In Bitget’s report on the gender gap in the “blockchain job” sector, it emerged that the number of startups led by women is still less than 9% of the total.
Summary
Blockchain Jobs: Numbers Suggest Women’s Inclusivity is Still Limited
According to the data from the report by Bitget “The Gender Gap in Blockchain Startup Funding: A Two-Year Analysis”, it seems that the inclusivity of women in the Blockchain job sector is still limited.
With “women-led blockchain startups,” we mean those in which at least half of the executives are women. While the analysis period of Bitget ranges from the beginning of 2022 to the third quarter of 2023.
Given these premises, the results of the analysis show that the number of blockchain startups led by women is less than 9% of the total.
Not only that, their tendency seems to be downward, with a decrease of 45.2% since the beginning of 2022, although it appears to be already showing signs of recovery.
In fact, the report notes that in the third quarter of 2023 there were 31 startups led by women, 15 more than in the first and second quarters.
This data is not yet sufficient to indicate a recovery to the 2022 level, but further monitoring could confirm the upward trend that began after the second quarter of 2023.
Another significant data refers to the fundraising of blockchain startups. During the study period, it seems that out of a total of 27.85 billion dollars raised, blockchain startups led by women have obtained only 6.34% of the overall funding.
Blockchain Work and Potential Strategies to Promote Inclusivity for Women
In the report, Bitget, which already has a woman in the role of Managing Director (Gracy Chen), would like to use this data to implement new strategies that contribute to creating a fairer environment.
Specifically, when talking about blockchain startups, the report points out how the composition of the team and the personality of the founder are among the key factors that attract investor interest and give life to a startup.
By obtaining funding, the blockchain startup would feel covered and could thus focus its energies on the growth of the project.
In this sense, Bitget seems to want to commit to understanding and creating potential strategies and solutions, to promote gender equality in accessing financing.
Gracy Chen and her crypto predictions for 2024
At the beginning of this year, the Managing Director of Bitget, Gracy Chen, shared an open letter in which she describes her predictions for the crypto sector in 2024.
After listing all the achievements obtained in 2023, Chen essentially predicts that there will be three trends:
- BRC-20, ARC-20 and scalability of Bitcoin will be the key sectors of the year;
- the reduction of gas fees will boost the ETH ecosystem with the Cancun upgrade;
- Long-term potential will be revealed by the combination of AI and blockchain.
In addition, Chen shares that the development strategy of the crypto sector for the next year will be focused on three critical areas: compliance, emerging markets, and Web3.
