World of Women (WoW) is a juggernaut in the NFT space. One of the most critical community success stories, which began as a 10,000-edition PFP project aimed to provide women with a place within a "crypto bro" dominated ecosystem, has evolved into a highly well-known brand on the Web3 platform exploring a variety of exciting media ventures.
The company continues to draw attention. In January 2022, Guy Oseary, the talent manager that represents Madonna, U2, and other significant names, announced that he would be adding WoW to the impressive roster to assist in branding efforts and explore possibilities in the fields of television, film, and gaming, as well as music and consumer goods.
More NFT News: Latest NFT News
A month later, Reese Witherspoon announced that her production company, Hello Sunshine, would collaborate with WoW to broaden their reach to encompass a range of intellectual property types, including feature films and television series.
In the same month, co-founder of the project and artist Yam Karkai was requested to design unique magazine covers with artists such as Madonna, Mariah Carey, and Christina Aguilera to commemorate the 2022 Billboard Women in Music summit and event. For the final day of the month, World of Women NFT #5672 sold for 260 euros (PS567,000) in Christie's London Evening Sale on February 28.
They are the most high-profile events that generate high profits in every NFT project. What's the story behind how this all happened? To better understand the work WoW does, what it means to be a part of NFT, NFT communities, and the best way to be a part of this community, we've created an exhaustive guide to the vibrant and impactful project.
How can I get involved in what is the World of Women NFT project?
World of Women was initially a collectible NFT project that included 10,000 generative PFPs made accessible through OpenSea. They comprised 200 images that WoW founder and artist Yam Karkai created in pencil. The project, as Yam Karkai, the artist behind it, aims to create a diverse and inclusive community for everyone and encourage women to look into the possibilities Web3 offers.
Karzai is an illustrator digitally who entered the NFT space at the start of 2021 as a single edition NFT artist. She was drawn by Web3's ability to allow artists to create within the NFT space without having to deal with using third parties to secure work.
"I was so excited to find such a new and unique opportunity and path for artists to showcase their work, promote themselves, and get paid for their craft," Karkai shared in an interview with nft.
Karzai has been a long-time advocate of making her art empowering for women. She depicts them with vivid shades and elegant lines that create a feeling of fantasy in her artwork. The first NFT single-edition artist collection, women by Yam Women by Yam - Women shining in the limelight, was in many ways a precursor to the initial WoW collection.
It featured women drawn by hand in striking and vibrant colours. The collection is long gone out of stock but continues to be sold through the marketplace of secondhand sales, having racked up 76.9 Ethereum on OpenSea.
When it was becoming clear that the NFT growth of 2021 had been in full force, Karkai saw a chance to take her message more, shifting towards that PFP collector space. This was the moment the WoW of the present was birthed. "I knew that I wasn't the only one feeling and seeing that women and minorities were under-represented in this space," she declares. "I was hopeful that it would attract people like me and people that share the same thoughts and values."
This hope was very placed. It was a great success. The world of Women collection was made available on July 27, 2021. The collection sold out within 10 hours. A month later, WoW had done 745 ETH in trading volume. Now, the number stands at a staggering 70,802 Ethereum that, when we convert it using the current bear market rates, works up to more than 75 million dollars in volume.
The blue-chip NFT Project continues to expand. In March 2022, Karkai and WoW team members WoW team expanded their community's universe with the launch of World of Women Galaxy, an all-new collection of 22222 WoW NFTs, which were developed by using NFTs that were part of the original collection.
The new pieces "travelled through a portal to join the Galaxy," according to the project site growing and expanding as they went, ultimately appearing as new designs. WoW, Galaxy also includes 16 1/1 NFTs that Karki drew. WoW, Galaxy Collection also has 16 1/1 NFTs created by Karkai and not created and referred to as Champions or Guardians.
No one was surprised when the WoW second collection went on sale in only three days. It has a floor of 0.51 Ethereum and sold 28,000 ETH worth of trading, approximately $31 million as of the moment this article was written. Collectors who wish to purchase in the secondary market can browse the two WoW collections available on OpenSea, Nifty Gateway, LooksRare, Rarible, and Foundation.
Who invented the World of Women?
Although WoW is largely Yam Karkai's idea, she co-founded the venture with her friend Raphael Maavieille, NFT collector and influencer BBA, and Toomaie. The group has since grown by adding Dani Ton, Inna Modja, Julia Loiseau, Kashvi Parekh, and Yen.
What made the World of Women so well-known?
There are a few reasons that WoW became well-known. One reason was that in an NFT market where males predominantly dominate, many women searched for a project that could resonate with their needs. WoW is among the most prominent women-led projects within the NFT ecosystem.
It's probably performed better than any other project of integrating women into a Web3 space that, before its creation, was heavily skewed by gender patterns. The community was waiting for something like this to be born and give females a significant voice in the crypto world.
