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NFTs of empowered women aim to drive female engagement in crypto

Female artists are creating NFTs to empower women everywhere, proving that crypto isn’t just an all boys club.
The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first…

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Female artists are creating NFTs to empower women everywhere, proving that crypto isn’t just an all boys club.

The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first six months of 2021, analytics firm DappRadar recorded $2.5 billion in NFT sales, showing a major increase from the $13.7 million in sales during the same time period in 2020. Christie's auction house reported $93.2 million in NFT sales during the first half of 2021. In addition to impressive sales, the NFT marketplace OpenSea, which reportedly hosts 98% of the entire market’s transactions, registered $4 billion in NFT trading volume during August this year. 

While the rise of blockchain-based digital artwork is notable, many of the artists responsible for creating today’s most sought after NFTs are men. For instance, digital artist Mike Winkelmann — better known as “Beeple” — made NFT history after selling “Everydays: The First 5000 Days” for over $69 million on Christies. The platinum-selling musician “Two Feet” and acclaimed 18-year-old visual artist FEWOCiOUS also made headlines after selling four collaborative NFT artworks for more than $1 million. It was also momentous to see that the Argentinian designer Andrés Reisinger sold ten pieces of virtual furniture for almost $70,000 in an NFT online auction.

Women aim to change the "crypto bro" culture through NFTs

While the ratio of male to female NFT artists remains unclear, statistics show that there are considerably less women than men involved in the overall crypto sector. For example, a recent survey conducted by cryptocurrency exchange Gemini found that just 26% of females hold crypto. Although this is the case, the report also noted that more women than men indicated a willingness to get involved in crypto in the near future.

As such, it’s important to point out that a number of women artists have begun creating NFT projects to show growing female participation, while also aiming to drive more women to the crypto sector.

Lavinia Osbourne, founder of the community “Women in Blockchain Talks,” told Cointelegraph that the NFT sector may be more appealing to different genders given the fact that it focuses on creativity:

“Learning new words such as DeFi, blockchain and crypto wallets, much less understanding these terms, takes up a lot of energy and time. Art, on the other hand, is a lot more engaging. Many people may not understand what an NFT is and how it works, but they know art and they know how to be creative.”

To Osbourne’s point, Maliha Abidi, a female artist, author and activist, told Cointelegrah that her passion for digital media initially attracted her to the NFT world. Abidi explained that she has been campaigning for women’s rights through her artwork since 2012, but, after learning about NFTs, she created a project called “Women Rise.”

According to Abidi, Women Rise is a unique collection of 10,000 NFTs featuring female activists, artists, scientists, coders and more. The project’s mission statement is to “watch women rise on the blockchain.” Abidi added:

“I wanted to make sure that I was starting my journey in NFTs by celebrating real world women around the world. This project isn't just about ethnic diversity, but it's also about cultural diversity, religious diversity and diversity in terms of fields where women are breaking the glass ceiling. It’s also an extension of the work I’ve been doing over the last nine years.”
Image Source: Women Rise

Abidi plans to officially launch the Women Rise project at the end of November this year, around the same time as the United Nations’ 16 Days of Activism against gender-based violence campaign scheduled for November 25. “Art is a huge part of this project, but it’s also about activism and shining a light on the role women play in real life,” said Abidi. 

Image Source: Women Rise

Abidi further remarked that she is most excited about the project’s plan to give back to a number of organizations she has worked with over the years. For example, she shared that 24% of proceeds will be donated to schools in Afghanistan to support female education. 

According to Abidi: “Traditional artists aren’t just limited to women, but also includes men and non-binary people. We need to redefine the roles here. The NFT space is for everyone who wants to showcase their creativity.

Unsurprisingly, there are many female artist who feel encouraged to enter the world of crypto due to the passion for women’s rights and digital media. Lisa Mayer, founder of the NFT project Boss Beauties, told Cointelegraph that the opportunities made possible from nonfungible tokens resonated with her goals to help empower women:

“Before launching Boss Beauties, I started a company called My Social Canvas. We created a number of products designed by women, where the proceeds would go back to women creators to fund their education. But, following the COVID-19 pandemic, we needed to think of other business models for alternative funding sources. This is why NFTs and digital artwork connected with me and My Social Canvas.”

