Brands in the footwear space are launching limited-edition shoes via blockchain tech
Trend - Brands in both the footwear and technology space are leveraging non-fungible tokens (NFT) when releasing sneakers. These include both virtual sneakers and physical shoes that are matched with digital NFTs.
Insight - Cryptographic tokens, which represent a unique asset or utility, are becoming increasingly popular as many consumers begin to invest in completely digital collectibles in fashion, art, and music. As people look for creative ways to express themselves by dressing up their digital avatars, virtual fashion satisfies the desire for uniqueness and exclusivity–even if it's something that physically can't be worn on the body.
Insight - Cryptographic tokens, which represent a unique asset or utility, are becoming increasingly popular as many consumers begin to invest in completely digital collectibles in fashion, art, and music. As people look for creative ways to express themselves by dressing up their digital avatars, virtual fashion satisfies the desire for uniqueness and exclusivity–even if it's something that physically can't be worn on the body.
Workshop Question - What would a digital asset by your brand look like?
Trend Themes
1. NFT Fashion - The rise of cryptographic tokens is leading to an increasing popularity of NFT fashion, including sneakers and virtual clothing.
2. Virtual Fashion - As people look for unique and exclusive ways to express themselves in the digital space, virtual fashion is satisfying their desire for creativity and personalization.
3. Crypto Art Collectibles - The trend of investing in completely digital collectibles is growing in popularity, particularly in the areas of art, music, and fashion.
Industry Implications
1. Fashion - Fashion companies can explore the potential of NFT fashion, such as limited edition sneakers paired with digital tokens, to offer their consumers a unique, one-of-a-kind product.
2. Gaming - The METAJACKET by RTKFT Studios is an example of how fashion and gaming can intersect, offering players the chance to dress up their digital avatars with unique, virtual fashion items.
3. Art Collectibles - Brands can tap into the growing trend of investing in digital collectibles by releasing limited edition NFTs of their products, such as Rare Shoe's NFT sneaker art series.
