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    Web3 Already Has a Gender Diversity Problem | Rectangle

    Women Are Being Shut Out of Web3 with Only 13% of Founding Teams Including at Least One Woman, and Only 3% of Companies Have a Team that Is Exclusively Female

    Men-Founded Web3 Startups Raise Almost Four Times More Capital than Those Founded by WomenNew Study by BCG and People of Crypto Lab Highlights Measures that Can Address These Imbalances While There Is Still TimeBOSTON—Web3 companies—those developing radical new applications involving the metaverse, blockchain technologies, and cryptocurrencies that are set to transform many global industries—are on the cutting edge of shaping the future of the digital world. But in one aspect these companies remain stuck in the past: Women are vastly underrepresented among founders and investors. What’s more, that underrepresentation is greater than in science, technology, engineering, and math (STEM) education and the wider tech industry. Only 13% of Web3 founding teams include a woman, and only 3% have a team that is exclusively made up of women.