Web3 projects focus on education to bring Latin American women to the sector By Cointelegraph

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Web3 projects focus on education to bring Latin American women to the sector

Published Oct 21, 2022 09:07AM ET Updated Oct 22, 2022 11:00AM ET

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Web3 projects focus on education to bring Latin American women to the sector

Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cointelegraph Research also show that Web3 attracted the most interest from venture capitalists in comparison to other blockchain sectors during Q2 of this year.

While notable, a lack of diversity has become apparent within the Web3 sector. For instance, it was found that only 16% of nonfungible token (NFT) creators are women. Although this number is low, women are taking an interest in owning digital assets. Given this, industry experts believe that a lack of education around Web3 is creating a barrier to entry for women, especially for those who are from underrepresented regions, such as those from Latin America.

Women participating at the Devcon Bogota hackathon. Source: H.E.R. DAO LATAM

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Web3 projects focus on education to bring Latin American women to the sector

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