UnicornDAO Raises $4.5M to Support Women, LGBTQ+ NFT Artists

Pussy Riot Founder’s UnicornDAO has raised $4.5 million to empower women and LGBTQ+ artists. Established by Pussy Riot’s founding member Nadya Tolokonnikova, the DAO collects NFTs from girls-recognized and LGBTQ+ persons. But first—what is UnicornDAO and who participated in its newest funding round?

About UnicornDAO’s $4.5 Million Fundraise

On Friday, May 20, UnicornDAO announced it has raised $4.5 million in a round led by ConsenSys Mesh, Yuga Labs, and many others. MoonPay, Globe of Girls, Tribute Labs, Quantum, Flamingo DAO, and The LAO also joined the fundraising. In addition, electronic artist Beeple, musicians Grimes and Sia, entrepreneur Man Oseary, and Gary Vaynerchuk are some of the many others who participated in the funding spherical. 

So significantly, the DAO has gathered is effective value $1.4 million from beneath-represented sections in Net3. Lately, Grimes, who joined the DAO’s board, also donated her music video, “New Gods” to the DAO.

What is UnicornDAO?

Nadya Tolokonnikova, just one of the founding users of  Russia’s political protest art collective, Pussy Riot, introduced UnicornDAO in March 2022. It is “a feminist movement that is made up of World wide web3 indigenous people today who are applying Website3-dependent instruments to create a great deal-needed equality in the Web3 space.”

In other phrases, the collective’s goal is to “redistribute wealth and visibility” to “create equality for females-recognized and LGBTQ+ people”. Ultimately, UnicornDAO’s mission is to “build the infrastructure for a feminist and queer revolution on blockchain”. Onboarding creators to World wide web3, “subverting crypto bro culture”, and setting up a best community for feminists x queers are also sections of its missions. 

To aid these missions, the DAO will acquire and show art made by females, non-binary, and LGBTQ+ creators. It will also fund the enterprises of these in the place. Other than, it will present the needed resources for undervalued and underrepresented groups to empower them selves. 

“Right now we are concentrating on supporting Website 3 artists, but down the line, we’d like to do the job with far more regular artwork sorts as properly,” Tolokonnikova instructed CoinDesk. “All our curators are persons who I individually met throughout the very last yr of my crypto journey. Our ethos is the very same as Pussy Riot’s has been for more than 10 many years, to carry equality and pleasure to underrepresented groups.”

Beeple, pussy riot, and other UnicornDAO members

How to Be part of UnicornDAO

It’s only been a handful of times given that UnicornDAO opened its membership to the public. On June 21, the DAO will hold a true-existence start function. Moreover, the organisation released UnicornRiot, a different team concentrating on organising and fundraising for activist causes. At present, the team focuses on reproductive rights in the US. 

Although UnicornRiot is cost-free to be a part of, you have to very first apply to be a part of UnicornDAO by paying out 50 ETH. As of now, the group only has a limited range of seats open up. If you desire to be a part of, you can apply on this connection

To conclude, UnicornDAO is a noteworthy enterprise in the male-dominated NFT area. Its a variety of initiatives to assistance of women of all ages and LGBTQ+ artists are significantly necessary in the sector.


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All investment/financial opinions expressed by NFT cable are not recommendations. This article is educational material. As always, make your own research prior to making any kind of investment.

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