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Blockchain sector drives female participation through funding and education

Blockchain companies are seeking out women-led teams for funding rounds to help close the financial gender gap, but will this suffice?
While it’s encouraging to see that the number of female crypto investors is on the rise, women…

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Blockchain companies are seeking out women-led teams for funding rounds to help close the financial gender gap, but will this suffice?

While it’s encouraging to see that the number of female crypto investors is on the rise, women participation within the blockchain technology sector remains low. 

This was recently confirmed in a report from the World Economic Forum, which found that the COVID-19 pandemic has pushed back gender parity by an entire generation. Vesselina Ratcheva, new economy and society lead for the World Economic Forum, further told Cointelegraph that women indeed remain a minority in the blockchain industry.

Funding of women-led blockchain projects

Fortunately, a number of new funding initiatives are being offered to drive female participation within the blockchain sector. This is especially important, as recent findings indicate that in Q3 of last year, venture funding for female founders hit its lowest quarterly total in three years.

In order to solve this ongoing challenge, Sperax, a decentralized finance protocol, has partnered with leading blockchain companies to provide grants for women-led projects.

Frida Cai, a partner at Sperax, told Cointelegraph that Sperax’s Lifted Grant Series is a year-long effort designed to support women in blockchain. Cai explained that the program runs on a quarterly basis and comprises four phases, each of which focuses on specific blockchain use cases:

“As a female in the blockchain industry, I want to help more women get involved. This grant series exists because women’s perspectives should be heard by a larger audience.”

Alec Shaw, director of business development at Sperax, told Cointelegraph that 116 applicants from seven countries applied for phase one of Lifted, which was sponsored by investment firm Polyient Capital. Three projects innovating in the DeFi and NFT spaces have received up to $15,000 in funding.

Renita Murimi, founder and CEO of WildChain — an NFT marketplace for zoos and sanctuaries looking to buy, sell and trade animals for conservation purposes — was selected as a phase-one winner. Murimi told Cointelegraph that opportunities like Lifted are significant steps for bringing women into the blockchain sector:

“The biggest challenge has been the availability of funding. And so, I am especially grateful for the Lifted grant. The entire team at Sperax have sponsored an incredibly helpful source of mentorship and funding for women in blockchain.”

Blockchain companies want to fund women-led startups

Although Murimi speaks from experience, the World Economic Forum has also found the gender financing gap to be one of the most persistent problems when it comes to entrepreneurship. As such, it’s encouraging to see that specific blockchain companies are now seeking out women-led teams for capital allocation. Eric Kapfhammer, chief operating officer and head of Polyient Capital, told Cointelegraph:

“As we looked across the blockchain industry, it seemed striking that there was such a disparity in gender, particularly in engineering and product management roles. As a successful participant in the broader ecosystem, we want to be doing our part to help provide opportunities and support to help address this issue.”

In addition to Polyient Capital, Oasis Network — a privacy-focused blockchain for DeFi projects — will sponsor the second phase of the Lifted grant series. Jorge Cueto, product manager and developer relations at Oasis Foundation, told Cointelegraph that it will offer grants worth up to $50,000 for projects that launch a stablecoin on the Oasis Network. According to Cueto, Oasis is heavily focused on supporting projects that are led by women:

“We believe that fostering a more diverse and inclusive blockchain industry will lead to more innovation and growth across the industry as a whole. The Oasis and Sperax teams are both proudly led by women, and we share a common mission to empower women in the blockchain space.”

Cueto noted that the Sperax grant initiative will ultimately encourage more women to enter the blockchain space because it sends a clear message that dedicated resources are being allocated to support women.

Male and female collaboration is highly encouraged

It’s also important to point out that both female and male collaboration is being encouraged through grant initiatives aimed toward women-led companies.

For instance, although teams must be female-led to participate in Sperax’s grant series, Cai mentioned the importance of males being a part of these teams. “All of the applications we’ve received so far have been from women, but we are also encouraging men to participate,” she said.

