Fashion NFTs: All You Need to Know
With 2021 came the NFT fever; NFT shot to fame, and the number of Google searches for NFT increased. In the first half of the year, the NFT market recorded massive sales of about $2.5 Billion. There's no doubt that 2022 can only get better.
While other industries are leveraging technological innovations, the fashion industry isn't left behind. Like never before, the fashion industry is experiencing a fashion evolution. Interestingly, luxury fashion brands like Burberry and Gucci are spearheading this fashion evolution.
Many people believe that the fashion industry is always at the forefront of innovation. From e-commerce to being able to try on clothes virtually, tech and fashion have become inseparable. Additionally, in a bid to improve customer experience and give competitors a run for their money, fashion brands are leveraging AI, AR/VR, and now NFTs.
Let's look at fashion NFTs and their role in the fashion industry.