Most of the fashion marketplaces in existence deal in physical objects but a new wave of digital fashion is emerging thanks to startups like DIGITALAX. The world’s first digital fashion NFT protocol was created to address problems like the decentralized digital fashion supply chain and the marketplace gives designers the opportunity to sell their virtual creations.
On the marketplace, users will find auctions for pieces like digital-only dresses, footwear, suits and more that defy what can be created with physical materials.
With NFTs, DIGITALAX sees potential to change virtual reality and gaming, as creators are looking for unique ways to outfit their virtual avatars and express themselves. The startup is committed to giving designers and developers the ability to collaborate on digital materials, patterns and the creation of other assets.
Digital Fashion Marketplaces
DIGITALAX Lets Designers Auction Off Virtual Garments
Trend Themes
1. Digital Fashion Nfts - Developing a marketplace for digital fashion NFTs creates new opportunities for designers and creators to collaborate on unique and expressive virtual garments.
2. Virtual Fashion Design Collaboration - Building a platform for designers and developers to work together on creating digital materials and patterns introduces a new level of collaboration in the fashion industry.
3. Decentralized Digital Fashion Supply Chain - Creating a decentralized digital fashion supply chain solves problems of transparency and traceability in the fashion industry, leading to new opportunities for innovation and efficiency.
Industry Implications
1. Fashion - The digital fashion marketplaces can disrupt the current physical fashion industry by offering unique virtual clothing items created through digital means.
2. Gaming - The digital fashion marketplaces can open up new markets for gaming developers, since creators are constantly looking for ways to outfit their virtual worlds with unique and expressive virtual garments.
3. Blockchain - Introducing NFTs as a way of representing one-of-a-kind virtual fashion items creates new opportunities for innovation and the use of blockchain technology.