Another factor is that a variety of famous celebrities have joined the initiative and started using these PFPs for their own social media pages. Eva Longoria, Shonda Rhimes, Napheesa Collier, Reese Witherspoon, and many others have endorsed the project. Famous collection keeper Gary Vee has picked up fifteen NFTs across both collections. These events helped to increase awareness for people in the WoW community and firmly secure the fame it is currently enjoying.
Enhancing the impact of the project's culture and endurance is the ongoing support from Reese Witherspoon, a prominent advocate for NFTs and WoW's overall mission and vision. Witherspoon was so impressed by the project that in February 2022, she announced the launch of her company for production, Hello Sunshine, which will join forces with WoW to expand their world to include various IP types such as feature films and TV series.
"We're proud to partner with WoW to expand their universe of characters and to develop innovative scripted and unscripted content," Witherspoon stated of the partnership. "We look forward to engaging with the remarkable WoW community at every step of this partnership and creating opportunities for WoW holders to work collaboratively with Hello Sunshine on transforming the WoW art into powerful stories."
What benefits do World of Women NFTs provide?
Apart from the stunning artwork, the original WoW NFT members have access to numerous benefits in the community. First, they have their image and all rights to it, which means they can use it in any way they see suitable, including to use it for commercial reasons.
Holders were also eligible for exclusive airdrops through Worlds of Women Artdrops, a monthly partnership between WoW and established artists from the community. The collaborations with WoW were from seven "worlds" with varying themes, such as Night Realm, Golden Star, Rainbow Orb, and others, and were launched within "seasons." Each season, WoW teamed up with seven artists from the NFT area to commission seven exclusive NFT works based on WoW's themes for the world and its overall goal and vision.
The eight-season drop has ended. The Airdrops Project is suspended as the community reviews and votes on any changes to the project in the community's DAO, also known as the DAWoW.
Another advantage is that owning the original 800x800 pixel WoW NFT allows collectors access to the exclusive 4000x4000-pixel version that is the same work and allows them to create high-resolution prints and derivatives, or whatever they want. Owners of WoW NFT were in the running to win 100 physical prints framed and signed by Karki. They announced the winners shortly following the initial minting of this project.
The owners of WoW NFTs that have unique attributes can also take part in different clubs. One of them is the Curator's club, where every month, members choose an artist from their WoW Fund to purchase artwork. Participants who belong to the Royalties Club, of which there are just 19 eligible NFTs have access to a fund, whose earnings are divided equally among members of the club.
The funds are derived from 50% of the secondary sales made from WoW's first collection. Then, there's the Investor's Club, in which 50 percent of the profits made from The World of Women Fund are distributed among the members on an annual basis. The primary goal of the Wow Fund is to shine a light on artists' work within the community.
WoW, Galaxy NFTs have the same benefits and advantages, including invitations to a significant gala celebration scheduled for the summer of 2022. They also have access to exclusive channels within the project's Discord, allowlist and discounts on concert tickets, and much more. Like the original collection, WoW Galaxy NFT holders own their artwork in every way. Collectors are also able to contribute to the project's board of directors which is called the DAWoW.
The project team has also announced as-of-yet-undisclosed benefits to holders of NFTs from both collections, exclusive access to merchandise for Galaxy holders, surprise airdrops, and a metaverse version of WoW Galaxy NFT characters in the Sandbox.
What's coming up for the World of Women?
The Sandbox relationship is believed to be a positive indicator of where the game will go in the future. The WoW website claims it is "heavily investing in the metaverse," In March 2022, they announced a collaboration with The Sandbox to establish the WoW Foundation jointly.
The WoW Foundation will receive $25 million from the Sandbox for five years. It will use the funds to improve the representation of women in decentralized environments.
The foundation is founded on four core principles:
Helping charities give back and enhancing the ecosystem by supporting artists and projects.
Promoting greater visibility to causes focused on women.
Educating newcomers.
10% of the revenues generated by WoW Galaxy will be donated to the foundation.
The WoW Foundation will function as an incubator, offering mentoring and free online courses on Web3 subjects through The Sandbox, allowing participants to receive the "NFT diploma." The fund also allows participants to explore new business opportunities within The Sandbox's partners since The Sandbox is a subsidiary of Animoca Brands, one of the most active players on Web3, which is a huge business possibility.
"Through facilitating the education and funding of women's projects we hope these programs help establish a generation of influential women builders in the space," said Sebastien Borget, the co-founder of The Sandbox and its chief operating officer. The Sandbox, in a press announcement.
"As well as a virtual academy, there will be a WoW Museum in The Sandbox that will be a showcase for the WoW Foundation."
It is worth noting that the WoW universe is just one year old, but it has become an enormous cultural force within the NFT space. The WoW universe is also showing no sign that it is slowing.
A refreshing change of pace in a vibrant but unison NFT community, Yam Karkai and the team she has assembled have made a product to feel proud about. With the best of luck, it will continue to inspire women worldwide to create, build and make the most of opportunities in Web3.
Comments
Post a Comment