Pussy Riot Founder’s UnicornDAO has raised $4.5 million to empower women and LGBTQ+ artists. Founded by Pussy Riot’s founding member Nadya Tolokonnikova, the DAO collects NFTs from women-identified and LGBTQ+ people. But first—what is UnicornDAO and who participated in its latest 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 others. MoonPay, World of Women, Tribute Labs, Quantum, Flamingo DAO, and The LAO also joined the fundraising. In addition, digital artist Beeple, musicians Grimes and Sia, entrepreneur Guy Oseary, and Gary Vaynerchuk are some of the others who participated in the funding round.
So far, the DAO has collected works worth $1.4 million from under-represented sections in Web3. Recently, Grimes, who joined the DAO’s board, also donated her music video, “New Gods” to the DAO.