Abu Dhabi has very exciting news for all of its female residents. The city is going to provide some sort of a digital bouquet, for free. The bouquet includes cryptocurrency, a NFT and a Blockchain domain name.
The initiative has been launched by the city’s agencies: Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) as well as the leading blockchain domain company Unstoppable Domains. Unstoppable Domains has been part of a number of groundbreaking innovations in the crypto and blockchain domain name ecosystem, with the latest addition being this women empowerment venture in UAE’s capital city.
The initiative was launched while the US based organization, ‘Women in Web3’ was present in the city. The initiative was focussed on increasing the share of women in the cryptocurrency and blockchain space. Currently, worldwide women contribute only 5-7% of digital currency. The figure for the blockchain sector is similar at an abysmal 12% share.
The disproportionate contribution of women in Web3 is a glaring one and cannot be ignored. The step by Abu Dhabi is a welcoming one, which not only needs to be supported but also replicated to bring more contribution as well as empowerment to women.