Bitget Unveils Blockchain4Her, $10 Million Pledge for Gender Diversity in Web3 at Davos

quick take

Bitget unveiled its Blockchain4Her initiative, investing $10 million to promote gender diversity and inclusion in the blockchain industry. The move aims to address existing gender biases, empower female entrepreneurs and recognize women’s contributions in the blockchain and Web3 space. Bitget’s initiatives are aligned with its broader vision to create a more equitable and inclusive future through blockchain technology.

Despite advancements in the blockchain industry, gender bias still remains a significant issue. According to a recent study conducted by Bitget, the world’s leading cryptocurrency exchange and Web3 company. Female-led blockchain startups received only 6% of total funding., highlighting the need to increase gender diversity. In an important move to foster gender diversity and inclusion in the blockchain industry, Bitget today announced its Blockchain4Her initiative at the Web3 Hub Davos event hosted by CV Labs at the 2024 World Economic Forum. By investing $10 million, Bitget aims to solve the following problems: Long-standing gender bias persists in the blockchain and Web3 space.

bitgetFormerly known as BitKeep, has been a pioneer in the cryptocurrency and Web3 sectors since its founding in 2018. The company provides innovative trading solutions, multi-chain cryptocurrency wallets, and various Web3 features to more than 20 million users in more than 100 countries and regions. Bitget’s dedication to inspiring individuals to embrace cryptocurrency is exemplified through partnerships with celebrities such as Lionel Messi and esports event organizer PGL.

Blockchain4Her Initiative

The Blockchain4Her initiative was launched to address the issue of gender bias head-on by highlighting the challenges faced by female entrepreneurs and creating a more inclusive funding environment.

Blockchain4Her’s key initiatives:

• Women Entrepreneur Incubation Programs and Promotional Competitions: Bitget will launch an incubation program specifically tailored for female entrepreneurs. The program provides comprehensive support, mentorship, and resources to empower women to navigate and succeed in the blockchain industry. Blockchain4Her will also host promotional competitions for women-founded startups, providing them with a platform to showcase their innovations and secure potential investment.
• Women in Blockchain Summit and Awards: Blockchain4Her includes the Women in Blockchain Summit & Awards, designed to celebrate and recognize the outstanding achievements of women in the blockchain space. The goal of the summit is to foster networking opportunities for women professionals and promote collaboration and community building. Through insightful discussions and recognition events, Bitget hopes to encourage more women to actively participate in the blockchain industry and advance their careers.
• Ambassador Program: To further support gender diversity in blockchain, Bitget will invite industry leaders to become ambassadors for the Blockchain4Her program. These ambassadors will foster an inclusive environment within the blockchain ecosystem by advocating, engaging, and driving positive change.

Bitget’s Blockchain4Her initiative builds on the success of the Blockchain4Youth project. We are also investing $10 million over the next five years to inspire younger generations to embrace blockchain technology. These initiatives reflect Bitget’s commitment to providing equitable opportunities and promoting financial inclusion in the blockchain industry.

Gracy Chen, Managing Director of Bitget It emphasized the importance of diversity and inclusion in the rapidly evolving blockchain industry.

“Blockchain4Her reflects our commitment to closing the gender gap in the blockchain industry,” she said. Through incubation programs, promotional competitions and recognition events, we aim to empower women to take on leadership roles in the Web3 and blockchain space. “This initiative aligns with our broader vision to create a more equitable and inclusive future through the power of blockchain.”

With Blockchain4Her, Bitget has taken an important step in promoting the UN’s Sustainable Development Goals, especially the gender equality goal. By fostering a more diverse and inclusive blockchain industry, Bitget paves the way for women to contribute, lead, and grow in this rapidly evolving sector.

Read more: Why are women important in blockchain?