Startup Unstoppable Domains Inc. has teamed up with 70 organizations to launch Unstoppable Women of Web3, a new diversity and education initiative announced today.

Unstoppable Domains is a nonfungible token domain name provider backed by investors that include Draper Associates and Boost VC. NFTs use blockchain technology to represent unique digital goods such as artwork, music or text, enabling people to buy, sell and trade them. Web3, in turn, refers to the emerging decentralized web built on the blockchain technology that underlies popular cryptocurrencies such as bitcoin and Ethereum. 

The startup enables users to purchase domain names that can be minted as NFTs on the blockchain. According to Unstoppable Domains, it supports more than 2 million registered domains.

Unstoppable Women of Web3 is a new diversity and education initiative focused on training the next generation of talent in the Web3 ecosystem. The initiative, which is backed by Unstoppable Domains and 70 other organizations, aims to equalize the playing field early in the Web3 ecosystem’s evolution. 

The participating organizations pledged to feature work created by historically marginalized groups in at least half the materials they use for Web3 education. Additionally, Unstoppable Domains said that it will distribute more than $10 million worth of NFT domains to support women.

Unstoppable Women of Web3 will encourage women to learn, participate and drive diversity in the Web3 community. The group’s initial focus areas include topics such as how to get started with Web3, the technology behind Web3 and the creator ecosystem.

“The future of Web3 is around a powerful value position to businesses and consumers,” said Sandy Carter, senior vice president of Unstoppable Domains and founder of Unstoppable Women of Web3. “Our goal is to ensure that diversity, which is a key indicator of innovation, is included in the fabric of the Web3 movement. With education, community, and mentoring, we’re lowering the barrier to entry for women and creating investment, job opportunities and training for millions of women around the world.”

Among the Unstoppable Women of Web3 initiative’s backers are theCUBE, consulting giant Deloitte, multiple nonprofits and Google LLC’s cloud computing business. The initiative is also backed by a long list of companies from the blockchain ecosystem. Those companies include startups such as Alchemy Insights Inc., a provider of tools for building blockchain applications that is valued at $10.2 billion. 

“The rise of Web3 technology presents an incredible opportunity to help connect this next generation of innovators with the tools and supportive networks they need to be a part of this rapidly changing space,” said Christin Brown, global financial services strategy and solutions lead at Google Cloud.

Image: Unstoppable Domains