Recent data further validates this, noting that funding for companies with both a male and female co-founder has tracked more consistently above $20 billion each year since 2017. Findings also show that from 2017 onward, only 6% of venture capital rounds were in female-only founded companies, while 13% was allocated to female and male co-founded teams.

Education is needed to drive women participation in blockchain

In addition to grant opportunities for women-led teams, educational initiatives are also being offered to bring women into the blockchain space.

For example, SheFi, a decentralized finance educational program for women, is currently accepting applications for its 2021 winter cohort program. Maggie Love, founder of SheFi, told Cointelegraph that through these free monthly programs, a number of women will learn about DeFi projects, as well as concepts on how to use different DeFi applications.

Programs like this are crucial, especially when it comes to DeFi adoption. Data from CoinGecko recently found that DeFi users are mainly male, with more than half being between the ages of 20 and 40 years old.

According to Love, the financial literacy gap must be reduced in order to get more women involved in DeFi. She further shared that DeFi enables financial freedom, which initially attracted her to the sector:

“I was empowered by the fact that I didn’t have to belong to Wall Street to build and accumulate wealth, and I started learning about the different projects. However, while the innovations in DeFi make it an incredibly exciting time to be part of the crypto scene, there’s a lack of women participating in and benefitting from DeFi.”

Although this is the case currently, it’s important to remember that DeFi is still a niche industry. Therefore, it’s positive to see that there are opportunities available to women this early on.

Love noted further: “The number of women in crypto and DeFi is growing as well as the use of both crypto and DeFi. It’s positive to see a lot of teams who are committed to getting more women into the space.”

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Simple blood test could predict risk of long-term COVID-19 lung problems

UVA Health researchers have discovered a potential way to predict which patients with severe COVID-19 are likely to recover well and which are likely to…

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UVA Health researchers have discovered a potential way to predict which patients with severe COVID-19 are likely to recover well and which are likely to suffer “long-haul” lung problems. That finding could help doctors better personalize treatments for individual patients.

Credit: UVA Health

UVA Health researchers have discovered a potential way to predict which patients with severe COVID-19 are likely to recover well and which are likely to suffer “long-haul” lung problems. That finding could help doctors better personalize treatments for individual patients.

UVA’s new research also alleviates concerns that severe COVID-19 could trigger relentless, ongoing lung scarring akin to the chronic lung disease known as idiopathic pulmonary fibrosis, the researchers report. That type of continuing lung damage would mean that patients’ ability to breathe would continue to worsen over time.

“We are excited to find that people with long-haul COVID have an immune system that is totally different from people who have lung scarring that doesn’t stop,” said researcher Catherine A. Bonham, MD, a pulmonary and critical care expert who serves as scientific director of UVA Health’s Interstitial Lung Disease Program. “This offers hope that even patients with the worst COVID do not have progressive scarring of the lung that leads to death.”

Long-Haul COVID-19

Up to 30% of patients hospitalized with severe COVID-19 continue to suffer persistent symptoms months after recovering from the virus. Many of these patients develop lung scarring – some early on in their hospitalization, and others within six months of their initial illness, prior research has found. Bonham and her collaborators wanted to better understand why this scarring occurs, to determine if it is similar to progressive pulmonary fibrosis and to see if there is a way to identify patients at risk.

To do this, the researchers followed 16 UVA Health patients who had survived severe COVID-19. Fourteen had been hospitalized and placed on a ventilator. All continued to have trouble breathing and suffered fatigue and abnormal lung function at their first outpatient checkup.

After six months, the researchers found that the patients could be divided into two groups: One group’s lung health improved, prompting the researchers to label them “early resolvers,” while the other group, dubbed “late resolvers,” continued to suffer lung problems and pulmonary fibrosis. 

Looking at blood samples taken before the patients’ recovery began to diverge, the UVA team found that the late resolvers had significantly fewer immune cells known as monocytes circulating in their blood. These white blood cells play a critical role in our ability to fend off disease, and the cells were abnormally depleted in patients who continued to suffer lung problems compared both to those who recovered and healthy control subjects. 

Further, the decrease in monocytes correlated with the severity of the patients’ ongoing symptoms. That suggests that doctors may be able to use a simple blood test to identify patients likely to become long-haulers — and to improve their care.

