Where Are The Women In Web3?
Her World Singapore|July 2022
For all its promises of democratisation, Web3 remains very much a male-dominated space. How can we build a fairer and more equitable virtual society - one that supports and advances women as much as men?
Delle Chan
Where Are The Women In Web3?

Society has long been dominated by men – for over 10,000 years and counting, in fact. Patriarchy as a social system first took root around 9,000 BC, when agriculture was invented. Back then, land and property was passed down the male line by default, and so men came to the fore – and have remained there ever since. Centuries on, men are still vastly more likely than women to hold positions of power in both the physical and virtual realms.

But what if we could create a whole new world – one where both men and women have a seat at the table? This is one of the principles underpinning Web3, which is essentially a decentralised, democratised version of the Internet built on blockchain technology, thus dramatically changing the way information is stored and shared.

In this utopian virtual reality, power isn’t wielded by a select few entities, as it is in Web2 – the version of the Internet we know today, where large corporations provide services in exchange for users’ personal data. Instead, ownership and control lie with the masses, and decisions are made as a collective. And for some women, this represents a chance to level the playing field and build a more equitable society for all.

MORE EQUAL OPPORTUNITIES

However, the truth is that Web3 is still very much a boys’ club. Take the cryptocurrency industry, for instance. While bitcoin is aimed at encouraging financial equity, less than 5 per cent of crypto entrepreneurs are women, according to crypto platform Crypto Head. Crypto exchange Gemini also states that three in four crypto holders are men. This gender gap is also all too apparent in the NFT economy: Research firm Arttactic notes that only 16 per cent of NFT artists are female, and that male creator represent a whopping 77 per cent of art sales.

Bu hikaye Her World Singapore dergisinin July 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Her World Singapore dergisinin July 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HER WORLD SINGAPORE DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Breaking Down The Benefits Of Hyaluronic Acid
Her World Singapore

Breaking Down The Benefits Of Hyaluronic Acid

Here's why this popular skincare ingredient is a potent fix for dehydrated complexions.

time-read
4 dak  |
November 2024
Heritage in a Bottle
Her World Singapore

Heritage in a Bottle

Crafted by Swiss perfumer Christine Nagel, Barenia is the first chypre fragrance from Hermes, a seductive scent that is a dance between the delicate butterfly lily and the vibrant burst of miracle berry.

time-read
1 min  |
November 2024
Is my adult acne caused by hormonal changes?
Her World Singapore

Is my adult acne caused by hormonal changes?

Quinn Chen answers.

time-read
2 dak  |
November 2024
BEST IN CLASS
Her World Singapore

BEST IN CLASS

MOVING AWAY FROM INTRODUCING ENTIRELY NEW PRODUCTS, BRANDS SUCH AS SHISEIDO, CLE DE PEAU BEAUTE AND SULWHASOO HAVE CHOSEN TO GO BACK TO THE DRAWING BOARD TO ELEVATE TRIED-AND-TRUE FORMULAS. THESE ICONIC CLASSICS ARE MORE EFFICACIOUS AND LUXURIOUS THAN BEFORE.

time-read
4 dak  |
November 2024
Sneak Peek
Her World Singapore

Sneak Peek

We've got our sights set on these new must-haves that promise to breathe new life into tired-looking eyes.

time-read
2 dak  |
November 2024
ACTS OF SERVICE
Her World Singapore

ACTS OF SERVICE

Beauty brands are enticing customers with a range of in-store treatments and services that offer expert tips, demonstrations and pampering.

time-read
4 dak  |
November 2024
November favourites
Her World Singapore

November favourites

Here are some of the must-haves you will not regret adding to your beauty shelf.

time-read
1 min  |
November 2024
Against the rules
Her World Singapore

Against the rules

Step into the dark side with grunge-inspired moody tones and smoky, smudgy eyes.

time-read
1 min  |
November 2024
Is it ever a good idea to engage in online discourse?
Her World Singapore

Is it ever a good idea to engage in online discourse?

Sarah Bagharib answers.

time-read
2 dak  |
November 2024
GO WITH THE FLOW
Her World Singapore

GO WITH THE FLOW

Half a month in Mongolia living with nomadic families and exploring the country's storied beauty taught senior advertising strategist Uli Chan the beauty of impermanence.

time-read
7 dak  |
November 2024