, pointing to factors such as general investment trends, the overall crypto market situation, investor sentiment, and a bias favoring male-led projects. With over 90% of the funding directed towards male-led startups, Bitget emphasizes the urgent need for incubators to create an inclusive environment for female-founded startups.
Additionally, the study highlights the correlation between founder gender and investment volumes, raising questions about the prevalence of bias within the crypto industry. Despite the industry’s claims of inclusivity and a global approach, addressing gender bias is essential to ensuring equal opportunities for all within the transformative blockchain sector.
Gracy Chen, the Managing Director of Bitget, recognizes the industry’s responsibility to tackle these disparities. Chen emphasizes the commitment to creating an ecosystem where talent and potential are the sole criteria, free from gender bias.
In conclusion, this study brings attention to the gender disparities in blockchain startup funding, urging the industry to address these issues and nurture a more inclusive environment for all entrepreneurs. Only by embracing diversity and providing equal opportunities can the blockchain sector reach its full potential.
The source of the article is from the blog xn--campiahoy-p6a.es