World of Women and The Sandbox are partnering to create the “WoW Foundation,” which aims to amplify the representation of women in the non-fungible token (NFTs) and metaverse industries. The company will provide a five-year, $25 million grant to support this initiative through education and mentorship.
A foundation to help women in the metaverse
The Sandbox and World of Women (WoW) are partnering to launch a foundation aimed at amplifying the representation of women in the metaverse.
Through a collection of non-fungible tokens (NFTs) WoW is a community that represents inclusion and equal opportunity for all. As part of its creation, The Sandbox will provide a $25 million grant that will span five years.
“This partnership marks our intention to make a long-term investment in creating a diverse and inclusive space for women to thrive in the Web3 within our metaverse. By facilitating the education and funding of women’s projects, we hope these programs will contribute to the emergence of a generation of influential female builders in this space,” added Sebastien Borget, co-founder of The Sandbox.
As a continuation of this partnership, the WoW Foundation plans to create 3D avatars based on the 10,000 profile pictures of World of Women NFTs.
In addition to these creations, the foundation plans to create a museum and a university in the world of The Sandbox. The goal is to offer courses on Web 3 and to communicate to give visibility to women’s causes.
“We are excited to work with The Sandbox, which shares our strong beliefs about why it is so important to invest in and elevate women’s voices,”
said a World of Women representative.
The excitement of the metaverse and The Sandbox
The Sandbox has been getting a lot of attention lately. Indeed, the metaverse sector is attracting many brands and they want to acquire land to be the first to appeal to a new type of consumer.
In this respect, the company has established top partnerships with Adidas, Carrefour, Ubisoft, and Gucci.
Thanks to this notoriety, The Sandbox has raised nearly $93 million to accelerate its development and its number of monthly active users.
