GBBC CEO highlighted the need for women representation on the crypto trading side, and claimed “Bro culture” is prevalent in the trading ecosystem.
The fourth day of the ongoing world economic forum saw major discussion around the role of women in web3 and how the decentralized ecosystem is the place for inclusiveness.
Women are investing in crypto at half the rate of men. Join us at #WEF22 to hear about solutions we can implement to get women at the forefront of this digital revolution. @KristinaLCorner @sarahendline @Billwrightv @nicolamen @srolondon https://t.co/jBbiauzSWi pic.twitter.com/xWlhqv5p5m
— The Female Quotient (@femalequotient) May 25, 2022
Cointelegraph editor in chief Kristina Lucrezia Cornèr moderated a panel on ‘Why Web3 Needs Women at the Forefront” joined by the likes of Meta VP Nicola Mendelsohn, Global Blockchain Business Council CEO Sandra Ro, Harvard Business School’s Sarah Endline and Bill Wright, Head, Government Relations at Splunk.
Talking about women role models in the web3 and crypto space, the panelists highlighted the contribution of key women representatives in the nascent space. Meta VP quipped that Bitcoin creator Satoshi Nakamoto who remains pseudo-anonymous to date could very well be a woman. She explained:
“I will give you one- Satoshi Nakamoto, I mean we all assume it’s a man right, is that our bias? It’s just a name it could well be a woman.”
The panel also discussed the challenges faced by women today and things that could be done better and improved upon. GBBC CEO Sandra Rao highlighted the growing contribution of women in the nonfungible token space and also raised concerns over the lack of it in the crypto trading space. She explained:
“While NFT domain has seen a great proportion of women participants but crypto trading certainly concerns me because of the lack of women representation.”
She also stressed the need to create an “environment to accommodate women representatives on the crypto trading side.”
Related: WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
Bill Wright, Government Relations head at Splunk and the only male panelist belives web3 and blockchain space is inclusive by nature. He said:
“I think web3 by nature aims to be an inclusive environment, and more diverse people involved would result in better outcomes. By research, it has been proven that diverse groups focused on a problem will come up with a better solution. ”
The panelists agreed that the decentralized world has seen a significant increase in women representatives over the years and hoped to see that proportion growing in the future.
