UnicornDAO has announced a $4.5 million funding round headed by ConsenSys Mesh, Yuga Labs, and others. The funding will be used to support women’s empowerment and LGBTQ-led Non-Fungible Token (NFT) activities, with participants hailing from all corners of the NFT market.
UnicornDAO members are encouraged to contribute both money and time to the DAO’s activities, with early investors receiving board seats, according to the press release.
UnicornDAO was founded in March 2022 by Nadya Tolokonnikova of Pussy Riot, together with John Caldwell and Rebecca Lamis. It calls itself “a feminist movement consisting of Web3 native people who are using Web3-based tools to create much-needed equality in the Web3 space.”
Who all took part in the movement?
Musicians Sia and Grimes, as well as NFT personalities Beeple and Gary Vaynerchuk, are among the DAO’s prominent members, with additional funding coming from the World of Women and Moonbirds NFT collections, Moonpay, Tribute Labs, Quantum, Flamingo DAO, The LAO, Wave Financial, Collab Currency, Polygon, and Yuga Labs of the Bored Ape Yacht Club. Yuga’s first external investment is UnicornDAO.
UnicornDAO has spent $1.4 million on works by under-represented groups in Web3 so far.
DAO is referred to as a decentralized autonomous organization that uses cryptocurrencies to organize, incentivize, and control group decision-making.
UnicornDAO extended its membership to the general public this week. On June 21, it will have an in-person launch event at NFT NYC in New York.
UnicornDAO also announced the formation of UnicornRiot, an organization committed to political organizing and funding for activist causes, with a concentration on reproductive rights in the United States, in keeping with Tolokonnikova’s advocacy.
