UnicornDAO Raises $4.5 Million to Assist Ladies and LGBTQ+ Artists

UnicornDAO Raises $4.5 Million to Support Women and LGBTQ+ Artists

UnicornDAO introduced in the present day the elevate of $4.5 million led by ConsenSys Mesh, Bored Ape Yacht Membership creators Yuga Labs, and others. The funds will go towards supporting artists who determine as girls and/or LGBTQ+.

Launched in March 2022 by Pussy Riot’s Nadya Tolokonnikova alongside John Caldwell and Rebecca Lamis, UnicornDAO calls itself “a feminist motion that consists of Web3 native people who find themselves utilizing Web3-based instruments to create much-needed equality within the Web3 area.”

“We’re blissful to help UnicornDAO’s mission to fund companies and buy NFTs created by girls and LGBTQ+ individuals to assist onboard new creators to Web3,” Nicole Muniz, CEO at Yuga Labs stated in a press release. She added that Yuga Labs might be donating its seat within the UnicornDAO to a girl or LGBTQ+ chief within the area who might not have the ability to afford the price.

Becoming a member of within the elevate are MoonPay, World of Ladies, Tribute Labs, Quantum, Flamingo DAO, The LAO, Wave Monetary, Collab Foreign money, Polygon, and Massive Sky Companions, in addition to digital artist Mike Winkelmann (higher often called Beeple) and recording artist Sia. To this point, UnicornDAO has bought $1.4 million in works from under-represented teams in Web3.

UnicornDAO says the artwork funding fund redistributes wealth and visibility to create equality for women-identified and LGBTQ+ individuals on this planet and the digital artwork area.

Tolokonnikova stated UnicornDAO has the identical ethos as Pussy Riot—”to convey equality, justice, and pleasure to communities which have been traditionally underrepresented.”

On Sunday, recording artist Grimes donated the video for “New Gods” to the DAO, asserting that she had joined the UnicornDAO board.

A DAO, brief for decentralized autonomous group, is an internet group centered on a standard aim that makes use of a shared treasury, sensible contracts (packages that execute as soon as standards are met), and tokens for voting on proposals.

This week, UnicornDAO opened its membership to most of the people. It would maintain an in-person launch occasion on June 21 at NFT NYC in New York.

According to Tolokonnikova’s lifetime of activism, UnicornDAO additionally introduced the launch of UnicornRiot, a bunch devoted to political organizing and fundraising for activist causes, with a deal with reproductive rights in the USA.

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