Free crypto domains to be distributed to all women in Abu Dhabi

According to a press release, the city hall and the Abu Dhabi Investment Office (ADIO) have partnered with NFT domain name provider Unstoppable Domains to provide free crypto domains to all women living in the UAE capital.

The move is aimed at educating and empowering women to participate in web3. Currently, 50% of small and medium-sized enterprises in the city are already owned by women. The Emirates hopes that the participation of women in the cryptocurrency segment of the country’s economy will help turn the UAE into a Middle Eastern crypto hub.

The benefits of female participation in the development of cryptocurrencies are being discussed a lot. Recently, a well-known investor Tim Draper said that as soon as women start using bitcoin en masse, its price will soar to $ 250 thousand.