Searching for new ways to stay relevant and nurture its long-standing holders, the NFT collection, World of Women (WoW) fosters its community with new initiatives focused on imaginative storytelling, award recognition, and educational opportunities.įirst launched in July 2021, by co-founder Yam Karkai, WoW has brought its original 10,000 PFPs to life with the vision to cultivate a supportive community that provides opportunity and representation for women in the Web3 space. Prompting the need for innovation to make it through the current market conditions, NFT projects, specifically PFP communities have been obligated to be original and creative to survive the bearish environment. These staggering figures only intensify some of the greater difficulties and strains associated with building out a successful NFT project today.
Since then, the average sales value of NFTs dropped to a low of $366 million USD – a decrease of almost 88% in just one year. As of last year’s February, the monthly NFT sales value achieved an all-time of $4.5 billion USD.
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