“About half of the patients we examined still had lingering, bothersome symptoms and abnormal tests after six months,” Bonham said. “We were able to detect differences in their blood from the first visit, with fewer blood monocytes mapping to lower lung function.”

The researchers also wanted to determine if severe COVID-19 could cause progressive lung scarring as in idiopathic pulmonary fibrosis. They found that the two conditions had very different effects on immune cells, suggesting that even when the symptoms were similar, the underlying causes were very different. This held true even in patients with the most persistent long-haul COVID-19 symptoms. “Idiopathic pulmonary fibrosis is progressive and kills patients within three to five years,” Bonham said. “It was a relief to see that all our COVID patients, even those with long-haul symptoms, were not similar.”

Because of the small numbers of participants in UVA’s study, and because they were mostly male (for easier comparison with IPF, a disease that strikes mostly men), the researchers say larger, multi-center studies are needed to bear out the findings. But they are hopeful that their new discovery will provide doctors a useful tool to identify COVID-19 patients at risk for long-haul lung problems and help guide them to recovery.

“We are only beginning to understand the biology of how the immune system impacts pulmonary fibrosis,” Bonham said. “My team and I were humbled and grateful to work with the outstanding patients who made this study possible.” 

Findings Published

The researchers have published their findings in the scientific journal Frontiers in Immunology. The research team consisted of Grace C. Bingham, Lyndsey M. Muehling, Chaofan Li, Yong Huang, Shwu-Fan Ma, Daniel Abebayehu, Imre Noth, Jie Sun, Judith A. Woodfolk, Thomas H. Barker and Bonham. Noth disclosed that he has received personal fees from Boehringer Ingelheim, Genentech and Confo unrelated to the research project. In addition, he has a patent pending related to idiopathic pulmonary fibrosis. Bonham and all other members of the research team had no financial conflicts to disclose.

The UVA research was supported by the National Institutes of Health, grants R21 AI160334 and U01 AI125056; NIH’s National Heart, Lung and Blood Institute, grants 5K23HL143135-04 and UG3HL145266; UVA’s Engineering in Medicine Seed Fund; the UVA Global Infectious Diseases Institute’s COVID-19 Rapid Response; a UVA Robert R. Wagner Fellowship; and a Sture G. Olsson Fellowship in Engineering.

  

To keep up with the latest medical research news from UVA, subscribe to the Making of Medicine blog at http://makingofmedicine.virginia.edu.


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Looking Back At COVID’s Authoritarian Regimes

After having moved from Canada to the United States, partly to be wealthier and partly to be freer (those two are connected, by the way), I was shocked,…

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After having moved from Canada to the United States, partly to be wealthier and partly to be freer (those two are connected, by the way), I was shocked, in March 2020, when President Trump and most US governors imposed heavy restrictions on people’s freedom. The purpose, said Trump and his COVID-19 advisers, was to “flatten the curve”: shut down people’s mobility for two weeks so that hospitals could catch up with the expected demand from COVID patients. In her book Silent Invasion, Dr. Deborah Birx, the coordinator of the White House Coronavirus Task Force, admitted that she was scrambling during those two weeks to come up with a reason to extend the lockdowns for much longer. As she put it, “I didn’t have the numbers in front of me yet to make the case for extending it longer, but I had two weeks to get them.” In short, she chose the goal and then tried to find the data to justify the goal. This, by the way, was from someone who, along with her task force colleague Dr. Anthony Fauci, kept talking about the importance of the scientific method. By the end of April 2020, the term “flatten the curve” had all but disappeared from public discussion.

Now that we are four years past that awful time, it makes sense to look back and see whether those heavy restrictions on the lives of people of all ages made sense. I’ll save you the suspense. They didn’t. The damage to the economy was huge. Remember that “the economy” is not a term used to describe a big machine; it’s a shorthand for the trillions of interactions among hundreds of millions of people. The lockdowns and the subsequent federal spending ballooned the budget deficit and consequent federal debt. The effect on children’s learning, not just in school but outside of school, was huge. These effects will be with us for a long time. It’s not as if there wasn’t another way to go. The people who came up with the idea of lockdowns did so on the basis of abstract models that had not been tested. They ignored a model of human behavior, which I’ll call Hayekian, that is tested every day.

