Women Rise NFT: Digital art for women
The non-fungible token (NFT) space has been dominated by men in the past two years, but more women artists are launching new collections. Several projects have emerged with the aim of increasing diversity and bringing more women into the cryptocurrency and third-generation Internet (Web3) sector.
Women Rise is an NFT project that launched in November 2021 to coincide with the United Nations 16 Days of Activism campaign against gender-based violence, which ran from 25 November to 10 December.
Want to learn more about Women Rise NFT? Here we take a look at the concept behind the project and what factors will shape the Women Rise NFT forecast going forward.
What is Women Rise NFT?
The collection was created by visual artist Maliha Abidi and consists of 10,000 unique, randomly generated NFT art images. The images represent diverse women from around the world and include activists, artists, scientists, coders and more.
Through her art and books, Abidi has been advocating for social justice for over nine years. She has worked with organisations ranging from the UN and Malala Fund to Adobe and Google. Abidi’s second book, called Rise: Extraordinary Women of Colour Who Changed the World, launched on 4 November 2021 and has been included in giveaways for NFT collectors.
“Our mission is to build a community of like-minded people through this project, to give back to the community and to invite more women into the space. Also, to contribute to the representation of women in tech, in blockchain and in the NFT space so the current and the future girls and women in this space can see themselves be represented here,” the project’s website states.
The NFTs are ERC-721 tokens that sit on the Ethereum blockchain and are hosted on the InterPlanetary File System (IPFS). IFPS is a peer-to-peer protocol that blockchain-based projects use for storing and sharing data files.
NFT sales contribute to women’s empowerment funds. Of the 10,000 NFTs, 200 have been set aside for giveaways, marketing and team members.
The women in the images are composed using unique combinations of more than 453 hand-drawn traits. As with most NFT character projects, some of the NFTs are rarer than others based on their traits. There are 10 extremely rare NFTs in the collection that are portraits of inspirational women from around the world.
The initial NFT sale was launched on the OpenSea marketplace, and the collection is now also available on the Rarible marketplace. According to Rarible, at the time of writing, the Women Rise collection had a market capitalisation of $10.5m and a total traded volume of $16.4m, with the floor price at $1,000, or 0.37ETH, and the highest sale at $90,400. There was a total of 5,800 token holders.
The collection sold out on 13 January 2022 with all 10,000 NFTs minted. If you are looking for a Women Rise NFT prediction, the price in the future will likely depend on the popularity of the collection and the growth of NFTs as an investment asset.
A portion of the proceeds from the sale of each Women Rise NFT is allocated to organisations around the world that work on educating girls in marginalised communities.
The breakdown is as follows:
2.5% of sales went to the Malala Fund founded by Pakistani activist Malala Yousafzai at 25% sold;
7.5% of sales went to organisations supporting gender equality, education of girls and mental health at 75% sold; and
5% of royalties from secondary sales go to support the Rising Women club and the Activist club, which launched at the 60% sold milestone.
A few NFT holders were invited to join the Rising Women and Activist clubs, which are intended to meet each quarter virtually and in-person where possible.
The Rising Women club will promote women in the art, science and cultural spheres, while the Activist club will support the UN Sustainable Development Goals (SDG) and use its connections to collaborate with organisations, according to the project roadmap.
The UN’s 17 SDGs were adopted by all 193 member states in 2015 as part of the 2030 Agenda for Sustainable Development. The goals are a call to action recognising that ending poverty involves strategies to improve access to health care and education, reduce inequality and drive economic growth.
Women Rise is among the first NFT projects with a commitment to the SDGs. It aims to:
increase representation of women in the NFT space;
donate funds to causes that align with goals, such as supporting girls’ education and women’s rights; and
incorporate the goals into artwork. For example, the backgrounds of certain images will match the colours of the 17 goals.
Earlier this month, we held a Twitter Space with @WomenriseNFT in celebration of #WomensHistoryMonth!
— Ledger (@Ledger) March 16, 2022
Here's just some of what @Maliha_z_Art had to say about Women Rise's goals & ambitions.
???? Listen back to the rest of the Space here! https://t.co/MaBfp3ouWz pic.twitter.com/M15WKICtwl
As stated on the OpenSea listing, the Women Rise project’s ultimate goal is to “build the first school in the metaverse for the 258 million children around the world who have no access to education. 129 million of them are girls”.
Recent Women Rise NFT developments
When the NFT sales reached 50% of the total collection, the Women Rise project gave away 130 signed copies of Abidi’s book and 130 art prints to holders of the NFTs they own.
In addition to trending on the OpenSea marketplace in January, an NFT from the collection was displayed on a screen at the NFT Paris event in January.
In late January, the Women Rise short-story competition was launched which distributed a special airdrop to three winners and offered the chance to get involved with future partnerships.
In the latest project news, Women Rise has made a slew of partnership and donation announcements. On 4 February, a new collection of 5 NFTs was launched to celebrate black women during Black History month in the US, with 100% of the proceeds supporting a small business and three grassroots organisations in the black community.
On 10 February 2022, Women Rise donated 13ETH, equivalent to around $42,000, to The Pad Project, which works to eliminate period poverty globally.
Later in the month, the project announced that it would participate in the International Women’s Month exhibition on 17 March at the Adidas flagship store in London. The project’s first meetup was held in London on 12 February.
Women Rise was selected in mid-February to receive mentorship from US businesswoman Randi Zuckerberg’s new creator accelerator groupHUG, alongside the women-led Boss Beauties, Curious Addys, and Women and Weapons projects.
Later in February, Women Rise donated 13.1ETH to non-profit group Girl Effect, which uses media and technology to educate girls. On 1 March, Women Rise was announced as one of the launch partners for the Coinbase NFT marketplace.
Some of the images from the NFTs were displayed at the SXSW festival in Austin, Texas in March 2022.
FAQs
Is Women Rise NFT a good investment?
NFTs are relatively new investment assets that can experience extreme price volatility. You should do your own research to decide whether investing in the Women Rise NFT collection is the right choice for your investment portfolio. Consider your risk tolerance and how much you can afford to invest, keeping in mind that you could lose all the money if the NFT price goes to zero.
What is the future of Women Rise NFT?
The future of Women Rise NFTs will depend on, among other factors, the popularity of the collection on the NFT market and the adoption of NFTs by the wider investment community.
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