Women’s World: NFT Collection Releases Intellectual Property to Holders

World of Women stands out in the male-dominated non-fungible token (NFT) market, attracting ardent fans like actress Reese Witherspoon and investor Gary Vaynerchuk.

Now, the price and transaction volume of NFTs developed on Ethereum are increasing after releasing all intellectual property to holders. Meanwhile, the team behind the project is advancing plans to expand the NFT universe into film, TV, and more.

On Wednesday, the project created by artist Yam Karkai announced that it had selected veteran music executive Guy Oseary to represent World of Women in other media formats, including television, film, music, video games and consumer products.

Oseary also represents the popular NFT Boring Ape Yacht Club (BAYC) series, is known for managing Madonna and U2, and has previously led the Maverick brand. He and his co-star Ashton Kutcher are also major technology investors in Sound Ventures.

Oseary will work with DCA’s Aaron Berndtson and Eben Smith to bring World of Women to other formats. Additionally, World of Women has modified its commercialization rights to provide intellectual property to holders of 10,000 NFTs.

Previously, the project had “master” rights to sell the entire series, which has now been removed. World of Women’s intellectual property is now similar to Bored Apes’ intellectual property.

Market Reaction

The market reacted positively to the announcement. According to the CryptoSlam website, World of Women’s trading volume has grown by more than 1,168% in the past 24 hours to nearly $22 million.

Volumes for the series stood at $17.7 million as of Wednesday, surpassing the all-time high of $5.9 million set in August 2021.

In addition, the price of NFTs has skyrocketed, continuing the recent upward trend in collectibles. The project’s cheapest NFTs surged 89% to 7.5 ETH (or over $34,700) each.

Other celebrities who recently received World of Women NFTs include actress Eva Longoria and Grey’s Anatomy creator Shonda Rhimes.

That said, according to CryptoSlam, secondary sales of the series have surpassed $128 million since its July 2021 launch.

World of Women has inspired a wave of consecutive women-focused NFT projects, including NFT Boss Beauties (which disclose November with Marvel), Encryptas and Fierce.

Another project, Fame Lady Squad, was originally created by men posing as women, but after the controversy, handed control to important female holders in the community.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.

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