Crypto and NFTs are important for women and girls to be aware of because they represent a road to financial independence.
NFTs are digital tokens that can be used to show who owns a specific item. We can tokenize assets like artwork, valuables, and even property investment with them. They can only have one legitimate owner at a time, and the Ethereum blockchain protects them, meaning no one can alter the ownership records or create a new NFT.
A token that is not fungible is referred to as a “non-fungible token.” Non-fungible is a term used in economics to describe goods such as furniture, audio files, and computers. Some commodities cannot be swapped with other items due to their distinct characteristics.
One may be made or mint by anybody with a basic understanding of digital art. Collectors resell NFTs as soon as they become available on the market, usually at exorbitant rates. On average, one of the 10,000 CryptoPunks (which are thought to represent the original NFT collection) sells for roughly 110 Ethereum, or over $450,000.
The traditional art market is being challenged by the digital network market for non-fungible tokens, or NFTS. Despite the rise of blockchain-based electronic artwork, many of today’s most sought-after NFTS are created by males.
While there is no data on the ratio of male to female NFT artists, statistics reveal that women are considerably less interested in the crypto industry than men. In the United States, more than two-thirds of crypto investors are men, with around 60% of them being caucasian – a gender divide that is even more pronounced in other investments.
Women artists are now establishing NFT initiatives to demonstrate female engagement while also seeking to recruit more women to the crypto sector, which is worth noting.
To address the gender gap, an increasing number of female creators, investors, and enthusiasts are turning to cryptocurrency and non-fungible tokens (NFTs). For example, our Women Own Crypto program intends to open up a slew of new possibilities.
One of our goals is to encourage women to take advantage of the different options available in NFTS as consumers spend more time in the metaverse, which is the digital world of gaming, buying, and socializing where we portray ourselves through avatars.
We want to give women that haven’t been able to invest in or traditionally market their art an opportunity to do so in the foreseeable future. On Opensea, we have a number of collections. Our website, www.WomenOwnCrypto.com, contains links.