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NYC drag queen Ruby Powers (aka nonprofit communications strategist Brent Lomas) knows firsthand that it takes a gay village (people!) to make queer art–and that fair compensation for artists is not always the norm. After listing their own artist-owned NFT in April 2021, they sought a way to ethically represent queer creators in this growing space, launching The Queenly NFT, LLC.
For The Queenly NFT, ‘ethical NFTs’ means that, although the rules around NFTs are murky, the community of patrons around queer art is invested in consent, credit and compensation. Unlike much art commerce, all NFTs sold via The Queenly NFT have mutual agreements with content creators. Queer-positive charities will also receive a donation for every sale from a collection.
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You’ve likely heard of blockchain or cryotocurrencies like Bitcoin or Ethereum. NFT stands for non-fungible token, a unit of data on a digital ledger. The NFT is a collectible record of a unique digital item.
Some NFTs have made headlines for fetching eye-popping prices, while many others sit unsold. The Queenly NFT believes the key to long-term collectibility is community significance and provenance, a true connection to its maker.
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