Two of the most prominent Ethereum NFT projects form a powerful alliance. The Sandbox, a crypto metaverse game announced a partnership with the NFT profile picture project titled World of Women, which will now have the gaming project provide a sum total of $25 million in grant funds to found the WoW Foundation.
The Wow Foundation is an initiative by the World of Women with the aim of welcoming more women into the NFT space as well as burgeoning the metaverse by way of education and mentorship. The Sandbox will deliver the funds over a course of 5 years in order to support the foundation in completing its objectives, many of which are tied into The Sandbox’s game world.
As an example, the WoW Foundation shall create 3D avatars based on all 10,000 World of Women profile pictures, each complete with their own respective holders, which they can then use within The Sandbox. As of right now, some of these avatars can even be seen during the game’s pre-release “alpha” test, which provides a small sampling of the game world that can be tried out.
The foundation is also set to build a WoW Museum in the online world of The Sandbox, as well as launch a WoW University within the game, one that offers educational Web3 lessons accompanied with NFT diplomas for students. It will also focus on creating a WoW Academy incubator for artists and projects and will include potential funding, mentorship, and networking available for selected participants.
“When [The Sandbox] approached us with this initiative, one so close to our own values and ethos, we jumped on the opportunity,” said a World of Women representative. “We are humbled and excited to work with such a great team who shares our strong beliefs about why it’s so important to invest in and lift female voices.”
Despite an incredibly important initial focus on The Sandbox, it’s suggested by a press release that the WoW Foundation will be working in “different sub-sectors within the blockchain world.” The funds, however, must be used on initiatives that “”carry the same objective to further invest in women in the space, building long-term and equitable growth and opportunities in the industry.”
World of Women is, hands down, the most successful women-centric NFT project, to date. It has nearly $157 million in secondary trading volume to date, as well. It’s also managed to attract notable fans like acclaimed actors Reese Witherspoon and Eva Longoria. In fact, Witherspoon’s Hello Sunshine production studio also just recently made announcement plans to bring the project to Hollywood by way of TV shows and film projects.
The Sandbox has meanwhile seen a substantial increase in attention in recent months as the metaverse hype has experienced a surge. That would be thanks in no small part to Facebook’s prominent moves within the space.
The Sandbox gives players the ability to buy and customize virtual land within the game, allowing them the freedom to create environments that are interactive in nature on top of game experiences that can be shared, and monetized, even. Moreover, the game has partnerships with more than a total of 200 brands and celebrities to date, including but not limited to Snoop Dogg, Adidas, The Walking Dead, and even Atari.
The Sandbox is looking at the possibility of a full-scale launch later this year after a bunch of additional alpha test periods and is without a doubt one of the first notable examples of what a metaverse space could tend to both look and feel like.
Their rival is Decentraland, an Ethereum-based space, and both of them are experiencing a surge in demand for virtual land plots, which are sold as NFTs. This has been since late last year.