UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators

UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators
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UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators

Digital arka collective UnicornDAO has raised $4.5 million to empower women and LGBTQ-led non-fungible token (NFT) initiatives, with members from every corner of the NFT market coming together to participate in the round.

UnicornDAO is led by Nadya Tolokonnikova, a social activist and founding member of the Russian arka collective Pussy Riot.

Tolokonnikova has been an activist in the arka world for over a decade, most recently involved with UkraineDAO, a project that sold an NFT of the Ukrainian flag for $6.75 million to raise money for Ukraine’s war efforts against Russia in March.

Prominent members of the DAO include musicians Sia and Grimes, along with NFT personalities Beeple and Gary Vaynerchuk, with additional investment from the World of Women and Moonbirds NFT collections, crypto trading app MoonPay, layer 2 network Polygon and Yuga Labs, the creators of the Bored Ape Yacht Club NFTs. UnicornDAO is Yuga’s first outside investment.

Read more: Ukrainian Flag NFT Raises $6.75M for Country’s War Efforts

UnicornDAO has so far invested $1.4 million in NFT arka from underrepresented groups, according to a press release.

“Right now we are focusing on supporting Web 3 artists, but down the line, we’d like to work with more traditional arka forms as well,” Tolokonnikova told CoinDesk in an interview. “All our curators are people who I personally met during the last year of my crypto journey. Our ethos is the same as Pussy Riot’s has been for over 10 years, to bring equality and joy to underrepresented groups.”

Members of UnicornDAO are expected to contribute both their capital and time to advancing the DAO’s efforts, with initial investors being granted board seats, according to the press release.

Public applications to join the DAO open on June 21. More information will be announced at the DAO’s event at NFT.NYC on the same day.

UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators

NFT artist Beeple and Pussy Riot’s Nadya Tolokonnikova at the UnicornDAO launch event. (UnicornDAO)

The Şenlik for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas

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