Mayer explained that Boss Beauties was launched three months ago, featuring a collection of 10,000 unique portraits of strong independent women representing different career paths. “There are women astronauts, women in STEM, doctors, race car drivers and more. The promise here is that all these traits mixed together show that a woman can be anything she wants.”

Source: Boss Beauties; Boss Beauties featured on the Nasdaq billboard on Day of the Girl

Following the launch of Boss Beauties, Mayer shared that the entire collection sold out in just 90 minutes, demonstrating the financial impact NFTs can have for small business owners. “I was blown away by this because during the pandemic, I had been working hard to get My Social Canvas to survive. As a small business owner I was really emotional to see the collection sell out so quickly,” she said.  

While the sale of the Boss Beauties collection marked a milestone, Mayer also mentioned that out of the 10,000 NFTs created one was saved to be displayed as a physical piece of artwork at the New York Stock Exchange (NYSE) to celebrate “International Day of the Girl,” which took place on Oct. 11.

According to Mayer, this is the first NFT known to be displayed at the NYSE. “It will be displayed outside the iconic Muriel Siebert Boardroom, which honors the first woman to own a seat on the New York Stock Exchange. Muriel joined the 1,365 male members of the exchange on December 28, 1967,” she said. The NFT is currently being auctioned off to fund scholarships and mentorship programs for women and girls in finance.

Source: Boss Beauties; Boss Beauty on display at the NYSE

Efforts to help women overcome a “fear of crypto” 

Although the NFT space appears to be resonating with more women in comparison to other crypto-related sectors, educational awareness is still needed to drive participation.

For instance, Mayer explained that many of the technology savvy women in her network still don’t know about NFTs, given that the space is so new. As such, a steep learning curve must be overcome, which Mayer believes will be conquered once women understand the financial opportunities associated with NFTs. “This is an opportunity for a transfer of wealth,” she remarked.

Echoing Mayer, Athan Slotkin, an entrepreneur and investor commonly known as “The Shadow CEO,” told Cointelegraph that once more people are aware of the economics behind NFTs they will want to leverage them. “Boss Beauties raised about 5 million dollars in 90 minutes. People will see this as potential.”

Furthermore, Abidi mentioned that education is also needed to help prevent scams and gatekeepers from infiltrating the crypto space. Referencing the example of the “Fame Lady Squad,” Abidi explained that three men pretending to be a female-led NFT project was one of her first introductions to NFTs, adding: “It was sad to see that a lot of people supported Fame Ladies, but that it was really a scam. The challenge here is that we must have more education and less gatekeepers in crypto."

While education is still required in all aspects of crypto, it’s important to point out that female-led groups have recently been created to help increase awareness within non-intimidating environments.

For example, Osbourne explained that Women in Blockchain Talks plans to soon launch a female-centric NFT Marketplace called "Crypto Kweens.” According to Osbourne, the marketplace is being built on the Rarible protocol and will serve as a place for female artists, entrepreneurs, creatives and founders to come together to support one another:

“It will be a place where others can support them and be part of the movement to make the metaverse representative of women and marginalized groups. Male artists will also be welcomed as long as their work is in line with the theme of 'empowering, honouring and uplifting the female form.'”

In addition to Osbourne’s initiative, Hailey Lennon, partner at law firm Anderson Kill, told Cointelegraph that she recently formed Crypto Connect, which is a networking group for those involved or interested in crypto and blockchain. Lennon explained that the group’s board of directors is led by all women, noting that a strong female presence will help bring more women and men into the crypto sector.

In regards to NFTs, Lennon mentioned that Crypto Connect’s Nashville lead is Evie Phillips, chief marketing officer of the NFT platform NFT Glee. Given Phillips expertise, Lennon commented that educational awareness around NFTs will be discussed at upcoming networking events, along with the idea that Crypto Connect memberships could be tied to NFTs in the near future. In turn, both women and men who leverage NFTs for themselves will likely understand the space better.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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