Crypto and Fashion

In this modern era, digital technology has made the way into the daily lives of people and how they interact, with cryptocurrency, sending and receiving funds has been made it easy for everyone on the Blockchain technology but not all sector has inculcated or make use of this digital assets. In this article, we will look at the fashion World enabled by cryptocurrency NFTs.

Succinctly, Crypto or cryptocurrency is a form of payment designed to exchange goods and services online. While fashion means to create, make or give shape or some sort of form to (something), it is the area of activities that involves style appearances and style of clothing. Also, it is defined as a popular way of speaking and a way of dressing, involving self-expression of a specific context and that which is trending. 

Furthermore, Crypto fashion offers a platform that enables users to create clothing for their Avatars. These avatars can be sold on the blockchain space in form of what is called a Non-fungible token (NFT). NFTs is a technology on blockchain that authorizes digital items to be sold authentically, then bought and sold on an open market. Digital artists are enjoying this life-changing, huge sales of their work to the new crypto-audience. Nonetheless, NFTs can be any item at all, such as videoclips, images, arts, and so on. It's now easy for anyone to access full payments on what they sell NFTs.

Pulling NFTs in the Fashion World, we need to know what visual fashion is. Visual can be explained as the art of creating and showcasing a digital product to engage or attract fashion consumers and sell. In today's livelihood, fashion has been included in every society, as people want to see and experience new things. The visual world has been soaked in fashion as digital artists work hard to come up with more amazing content. With a lot of copycats and fake copies of any product in the market out there, NFTs cancels put copycat concern, increase value of any physical product linked to NFTs purchase. An obsessed audience can resale a brand product also stand to gain, reselling an NFT can be predetermined and encoded into the blockchain, making sure that the brand receives what is called Royalties in form of payment, usually 10% or so, to each resale of their product. with the amazing benefits from NFTs, a designer with creative skills can make a fortune selling their NFTs, some items like sneaks, street wears, and some specific garments were the first class to adopt NFTs, some of which are expensive. This generation of today don't just buy expensive items because they need it, they buy them because it gives some sense of luxury, or need to be part of a culture or heritage an expensive brand has built, in the hand, NFTs are like a social asset, that offers a customer a certain status, with a new market for investors and traders.