A study, conducted by a research agency Art Tactic and reported by Bloomberg, claims at least 77% of the money generated by NFT art sales over the past 21 months went to male artists, with just 5% going to female artists. Moreover, Men are 46 percent more likely to know the correct definition of NFTs compared to women. Concurrently, women are 36 percent more likely to be unsure of the definition of NFTs compared to men. These are stats that the feminist NFT community, FEMI, are trying to change.
FEMI is an online community that creates a safe and educational space for women who are unsure of the best path to take when entering the metaverse. FEMI, which has a social following of over 20,000 people across Twitter and Instagram, will promote the young artists to their audience and will launch certain lucky collections under the FEMI umbrella. The project is creating an incubator programme for young female artists to help with their Social Media strategy, Press Releases, selecting an NFT marketplace, the Brand, the Message, the Pricing and setting up a Community. These are all essential pillars of successful digital artists in 2022.
FEMI have created their own sold-out collection called “Vulva’s” – and are currently selling for over $1,500 apiece on the NFT marketplace OpenSea. The Vulvas are named after 50 iconic female leaders from the past century.
The group plans to release a second collection later this year with 20% of the profits going towards the incubator programme. The group are hoping to replicate their success. If you are a female creative who wants to be considered for the incubator programme join the FEMI discord channel. Alternatively, if you do not have access to Discord reach out to FEMI on their Social channels twitter.com/feminft or instagram.com/feminft/and someone will help direct you. FEMI plan to create a long term network of female artists, moderators and leaders over the next decade.