UnicornDAO from the members of Pussy Riot raised $ 4.5 million

Cryptocurrency startup UnicornDAO attracted $ 4.5 million of investments to support NFT, created by representatives of sexual minorities and feminist movements.

According to the announcement on Twitter, the investors were ConsenSys Mesh, the creators of the Bored Ape Yacht Club collection Yuga Labs studio, singer Grimes, Polygon, artist Beeple and others.

Source: twitter.com

Representatives of UnicornDAO said that they have already invested about $ 1.4 million in undervalued NFT artists The funds will go to support artists who identify as women, as well as to support LGBTQ+ movements.

The UnicornDAO project itself, as described, aims to “help build infrastructure and mentoring for the feminist and queer blockchain revolution.”

“The primary mission of unicorn DAO is to attract creators to Web3, especially historically undervalued and underrepresented groups, and to provide them with the tools and space to expand their capabilities,” the description states.

In addition to supporting underrated artists, UnicornDAO also intends to:

• create value and bring profit to DAO participants;
• discover and promote talent in the early stages;
• create “non-clinking” cultural NFT moments;
• to spawn a queer utopia in the metaverse.

UnicornDAO was launched in March 2022 by Nadia Tolokonnikova, a member of Pussy Riot, a Russian feminist punk rock band, alongside John Caldwell and Rebecca Lamis.

For Pussy Riot, this is not the first NFT initiative. For example, earlier the Russian punk rock band sold an NFT fragment of its video “PANIC ATTACK” for 100 ETH (~ $ 175 thousand at the time of sale). The initial price at the auction was only 2 ETH, but a day later it rose to 100 ETH. The buyer was a user under the nickname @mondo. His offer differed from other bets at 33.3 ETH.

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