NFT fashion: How NFTs Revolutionize the Digital Fashion Industry?

NFT fashion
Source: Dolce & Gabbana

NFTs are continuously making a mark around the world; these digital assets are perfect for fashion in the metaverse. Amrit Dhami  a thematic analyst at Global data says that

“While there is significant uncertainty about what the metaverse will look like, we do know that it will be populated by avatars. Gamers already pay substantial amounts of money for in-game skins, so it stands to the reason that metaverse visitors will also naturally invest in clothing and accessories for their avatars”

When asked about why the fashion industry should care about NFTs, Ryan Marsh from Quantus Gallery, who works closely with artists in the digital sphere said:

“Whether we like to admit it or not, the digital realm is going to become more and more integrated in society and to ourselves”

We know that NFTs reflects proof of ownership of assets such as image and videos, these creations will have the potential of changing the fashion look in metaverse because users will get the chance to buy NFT clothing just like the way people buy custom-made outfits”

NFT fashion will provide designers with opportunities to showcase their talent in Metaverse using NFTs. Further, they can create communities with exclusive access to upcoming NFT collections such as Dolce & Gabbana. This fashion house sold a nine-piece collection of fashion NFTs dubbed Collezione Gensei for a whopping $6 million dollar in October 2021.

With gaming being at the center of the metaverse, there is a significant potential for game developers and fashion houses to collaborate to create new skins for gamers, concludes Dhami.

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