Women in business will be able to access greater funding and grow their business because of the free crypto, NFT, and blockchain domains offered to them as part of a new initiative to be offered in Abu Dhabi, experts told Arabian Business.
The campaign sees Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) partner with a Web3 identity platform and NFT domain name provider Unstoppable Domains to provide free crypto domains to women.
The senior advisor for Global Acquisitions at Idoneus, Marata Carroz Tapsoba, said: “The Abu Dhabi government’s decision to make cryptocurrency free domains available to women is timely and welcome. I believe that this programme will not only inspire more female participation, but will also enhance and increase the industry’s legitimacy.
“Furthermore, more women in business will have greater access to funding, which will help them grow their businesses, while the UAE’s status as a global blockchain and cryptocurrency hub will be further cemented as a result of this decision.”
The Abu Dhabi initiative offers women in the UAE capital the opportunity to capitalise on Web3 opportunities.
It provides them with a decentralised web address and digital identity that gives them complete control of their data and content within a space that they fully own, as opposed to Web2 domains, which are leased for fixed periods through third-party brokers.
Reacting to the initiative, the chief strategy officer of Nasdaq-listed FTFT, and chief executive officer and director of FTFT Capital, Ola Lind, said: “Abu Dhabi has been at the forefront of the cryptocurrency advocacy movement with initiatives such as these and events like the Global Distributed Cloud Summit.”
FTFT has also launched a #cryptocredibilty movement to empower students, which aims to generate an increase in the number of female users and investors.
Lind added: “The fact that more women are trading cryptocurrencies disproves the concept that cryptocurrency investors are risk-takers. The industry’s standing improves as more women participate in bitcoin. Their growing participation supports the premise that cryptocurrency and regular investments can coexist.”
Currently, only 5 percent to 7 percent of all cryptocurrency users are women, and only 12 percent of people who work in blockchain are women.
The Abu Dhabi initiatives, among others, aim to change this by increasing the number of women engaging with Web3, crypto, and NFT-related businesses.
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