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Fashion in Metaverse

Read article about Metaverse, a revolutionary technology, has bright future whose journey in the fashion world has just begun. However, a world with only digital fashion will remain a distant realisation until the technology is made accessible to everyone. Till then, metaverse bringing all the tech concepts of AI, blockchain, and NFT together is expected to continue. and more articles about Textile industary at Fibre2Fashion ....

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Virtual NFT Hoodie from Label Overpriced Sells for $26,000


Virtual NFT Hoodie from Label Overpriced Sells for $26,000
The black hoodie with neon green graffiti can be worn online and comes with a physical version too.
By Edited by Gadgets 360 Newsdesk | Updated: 11 May 2021 13:08 IST
Photo Credit: Inception Influence
Highlights
These are cryptocurrency assets that represent wide range of unique items
Buyer of the NFT owns a “token” that proves they own the “original” work
High-end streetwear label Overpriced, which describes itself as a brand creating “fashion for the crypto generation”, has sold a black hoodie as a non-fungible token (NFT) for a massive $26,000 (over Rs. 19 lakhs). The hoodie, inscribed with an expletive-laden logo in neon green graffiti font, was sold through an auction on the digital art marketplace Blockparty.co to an anonymous buyer who can now “wear” the garment virtually by scanning a unique V-code on any smartphone. ....

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Penny for a pixel? Single-dot NFT sells for $1.3 million


Penny for a pixel? Single-dot NFT sells for $1.3 million
This is the artwork. The pixel is there somewhere. Source: Screengrab from Nifty Gateway.
Digital artist Pak has sold a single-pixel NFT for US$1.3 million (AU$1.67 million) through an auction at Sotheby’s, with the buyer, Eric Young, being part of a new-generation of art collectors that are betting big on NFTs.
Young who has most of his and his wife’s savings in cryptocurrencies told
Bloomberg that investing in NFTs seemed intuitive for him, saying, “I understand how this ascribes provenance to a piece on a public ledger, and there’s nothing else I need to understand”. ....

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