“They are tokens that serve as certificates of authenticity, and they can bring a lot of additional utility to any clothing item. That could mean unlocking a digital version of the item or gaining special access to the designer's online community. Plus, NFTs are easy to include, as they can be incorporated through a small QR Code for any piece of apparel.”

Tepmongkol added that NFT wearables also make it easy to donate to charities. For example, NFT Runway’s digital fashion show will consist of an auction to benefit a number of non-profit organizations with revenue generated from sales. According to Tepmongkol, smart contracts on the blockchain allow NFT Runway to set up “NFT endowments.” She said, “This is where charities can be set up to receive a portion of the sales through the smart contract in perpetuity.”

“They are tokens that serve as certificates of authenticity, and they can bring a lot of additional utility to any clothing item. That could mean unlocking a digital version of the item or gaining special access to the designer's online community. Plus, NFTs are easy to include, as they can be incorporated through a small QR Code for any piece of apparel.”

Tepmongkol added that NFT wearables also make it easy to donate to charities. For example, NFT Runway’s digital fashion show will consist of an auction to benefit a number of non-profit organizations with revenue generated from sales. According to Tepmongkol, smart contracts on the blockchain allow NFT Runway to set up “NFT endowments.” She said, “This is where charities can be set up to receive a portion of the sales through the smart contract in perpetuity.”