According to the research using demographics carried out by consulting firm McKinsey, women spend more time on the metaverse platform than men but still hold fewer managerial positions in the metaverse compared to men.
Gender Inequality In Metaverse Too?
The issue of gender inequality has infiltrated both the metaverse and Web3. This was confirmed by a report on the demographics of metaverse users. One would think that decentralization would eliminate gender inequality in this society, but this does not appear to be the case.
In April, a survey on metaverse demographics involving countries such as Asia, Europe, and Africa revealed the gender dynamics and inequality in the metaverse sphere.
Women accounted for 41% of the total people surveyed, having interacted and used this platform engaging in activities and quests in a year period, compared to 34% of men active during that same time period.
Women were also found to spend more time on this platform, with over 30% logging in concurrently for hours in a week. This trait displayed by women in the metaverse earned them the title “Power Users”; While only 30% of men spent that much time on the platform.
Also read:Additionally, women have been observed to be more trailblazing innovators in the metaverse space than their male counterparts, bringing up initiatives.
In another survey on African women, 60% of women were found to have spearheaded initiatives and driven firms to take action, compared to 50% of men.
Men Still Call The Shots
Men still have the upper hand by making the decisions and calling the shots regarding these initiatives, while women remain in the background developing them and offloading their ideas.
90% of the funds allocated to companies for metaverse projects went to companies with male leaders.
95% of the estimated $100 million allocated to funding projects in the metaverse went to companies with male leadership, with a small amount going to companies with female leaders.
This screams gender inequality, which is extremely unhealthy in a space that is still developing and just emerging. This is also comparable to the gender gap that exists among multinational companies outside the web3 space, where men dominate the leadership and decision-making roles.
The metaverse has long been preaching the gospel of decentralization, and equality, but this appears to only be lip service as the opposite has actually been the case.
The Metaverse has the potential to significantly alter the dynamics of the world and the way things function, but for this to occur, a variety of voices and points of view must be heard, the dominant voice must be subdued, and various leadership philosophies that benefit both genders must be adopted.
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