https://en.wikipedia.org/wiki/World_Blitz_Chess_Championship_2024

nope.

The goal is to improve the women's experience and make it more feasable as a career choice for the best women. Sometimes it gets controversial, even among women, but it's a noble idea until women and men are evenly represented in top tournaments.

Notable female players that reached near the level of the top men include Judit Polgar (Peak ranking : 8th worldwide) and Hou Yifan (Peak ranking 55th worldwide).

There is no physical gender/sex/whatever based reason why women underperform compared to men, so until societal/environmental factors change, trying to enable more women to reach higher levels with incentives seems good. They are not barred from the open category (which people mistakenly call "mens'" sometimes) , so they can choose which tourney they attend. Some "open" (I've now realised open can have two meanings, I am only referring to tourneys that can be played by any gender, not the opposite of invite based) tourneys even make a point to request the female world champ participate.

I've written lots about this in the past, but don't have much time now