This weekend Madonna released three non-fungible tokens featuring a 3D scan of her vagina giving birth to butterflies, trees, and mechanical insects. Despite being met with intense criticism online, Madonna has defended this decision by stating that she’s ‘giving birth to art and creativity and we would be lost without both’.
Madonna partnered with digital artist Beeple to create the pieces entitled ‘Mother of Creation’, ‘Mother of Technology’, and ‘Mother of Evolution’. Each piece focuses on the figure of the mother giving birth to nature. Commenting on her work, Madonna states that she “wanted to investigate the concept of creation, not only the way a child enters the world through a woman’s vagina but also the way an artist gives birth to creativity”.
For those interested in entering the online NFT world, Decentraland (MANA), Theta (THETA), and Quitriam Finance (QTM) are three coins paving the way for a non-fungible future.
What impact has this had on NFTs?
Unsurprisingly the artwork has been met with a buzz online. Thousands of comments on her Instagram herald the NFTs as empowering and visionary. However, it has also been met with confusion with one person commenting ‘Whatever this is, I am excited!!!!!’. Here, we can directly see how Madonna is spreading awareness of non-fungible tokens by using them to reach her large online audience.
Furthermore, this project highlights the socio-economic power of NFTs. The NFT marketplace SuperRare auctioned the work for over $627,000, with the highest-earning piece selling for $346,405. This income all went towards three non-profit charities: National Bail Out, V-Day, and Voices of Children.
The Voices of Children Instagram page commented on her announcement post ‘WOW! We are very grateful for your help! Our team is now actively working on the accommodation and psychological support of refugees. We buy clothes, arrange sleeping places, think over nutrition. We open a hotline of psychological support for victims. Thank you for supporting all these actions and helping Ukraine to stand in the fight! This is extremely inspiring!’. Madonna’s followers seeing this comment will directly see the active impact that NFTs can have on political causes, encouraging a buzz around the tokens.
How to get involved in NFTs
If your interest is piqued by augmented reality like Madonna’s NFT, Decentraland (MANA) might be the coin for you. An online virtual world, the Decentraland (MANA) metaverse uses NFTs to buy and sell land. In this space, users can build property, host events, and sell tickets to earn money. Investing in Decentraland (MANA) could also prove very lucrative as its value increased by over 4000% in 2021.
Another coin invested in the NFT market is Theta (THETA), a decentralised storage space for NFTs, video, and other digital assets. In 2021, its value grew by 153% which demonstrates the hype around NFTs in the market at the moment.
The popular culture NFT buzz is particularly exciting for the new coin Quitriam Finance (QTM). The ‘Quitriam Forge’ element of the coin enables users to forge NFTs and ‘Quitriam Mine’ allows users to Mine NFTs from Quitriam ore deposits. Thanks to stars like Madonna garnering widespread interest in non-fungible tokens, the future looks exciting for these coins.
Learn more about Quitriam Finance:
Website: https://quitriam.io/
Presale: http://presale.quitriam.io/