These are the opening two paragraphs of my latest Defining Ideas article, “Looking Back at COVID’s Authoritarian Regimes,” Defining Ideas, March 14, 2024.

Another excerpt:

That wasn’t the only uncertainty. My daughter Karen lived in San Francisco and made her living teaching Pilates. San Francisco mayor London Breed shut down all the gyms, and so there went my daughter’s business. (The good news was that she quickly got online and shifted many of her clients to virtual Pilates. But that’s another story.) We tried to see her every six weeks or so, whether that meant our driving up to San Fran or her driving down to Monterey. But were we allowed to drive to see her? In that first month and a half, we simply didn’t know.

Read the whole thing, which is longer than usual.

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The hostility Black women face in higher education carries dire consequences

9 Black women who were working on or recently earned their PhDs told a researcher they felt isolated and shut out.

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Isolation can make opportunities elusive. fotostorm via Getty Images

Isolated. Abused. Overworked.

These are the themes that emerged when I invited nine Black women to chronicle their professional experiences and relationships with colleagues as they earned their Ph.D.s at a public university in the Midwest. I featured their writings in the dissertation I wrote to get my Ph.D. in curriculum and instruction.

The women spoke of being silenced.

“It’s not just the beating me down that is hard,” one participant told me about constantly having her intelligence questioned. “It is the fact that it feels like I’m villainized and made out to be the problem for trying to advocate for myself.”

The women told me they did not feel like they belonged. They spoke of routinely being isolated by peers and potential mentors.

One participant told me she felt that peer community, faculty mentorship and cultural affinity spaces were lacking.

Because of the isolation, participants often felt that they were missing out on various opportunities, such as funding and opportunities to get their work published.

Participants also discussed the ways they felt they were duped into taking on more than their fair share of work.

“I realized I had been tricked into handling a two- to four-person job entirely by myself,” one participant said of her paid graduate position. “This happened just about a month before the pandemic occurred so it very quickly got swept under the rug.”

Why it matters

The hostility that Black women face in higher education can be hazardous to their health. The women in my study told me they were struggling with depression, had thought about suicide and felt physically ill when they had to go to campus.

Other studies have found similar outcomes. For instance, a 2020 study of 220 U.S. Black college women ages 18-48 found that even though being seen as a strong Black woman came with its benefits – such as being thought of as resilient, hardworking, independent and nurturing – it also came at a cost to their mental and physical health.

These kinds of experiences can take a toll on women’s bodies and can result in poor maternal health, cancer, shorter life expectancy and other symptoms that impair their ability to be well.

I believe my research takes on greater urgency in light of the recent death of Antoinette “Bonnie” Candia-Bailey, who was vice president of student affairs at Lincoln University. Before she died by suicide, she reportedly wrote that she felt she was suffering abuse and that the university wasn’t taking her mental health concerns seriously.

What other research is being done

Several anthologies examine the negative experiences that Black women experience in academia. They include education scholars Venus Evans-Winters and Bettina Love’s edited volume, “Black Feminism in Education,” which examines how Black women navigate what it means to be a scholar in a “white supremacist patriarchal society.” Gender and sexuality studies scholar Stephanie Evans analyzes the barriers that Black women faced in accessing higher education from 1850 to 1954. In “Black Women, Ivory Tower,” African American studies professor Jasmine Harris recounts her own traumatic experiences in the world of higher education.

What’s next

In addition to publishing the findings of my research study, I plan to continue exploring the depths of Black women’s experiences in academia, expanding my research to include undergraduate students, as well as faculty and staff.

I believe this research will strengthen this field of study and enable people who work in higher education to develop and implement more comprehensive solutions.

The Research Brief is a short take on interesting academic work.

Ebony Aya received funding from the Black Collective Foundation in 2022 to support the work of the Aya Collective.

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