Fashion NFTs as cultural stock: The Future of Fashion and Brands in the Age of web3
Tldr; Consumers have always voted with their dollar. Now they can vote with the possibility of profit. NFTs are quickly gaining traction in the fashion industry. But what are non-fungible tokens and how do they fit in with the industry’s status quo? NFTs are a digital asset class that create scarcity in the virtual realm. They can do that by warranting exclusive ownership - an unprecedented capability in the internet’s history-, which in turn makes virtual items unique and tradeable. Scarcity...
Fashion NFTs as cultural stock: The Future of Fashion and Brands in the Age of web3
Tldr; Consumers have always voted with their dollar. Now they can vote with the possibility of profit. NFTs are quickly gaining traction in the fashion industry. But what are non-fungible tokens and how do they fit in with the industry’s status quo? NFTs are a digital asset class that create scarcity in the virtual realm. They can do that by warranting exclusive ownership - an unprecedented capability in the internet’s history-, which in turn makes virtual items unique and tradeable. Scarcity...
