Male-led metaverse companies received a higher share of total funding (90%) than women-led metaverse companies

 Male-led metaverse companies received a higher share of total funding (90%) than women-led metaverse companies (10%) in the past five years, signaling a gender gap in who is leading the metaverse.

Male-led metaverse companies received a higher share of total funding (90%) than women-led metaverse companies (10%) in the past five years, signaling a gender gap in who is leading the metaverse.  The gap becomes even more glaring when considering that, according to McKinsey data, women use the metaverse more than men for business and leisure. McKinsey’s data reveals that 60% of women have implemented more than two metaverse-related initiatives in their organizations.  Women are also 20% more likely to implement multiple metaverse initiatives. Companies in the top quartile for women on executive teams are more likely to have above-average profitability, according to McKinsey.  Lack of diversity in early-stage teams results in biases and faulty products. By 2025, Gartner predicts that 10% of the workforce will use virtual spaces regularly. By 2027, 25% of e-commerce retailers will implement a minimum of one proof of concept for tokenized assets using the metaverse.