Fashion
Must Read: Fashion Brands Are Already Rethinking NFTs, The Race to Create the First Sustainable Cult Sneaker

Must Read: Fashion Brands Are Already Rethinking NFTs, The Race to Create the First Sustainable Cult Sneaker

Photo: Bryan Bedder/Getty Images for IMG Fashion These are the stories making headlines in fashion on Friday. How the NFT marketplace is already raising questions for fashion brands One of the most incentivizing aspects of NFTs for fashion brands is how with every secondary sale, the original creator receives royalties in perpetuity. Typically, anytime a physical item linked to an NFT (a code on a blockchain) is transferred to a new owner, the NFT itself would generate a 5% sale value and transfer it back to the original brand it was sold from. However, in order to attract more collectors… Read Full Article