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The Sandbox donates $25 million to World of Women (WoW) for the WoW Foundation project

March 8, 2022 By Charles Thuo

Today, 8th March 2022, has been the best International Women’s Day for women especially those in the crypto space following The Sandbox's $25 million grant to the World of Women (WoW) to establish the WoW foundation.

World of Women has a unique NFTs collection of 10,000 works by female artists and the main goal is to increase the number of women in the NFT sector as well as promote equality, inclusivity, and diversity. The Sandbox plans to allocate funds for 5 consecutive years to the foundation to help it achieve its objectives.

World of Women has gained popularity within the NFT space and research that was published in November last year showed that female artists were responsible for 5% of all the NFT arts purchased in the last 21 months from then.  Additionally, it gained exposure after the February collaboration from actress Reese Witherspoon’s media company Hello Sunshine.

Women and the NFT world

Currently, Women are shaping the future of the NFT world after where they are using their NFTs to advance the Web3, NFT community, blockchain, and Crypto industry. For instance, a 13-year-old girl developed an NFT collection that earned over $4 million in sales.

World of Women avatar project is also planning to use all the 10,000 profile pictures to build 3D avatars, visible by investors during the alpha test (game’s open public pre-release), as well as enable the token holders to utilize their tokens within the Sandbox.

The World of Women foundation will launch an Academy incubator where projects and artists can select participants as well as establish a WoW Museum and WoW University in the online games where students can learn Web3 lessons and be awarded NFT diplomas. The WoW has been one of the most successful women NFT with almost $157 million in secondary trading.

The Sandbox Co-Founder and Chief Operating Officer, Sebastien Borget in a press release said:

 “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.”

In recent months, The Sandbox has continued to grow as it continues to increase the media coverage with more than 200 partnerships with businesses and celebrities like Snoop Dog, Atari, Adidas, and The Walking Dead.