UnicornDAO Announces $4.5M in Funding to Empower Women and LGBTQ Creators

UnicornDAO Announces $4.5M in Funding to Empower Women and LGBTQ Creators

UnicornDAO, a digital arts collective, has raised $4.5 million in funding..
May 20, 2022

The DAO is led by Nadya Tolokonnikova of Russian art collective Pussy Riot and includes Beeple, Grimes and Gary Vaynerchuk.

UnicornDAO, a digital arts collective, has raised $4.5 million in funding to empower women and LGBTQ-led non-tradable token (NFT) initiatives, and participants come from all corners of the NFT market.

UnicornDAO is led by social activist and founding member of Russian art collective Pussy Riot, Nadya Tolokonnikova. Tolokonnikova has been an arts activist for over a decade with UkraineDAO, a project that has raised $6.75 million for Ukraine's military effort against Russia by selling the latest Ukrainian flag's NFT.

Musicians Sia and Grimes, and NFT personalities Beeple and Gary Vaynerchuk are among the DAO's leading members, with additional funding from World of Women and Moonbirds NFT collections, crypto trading app MoonPay, blockchain network Polygon, and Yuga Labs. Creators of Bored Ape Yacht Club NFTs.

According to a press release, UnicornDAO has invested $1.4 million in NFT art from underrepresented communities.
“We are currently focusing on helping Web 3 artists,” Tolokonnikova told CoinDesk in an interview. But we also want to work with more traditional creative genres in the future.” “All of our curators are people I met in the last year of my crypto journey. Our spirit is with Pussy Riot, which has brought equality and joy to underrepresented communities for over a decade.”

According to the press release, UnicornDAO members are expected to contribute money and time to DAO activities, and early investors will take board seats.

The DAO now accepts general applications. More details will be revealed during the DAO's NFT.NYC event on June 21.

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