Undoubtedly, the creator economy is flourishing now post the wide adoption of NFTs. Likewise, the fashion industry is an integral part of Web 3.0. Famous brands like Dolce & Gabbana, Gucci, Louis Vuitton, and Prada are launching their NFT collections on different marketplaces. Let us discuss the use-cases of Fashion NFTs and explore the different advantages.
Analyzing how NFTs have triggered a storm in the world of fashion
Virtual sneakers – Unquestionably, iconic brands generate a big buzz when they come out with their limited-edition shoes. Likewise, Nike acquired RTFKT, a popular NFT marketplace. Generally, buyers can try on the virtual sneakers before purchasing them. A combination of 3D and Augmented Reality (AR) used in Snapchat Lens ensures a never-before-seen experience for prospective investors.
Importantly, the collection named “Nike Dunk Genesis Cryptokicks” was sold for a whopping $186,000. Thus, buyers are making aggressive bids for these digital sneakers…
