$4.5m raised by UnicornDAO to support women and LGBTQ+ artists

UnicornDAO has announced a $4.5m fundraise led by Bored Ape Yacht Club creators and ConsenSys Mesh, among others.

The funds raised will go toward supporting artists identifying as women or LGBTQ+.

‘Pussy Riot’s’ Nadya Tolokonnikova launched UnicornDAO in March alongside Rebecca Lamis and John Caldwell.

The organisation called itself “a feminist movement that consists of Web3 native people using Web3-based tools to create much-needed equality in the Web3 space”.

“We are happy to support UnicornDAO’s mission to fund businesses and purchase NFTs created by women and LGBTQ+ people to help onboard new creators to Web3”, said Yuga Labs CEO Nicole Muniz.

Yuga Labs will be donating its seat in the UnicornDAO to either a woman or LGBTQ+ leader, or anyone who may not be able to afford the cost.

MoonPay, the crypto payment service, will join in on the raise, alongside World of Women, Flamingo DAO, Tribute Labs, Quantum, The LAO, Wave Financial, Collab Currency, Big Sky Partners and scaling solution Polygon.

Overall, so far, UnicornDAO has purchased $1.4m from groups seen as ‘under-represented’ in Web3.

The art investment aims to create equality and support for women-identified and LGBTQ+ people globally and in the digital art world.

Pussy Riot’s ethos aims “to bring equality, justice, and joy to communities that have been historically underrepresented”. Tolokonnikova stated that UnicornDAO will follow in the same footsteps to create a union.

Recording artist Grimes has announced her involvement on the UnicornDAO board alongside donating her video ‘New Gods’ to “help their mission to fund/develop female and non-binary lead art and projects”, she said in a tweet.

On June 21 at NFT NYC in New York, UnicornDAO will hold an in-person launch event, following opening its membership to the general public earlier this week.

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Updated: 05/23/2022 — 17:00