Women of crypto take over Davos WEF
A great number of women decision-makers from varied segments of the crypto industry were present at the WEF, Davos event
By Shashank Bhardwaj
World Economic Forum (WEF) annual meeting kicks off in Davos, Switzerland on May 23, 2022. Photo by Dursun Aydemir/Anadolu Agency via Getty Images
The recently concluded annual World Economic Forum gathering of decision-makers in Davos, which was held as a five-day summit, was a centre of attraction for many across the globe. But the highlight of the event, as per Irina Berezina, operations lead at UpLift DAO, was the number of women present in the Davos event, which was much higher than similar crypto events in Dubai and Lisbon.
As per Berezina, the Promenade at Davos was overrun by crypto companies, outnumbering the traditional presence in the finance and tech sector, but it was the presence of so many women in senior roles, representing every aspect of the crypto industry that strengthened the conviction of many women out there that the future of the industry is bright.
Berezina avered, “As operations lead of Uplift DAO, a launchpad for innovative crypto community projects, I interact with our community intensely to keep them engaged and reach out to as many as different sectors as possible.”
She finds that a diverse community brings more significant support to new projects, and ensuring that women are well represented is paramount. It's appreciable to see women having integral roles in major projects and taking the lead in this space to inspire the community.
According to estimates, up to 85 percent of the crypto community is male, while in the traditional S&P, this percentage rises to 93.6 percent. Despite this, many surveys and studies lament the low involvement rates of women in the industry. However, a 2019 study by Grayscale bucked the trend and found that 43 percent of investors interested in Bitcoin were female. This number has undoubtedly increased since, in contrast to conventionally traded assets and commodities, crypto assets provide simple and open access to investing.
According to a report published in April 2022, women's involvement increased by over 170 percent in 2021-2022, while men's participation in the crypto sector rose by a lesser 80 percent. Irina also said that women typically made greater initial investments and, despite trading less frequently, had portfolios with more organised strategies and narrower positions. Information and resources have become more readily available to everyone due to widespread community-building initiatives and transparency embedded into project designs, contributing to the evolution and levelling of the financial playing field.
Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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CoinDCX raises over $135 million in fresh funding round, now worth $2 billionRead More..
Atari terminates blockchain joint venture with ICICB GroupRead More..
Monero's July hard fork confirmed by its communityRead More..
Backed by Shark Tank's Kevin O'Leary, WonderFi set to acquire Canadian exchange CoinberryRead More..
US Govt Links North Korea to Axie Infinity HackRead More..
Jack Dorsey's first tweet NFT resells for only $280Read More..
Opera crypto browser now available on iOSRead More..
Beanstalk Stablecoin protocol loses $182 million in governance exploitRead More..
Jack Dorsey vs. Vladimir Tenev on Bitcoin transaction feesRead More..
Ripple claims 'a very big win' in SEC caseRead More..
Argentinian town to invest in crypto mining to fight inflation, upgrade rail infraRead More..
Pantera Capital closing fundraise for its blockchain fund after raising $1.3 billionRead More..
Homegrown blockchain co Polygon commits to go carbon neutral this yearRead More..
NBA registers four NFT trademarksRead More..
US crypto expert jailed 63 months for helping North KoreaRead More..
Fortnite developer Epic Games raises $2 billion to build for the metaverseRead More..
Indian companies storm the metaverse and NFT spaceRead More..
Coinbase is producing a movie trilogy on Bored Ape NFTsRead More..
Multiple Indian Twitter accounts hacked, NFT content postedRead More..
German police shut down $1.3 billion illegal darknet firmRead More..
Meta tests sale of virtual goods in metaverseRead More..
Bitcoin 2022 Conference: Bitcoin Maximalists attack national currenciesRead More..
Binance Gets In-Principle Approval to Operate as Crypto Broker in Abu DhabiRead More..
EU limits Russians' crypto investments to 10k EurosRead More..
Coinbase suspends UPI payments in India three days after launchRead More..
From KFC to Tesla, Dell: Crypto-curious corporations struggle to find right recipeRead More..
In Texas, crypto miners turn to solar powerRead More..
South Africa concludes technical Proof-of-Concept for its CBDC settlement systemRead More..
Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
Meta working on virtual money 'Zuck Bucks': reportRead More..
Germany closes Russian darknet marketplace HydraRead More..
Britain paves way to accept stablecoinRead More..
Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctionsRead More..
Crypto provides fix for some in crisis-hit AfghanistanRead More..
Bitcoin to the rescue: Cryptocurrencies' role in UkraineRead More..
Digital art in spotlight as Dubai makes crypto hub bidRead More..
G7 looks to thwart cryptoassets use as Russian sanctions dodgeRead More..
Can cryptocurrencies give Russia, others breather from economic sanctions?Read More..
Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..