In celebration of Women's Day, The Sandbox and Unstoppable Domains launched independent funds to promote diversity and boost the role of women within the crypto industry and Web3.
The metaverse blockchain The Sandbox and NFT domain platform Unstoppable Domains have launched separate funds, totaling $35 million in total, with the aim of boosting the role of women in the growing NFT industry. cryptocurrencies, .
The Sandbox has joined the NFT project World of Women, a crypto lesson of 10.000 women-inspired NFTs by artist Yam Karkai, to fund female inclusion initiatives, through education and mentorship. The blockchain metaverse has allocated 25 million to the newly created WoW Foundation, which will be awarded over the next 5 years.
In the case of Unstoppable Domains, the NFT domain platform has partnered with 65 companies to power a initiative which seeks to ensure access to Web3 for women around the world. Unstoppable Domains is allocating a $10 million grant to this initiative, which is supported by organizations and projects such as Blockchain.com, Google Cloud, Alchemy, Algorand, BlockFi, Decentraland, The Sandbox, Polygon, and Opensea, among others.
Both crypto projects want to promote and ensure diversity in the industry, helping to reduce the barrier to entry that currently exists for women.
Sandy Carter, SVP of Unstoppable Domains and founder of Unstoppable Women of Web3, said that female inclusion is a sign of innovation, creating opportunities for career and professional growth, investment and training for millions of women around the world.
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Inclusion and diversity in crypto and Web3
The WoW Foundation said the collaboration with The Sandbox will help it bring more women and diversity of thought to the crypto space, especially to the NFT, Metaverse and Web3. Thanks to a $25 million grant from The Sandbox, the World of Women project will be able to continue its mission of increasing women's representation in decentralized web spaces.
Yam Karkai, the digital illustrator and NFT artist who created WoW, has been pushing women into the center stage of the NFT space. Her World of Women crypto collection is one of the most successful in the digital industry, moving over 55.700 ETH (approximately $149 million) since its launch in the middle of last year.
Renowned artists, celebrities and businesswomen such as Eva Longoria y Reese Witherspoon, support this project of empowerment, inclusion and diversity.
World of Women has also collaborated with Billboard to launch NFT covers inspired by great artists such as Madonna y Cristina Aguilera. Recently, the highest sale of one of its NFTs was held at the auction house Christie's, for a total of 260 ETH, approximately $755.000 at the time of sale. Also, global auditing firm KPMG made its first investment in NFTs by acquiring one of the tokens from this crypto collection. The Woman #2681 was purchased by the Canadian subsidiary of this firm for a total of 25 ETH (about $70.000) earlier this month.
WoW Foundation: Education, Mentoring, and More
In The Sandbox, World of Women is launching interoperable avatars with the second season of its metaverse The Sandbox Alpha. In addition to this, the WoW Foundation announced the creation of a WoW Academy and University, as well as a virtual museum where different experiences can be carried out.
Through the University, the WoW Foundation will provide training and courses within The Sandbox metaverse. Those who successfully complete the educational programs will receive a certificate and diploma in NFT format, the Foundation said. Meanwhile, at the WoW Academy, the most experienced artists will act as tutors to provide advice and mentoring on The Sandbox and World of Women. The WoW Academy will also serve as a project incubator from which funding and grants will be allocated.
“With this grant, we will establish our mission in the metaverse, leading and supporting women in this new space”, said Yam Karkai, founder and artist of World of Women.
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