DFINITY Foundation Unveils Blockchain Scholarships for Women

Cryptocurrency

The DFINITY Foundation, the nonprofit organization developing the Internet Computer Protocol (ICP) — the world’s first Internet-scale public blockchain at Internet speed — has announced up to $100,000 in grants for developers and entrepreneurs.

The grants aim to encourage women to build on the ICP ecosystem by providing them with easier access to resources and fast-tracking recipients through key milestones in the development process.

Studies have shown that fewer women start Web3 projects compared to men, reflecting the lack of female developers and entrepreneurs entering the industry.

Through the grant program, the DFINITY Foundation aims to inspire and support women to start building decentralized applications on the Internet’s computing blockchain, backed by the 37th most valuable cryptocurrency at the time of writing with a market cap of over $1.1 billion.

DFINITY scholarship winner and Supernova Hackathon winner Bernie Snell – known as Bertie Spell on Twitter – expressed the importance of Web3 scholarships for women in a Twitter thread.

“I wouldn’t even be in the room the other day if it weren’t for the ‘women in tech’ scholarship that allowed me to drop my PhD and learn to code in the first place, many moons ago. Winning the Supernova meant I could then focus on blockchain and IC in particular,” she said.

Snell is the founder of dApp Signals, a location-based chat app for making connections, creating communities and discovering events. “Innovation incentives bring people to eco. If you want women in eco – finance them,” she added.

Lomesh Dutta, Vice President of Growth at DFINITY Foundation, said: “The Web3 movement is about democratizing access to opportunity. We’re really excited to see female entrepreneurs leading the way, but we also recognize the need to provide more specific resources and support for women in this industry and promote diversity in the Web3 space in any way possible.

“By launching these targeted grants, we look forward to welcoming more female builders to the ICP ecosystem and working together to build our vision of a user-owned, decentralized web on the Internet computing chain.”

Other women-led projects in the ICP ecosystem include Distrikt, a decentralized social media platform with more than 110,000 users, and Factland DAO, which work to slow the spread of misinformation online.

These dApps operate without relying on a central cloud service such as AWS or Google Cloud and offer the associated benefits of data security, safety and lack of risk of deplatforming.

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The total market capitalization of the 22,000 coins is $841 billion at the time of writing (7am UK).

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