The cryptocurrency exchange Bitget has announced a ground-breaking program in which it will donate $10 million to assist female-led Web3 and blockchain firms. The Blockchain4Her program seeks to close the gender gap in the blockchain industry by giving female entrepreneurs financial help, mentorship, and recognition.

Bitget is going to introduce incubation programs designed especially for female entrepreneurs as part of the Blockchain4Her project. These initiatives will give female-led businesses the tools, direction, and connections they need to succeed in the cutthroat blockchain market. Bitget will also hold pitch competitions, providing a venue for female-founded firms to present their creative concepts and obtain capital.

Women in Blockchain Conference & Honors

The Women in Blockchain Summit & Awards, presented by Blockchain4Her, will honor the outstanding accomplishments of women in the blockchain industry. By showcasing the accomplishments of female leaders, entrepreneurs, and professionals, this event will inspire and create a sense of camaraderie among those in the field.

Promoters of Gender Diversity

By asking prominent members of the industry to be brand ambassadors for the Blockchain4Her initiative, Bitget is actively advancing gender diversity. These ambassadors will be essential in promoting gender parity, interacting with the public, and bringing about constructive changes in the blockchain sector.

In a related endeavor, Bitget had earlier revealed the “Blockchain4Youth” program, which would provide $10 million to help young people interested in the blockchain industry. This program consists of university lectures on Web3, educational courses from Bitget Academy, and the incubation of innovative projects run by young entrepreneurs. There will also be hackathons for people under 30 to find and develop future leaders in the blockchain industry.

Taking Care of the Gender Gap

In research released on January 11th, Bitget drew attention to the gender gap in Web3 VC funding. Less than 7% of VC funding in the sector went to female-led firms, according to the data, underscoring the necessity of taking comprehensive steps to improve accessibility and inclusivity for women in the blockchain space.

Bitget has demonstrated a significant step towards promoting gender diversity and inclusivity in the blockchain industry with its $10 million commitment to the Blockchain4Her program. The mission of Bitget is to encourage women entrepreneurs and foster a more inclusive Web3 and blockchain community by offering financial support, mentorship, and recognition. The Women in Blockchain Summit & Awards, in conjunction with pitch competitions and incubation programs, will support the overarching goal of closing the gender gap and promoting women’s involvement in this quickly developing field.