DIGITALAX is taking the first step in enabling digital fashion designers with new distribution channels like Non Fungible Tokens NFTs and we are looking at the first application of digital only limited editions built around the concept of rare digital fashion.

What is nft fashion. NFT is a brand new horizon in fashion and in the last few months there have been several notable sales of fashion NFT. Demand for fashion has always been deeply rooted in exclusivity. Besides owning the 3D animation of the Balmain Flame.

The NFTs are digital assets that are unique creating digital scarcity. The most straightforward example of a fashion NFT is where the NFT is the digital twin of a real-life garment. This marked the most recent mega event in the world of NFTs.

The NFT was inspired by the latest fashion film co-directed by Creative Director Alessandro Michele and award-winning Photographer and Director Floria Sigismondi. Crypto-native fashion brands are leading the way while NBA Top Shot an e-commerce site for buying and trading video clip NFTs of basketball players best moments can provide a go-to-market blueprint for fashion brands who dont have an existing foothold in the crypto world. The dress Iridescence was part of a collab between The Fabricant influential digital creative artist Johanna Jaskowska and the team behind CryptoKitties Dapper Labs.

NFT stands for Non-fungible Token. The winning bidders will receive the corresponding real-life dresses and both the NFTs and the physical garments are one-of-a-kind says Clothia CEO Elena Silenok. NFTs role in the fashion industry is the creation of digital fashion that can be traded and authenticated upon the blockchain.

Fashions own NFT headline came from a collaboration between design studio RTFKT and 18-year old digital artist Fewocious with 621 pairs of shoes selling for roughly 31 million total each pair priced from 3000 to 10000. The shoes were issued as NFTs meaning that the buyers cant wear or even touch their purchases. On 20 August 2021 Argentine football legend Lionel Messi launched Messiverse a four-series collection of digital artwork with his image for sale on blockchain platform Ethernity Chain.

They can be used to represent both tangible and intangible items. A Vogue Singapore-exclusive NFT garment a Flame Dress designed by Olivier Rousteing from Balmain in partnership with gaming and virtual commerce company for fashion Altava. The Non-Fungible Tokens Beginners Guide Non-fungible tokens or NFTs are digital assets that are indivisible and provably unique.