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Ethereum and Dogeliens Use Education to Address Crypto Gender Inequality

Cryptocurrency has burst onto the financial scene promising progressive, decentralized, non-sovereign finance, controlled by the community and free from political influence.

In many ways, it has achieved this feat, overcoming previous financial barriers and opening up investment opportunities to broader groups of people. For example, a higher percentage of young adults are using crypto, breaking the age limit that exists in exchange trading. Additionally, thousands of previously unbanked individuals, without the required documents or the ability to open traditional bank accounts, have opened crypto wallets instead.

However, cryptocurrency barriers still exist in relation to the gender gap in finance. Twice as many men as women use cryptocurrencies, according to CNBC and Acorn’s Invest in You: Next Gen Investor survey. Instead of bridging the gender gap, cryptocurrency is actually bridging the existing gap in traditional banking. About 14% of men use crypto and only 7% of women. This disparity is even greater in NFT retail, where women account for just 5% of total sales. When you consider that NFTs generated over $23 billion in 2022, that’s a huge pool of money that is currently unexplored by women.

Cryptocurrencies have been promoted as a medium to increase the diversity of financial users and break down barriers through the democratization of finance. However, how do we expand this to close the gender gap?

Female celebrities in crypto

There are some big names in the crypto scene right now, and not all of them are men. Madonna has been very vocal about her crypto usage, posting regular updates on her social media. Madonna has also publicly opened up about her love for a $1.3 million Bored Ape Yacht Club NFT and announced that she is eyeing it for her collection.

Meanwhile, Paris Hilton just broke crypto news by announcing that her company 11:11 Media is joining The Sandbox Metaverse. Hilton plans to open a land where she can interact with her fans in a virtual Malibu mansion and sell digital goods.

While celebrities are always helpful, the crazy headlines about Malibu Metaverse parties and $1.3 million NFTs aren’t accessible to the wider population of women. It is clear that the coins themselves need to take more action to make platforms accessible across the gender divide.

Ariana Pierce and Crypto Education

In a recent interview with Forbes, crypto pioneer Ariana Pierce emphasized the importance of education in increasing financial diversity. Her mission is to ensure that people of all genders, races and socioeconomic backgrounds have access to the opportunities of Web3, and she believes education is at the forefront of that journey. She sees crypto as an opportunity for women to be on the front lines when historically women, and women of color in particular, have often been excluded from wealth-creating industries.

Which cryptocurrencies are currently offering this basic education to their users?

Dogeliens and the University of Barkington

The new cryptocurrency Dogeliens is launching into the Metaverse with the goal of encouraging more people to use cryptocurrency. The coin offers games and educational content to help the general public better understand cryptocurrency. To this end, Dogeliens created the “University of Barkington” with a huge range of content available to users. Their goal is to create the best blockchain-based educational platform to encourage more people to enter the world of crypto.

HeraldScotland:

While not directly aimed at encouraging women into crypto, Dogeliens are specifically designed to demonstrate the simplicity of cryptocurrency payments to encourage more people to get involved and prove their accessibility. They are passionate about communicating and promoting crypto to a wider audience of users. This is exactly the angle needed to create an accessible platform for more women to enter the finance scene.

Dogelia vs. Ethereum

Ethereum also has an educational platform called the Learn Hub, which consists of a number of technical and non-technical articles, guides, and resources. A system of tabs directs users to information covering all Ethereum basics. However, unlike Dogeliens, this is not interactive or dedicated to cryptocurrency inclusivity. Ethereum’s “Learn Hub” focuses exclusively on Ethereum-based information. Although the site states that their “community includes people from all backgrounds,” there is little evidence that they make any effort to ensure their coin is diverse in practice.

If we are to continue to view cryptocurrency as a medium that increases the diversity of financial users, more work needs to be done on user education. Education is the key to progress and for crypto to bridge the gender gap, this is the necessary next step. Ethereum’s “Learn Hub” takes it a step further, while Dogelia’s “University” takes it a step further. To stay ahead of the financial game and pave the way for the future of finance, crypto needs to invest more time and energy into educating its users and diversifying its platforms.

Dogelia (DOGET)

Presale: https://ufo.dogeliens.io

Website: http://dogeliens.io/

Telegram: https://t.me/DogeliensOfficial

This article is brought to you by Emily Milton PR and does not necessarily represent the views of The Herald.

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