Welcome to Mob76 Outlook, Moojan, what is Thousand Faces?
A pleasure to be here. Thousand Faces is the first exclusive investment club in the form of a Decentralized Autonomous Organization (DAO) fund to finance female-led projects with carbon-negative art NFTs.
We are targeting women, diversity, the environment and NFTs; all important and hot topics at the moment. Raising initial funds for impact projects and under-represented talents anywhere in the world without a middle man has never been easier.
How are you dealing with the transition to Web3?
Web3 is a great opportunity to create a new and real diverse environment and community in a world of severe climate change. Moreover, NFTs are new marketing tools that have considerable viral potential.
We use it as a membership token and the total NFT market is estimated to reach $212 billion by 2030. There is a lot of controversy around the climate effects of NFTs and crypto. Thousand Faces uses Polygon, which is a carbon-neutral network and we offset our CO2 up to 10X more.
Are you addressing the gender gap when it comes to funding companies?
Anyone regardless of gender and nationality should be able to get access to funds and educational resources for their projects. Female founders, immigrants and underrepresented minorities can’t do this due to the centralized organizations holding funds and making biased fund distribution decisions.
With a DAO we open up the opportunity of funding and education to a vast number of people, anyone anywhere in the world, to launch a project that serves humanity as a whole. The world needs to recover the lost feminine in order to create mindful and sustainable organizations.
How do you do this logistically?
With a DAO fund that community members buy an NFT and get access to various resources, right to apply for funding, and participate in fund allocation decision making. With our community fund we invest in female founders and environmental projects with a strong ESG.
Our NFTs are 10,000 randomly generated pictures that have been designed by hand, and have certain utilities and voting powers attached to them. The NFTs represent a membership for the holder.
We will also release a utility token to give rights to our DAO. that token can be staked and spent in our universe. We have an educational program for women to learn about Web3 in order to remove the barriers to entry. We give grants to the selected companies.
What does this mean to a non-techy person?
We are an investment club and by buying a membership which is a digital card, you join the club and obtain access to benefits including the right to apply for funding for your project or access to various educational programs’ content.
If you become a board member you can decide with other board members across the globe to vote on projects with the most social and environmental impact. In return for your participation, you can get rewards and interest in a digital currency in your digital wallet, with which you can invest or spend on various platforms.
How big is the market for all of this, Moojan?
Women entrepreneurs? Well, women are 50% of the population. there is only 2.2% of the total VC funding going to female founders. So you can imagine how many talents are left without funding.
the NFT market in 2022 was at USD 20.44 billion and is estimated to grow to USD 211.72 billion in 2030. The climate innovation and the need to create new sustainable solutions is also at the heart of important topics.
What did you do before this, Moojan?
I am a serial entrepreneur, activist, technologist and community builder. I was born in Iran, and after industrial engineering, I moved to France to finish my studies in corporate finance and banking. But the capitalistic world was not for me.
I started my entrepreneurial journey and created various initiatives for female empowerment and diversity and inclusion. I am now a digital nomad, traveling the five continents, speaking at various conferences and giving lectures on diversity, inclusion, and the basics of AI for business.
That’s a fascinating story and one that our readers will love. Thanks, Moojan
My pleasure, thanks for inviting me.
Monty Munford has more than 15 years' experience in mobile, digital media, web and journalism. He is the founder of Mob76, a company that helps tech companies raise money and exit. He speaks regularly at global media events with a focus on Africa, writes a weekly column for The Telegraph, is a regular contributor to The Economist, Wired, Mashable and speaks regularly on the BBC World Service.
