This month, Kendra Scott is working with five female artists to develop
NFTs based on the company's Women Empowerment charm. The goal is not only
to boost these women's work within the art world but also to bring women
into the lucrative space of non-fungible tokens, where artwork sales have
set financial records—often without female artists as part of the
landscape.
The first artwork inspired by the Kendra Scott charm—which
gives a portion of its regular sales to benefit women's and children's
causes throughout the year—sold out within an hour on OpenSea, an NFT
marketplace. Customers who purchase these NFTs receive one of the Women
Empowerment charms as well. Kendra Scott is sponsoring the costs of
putting the artwork onto the marketplace, promoting the artwork on its
brand channels, and returning all profits to the artists, says Kellianne
Miller , Kendra Scott's director of brand marketing.
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