In celebration of International Women’s Day, Animoca’s metaverse brand The Sandbox is partnering with non-fungible token (NFT) collection World of Women to start a foundation. The Sandbox will commit $25 million to the foundation over five years to help more women get involved in the metaverse. The project will provide education and mentorship.
It is no news that the crypto industry is heavily dominated by men. A study conducted by research firm Art Tactic and reported by Bloomberg concluded that female artists created only 5% of sales in the NFT market while male artist creations accounted for 77% of sales (16% of sales had unknown artists and 2% were collectively created).
These patterns are not particular to the NFT industry. Another study funded by Williams College concluded that 85% of artists showcased in major American museums were men, and in addition, 87% were white.
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