We are now getting reports that major brands like Gucci are deciding whether or not they see value in creating NFT (non-fungible tokens) using articles of clothing. You might be asking yourself, is that even possible?
Turns out, it is. But it's not what you think.
According to Vogue, "several premium fashion houses are moving closer to releasing their own nonfungible tokens."
The emerging trend of developing your own digital artwork as lifestyle items and collectibles has exploded over the last few months. Music, celebrities, sports, pop culture, and even merchandise companies have all started to get on board.
"Fashion NFTs for gaming and virtual reality is already a thing, with several companies creating digital clothing items for use in both metaverses," reports Cointelegraph. "Brands like Louis Vuitton and Christian Dior, creating NFTs will be an extension of the already-emerging blockchain utilization in the fashion industry."
What types of clothing and accessories do you think these fashion giants will create? Where will they live and will you purchase them? Love to hear from you!
