What is the World of Women NFT Collection?

The World of Women NFT project celebrates representation, inclusivity, and opportunity for all. Learn more about this NFT project!

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A new project breaking into the non-fungible token (NFT) scene is World of Women (WoW), an NFT initiative where “aesthetics of culture meets the beauty of women.” 

Lots of NFT art is viewed as an investment for artists and buyers to create and buy for some future profit. But the WoW project aims to accomplish some long-term humanitarian goals as well.  

The WoW team managed to earn around $2M from the initial sellout, but they immediately reinvested 15% in crypto art, gave 5% to two charities (‘She’s the First’ and ‘Too Young to Wed’), and even put 2.5% toward hospital bills of one community member. 

Also, WoW charity-focused efforts also include continuous auctions, like one recently held to benefit Rockflower, an investment fund for female entrepreneurs in developing countries. WoW  managed to raise $49,000 for this effort. 

 

What is World of Women?

The World of Women NFT project is a collection of 10,000 original digital avatars presenting unique female images. At their release in July  2021, pieces of the collection were priced  at 0.07 ETH,  but in only two weeks, the project took in over $40 million. All the WoW collectibles are issued on the Ethereum blockchain as ERC-721 tokens, and they’re hosted on InterPlanetary File System (IPFS) protocol. 

 

Who created World of Women?

Women sitting at table having a discussion

The 10,000 special female avatars were created and drawn by Yam Karkai, a digital illustrator and NFT artist from the Middle East whose desire is to introduce women to the world of NFTs. According to Karkai, the message in WoW art is to visualize and explain different phases of today’s women’s lives.  

Before joining the NFT space, Karkai made ends meet by working primarily as a freelancer and relied on independent platforms such as Fiverr to find new clients. Once she heard of NFTs, she changed direction. 

Karkai’s journey from a freelance artist to the creator of WoW NFTs happened because she wanted to expose women’s wholeness and differences to the NFT space. She also wanted to encourage women to explore and invest in NFTs.

 

When did World of Women launch? 

World of Women was first released on July 27, 2021. The collection sold out in less than 10 hours, and its buyers included celebrities like Reese Witherspoon, Eva Longoria and Shonda Rhimes. 

On OpenSea, WoW recorded volume of more than 53,800 ETH and the floor (or lowest listed) prices for art pieces surpassed 9 ETH. The Canadian subsidiary of KPMG also made their first NFT purchase in this collection,  marking their entrance to the world of NFTs.  

 

What are World of Women humanitarian efforts? 

WoW recently partnered with Code Green, a technological non-profit organization that is focusing on green energy for a planet based on blockchain technology, NFTs, and the creative arts. This partnership was forged with the goal of directing communities to tackle social and ecological issues with unique ideas and principles.

WoW also managed a humanitarian NFT drop developed with the theme of ‘Women & Climate’. In February, this NFT drop topped 84 ETH. Of these proceeds, the 12 artists who created the project’s art gave 70% of the income generated to the Great Green Wall, an initiative that is focused on restoring the earth’s landscapes and improving the lives of millions of African people. Great Green Wall works to grow a tree-belt around 8000 kilometers all through Africa to better the lives of the women on the frontline of the climate crisis. 

 

The World of Women DAO 

Woman sitting reading her laptop

The WoW NFT project also involves a decentralized autonomous organization (DAO) for investors and community members. Called DAWoW, a DAO for World of Women, the group enables NFT token holders to vote on the future of the World of Women project. From future art and project features to various charitable efforts supported by the community, the DAWoW will have a voice on these issues.

Each WoW art piece gives exactly one vote, and, according to the WoW, tokens from the second collection will provide lower voting power. At the time of writing, more than 5,300 individuals own WoW tokens. New investors interested in joining the DAO can still acquire tokens through sporadic auctions.  

 

Browsing World of Women NFTs with FTX 

World of Women NFTs were auctioned on the FTX NFT marketplace.  

Part of the profits are allocated to support various non-profit organizations chosen by each of the auction’s stars (Madonna, Christina Aguilera and Mariah Carey). As an extra bonus, Billboard will take the new NFT owners to Los Angeles for the magazine’s Women in Music 2023 event. Explore the WoW collection and other NFT projects on FTX today!

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