The Sandbox (SAND) metaverse announced its partnership with nonfungible token (NFT) community World of Women, or WoW, to launch the WoW Foundation. A $25 million grant from The Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to amplify female representation in the NFT and metaverse spaces.
As a collection of “diverse and powerful" women sold on the Ethereum blockchain, World of Women shared with Cointelegraph that they aim to lower the barrier to entry for women in Web3.
"Our mission is to highlight and lift up as many female and underserved creators as possible, making the metaverse not just a landscape designed by men but rather one enriched with as much diversity of thought as possible."
This mission has four main pillars: uplift the ecosystem by supporting artists and funding projects; educate newcomers; give more visibility to women-centric causes and give back to charities. Via The Sandbox's grant, it also plans to support creators' journeys in Web3, from mentoring and funding their first mint to their first sale.
World of Women and The Sandbox intend to work together to create a series of interactive experiences via the WoW Foundation within the metaverse. Among these projects are the WoW Museum on a 2x2 Sandbox LAND, the WoW University, which provides free online lessons on how to get started with Web3, and The WoW Academy, which will serve as a mentoring and funding incubator.
Recently, The Sandbox acquired the most expensive WoW NFT at the time of purchase for 200 ETH, named Aurora, and made her the new “goddess” of The Sandbox. Yam Karkai, co-founder and artist of World of Women, revealed that WoW will be voxelizing all 10,000 NFTs "so that our entire community can join us" in the metaverse. These interoperable avatars will be accessible within The Sandbox's "Alpha, Season 2.
Additionally, WoW may be gearing up for film, TV and music opportunities, thanks to tech investor Guy Oseary who recently added World of Women to his NFT portfolio. WoW NFT holders have complete ownership and intellectual property rights over their assets, similar to the Bored Ape Yacht Club model.
Both The Sandbox and World of Women currently rank within the top 20 collections of all time in terms of trading volume on OpenSea. At the time of publication, WoW had traded 55,300 ETH, or $142.7 million, while The SandBox traded a volume of 156,200 ETH, or $403.2 million.