The Future of NFT's and Fashion: Fad or Opportunity

Fashion brands are flocking into any buzz-worthy trends and are always trying to figure out how to turn such trends into a marketing opportunity. The latest such trend is the NFT or non-fungible token, which is a type of creative and unique digital asset. The NFT trend has gained so much popularity since last year, egged on by celebrities such as Grimes and Elon Musk. Grimes has already sold $6 million worth of digital art as NFTs at an auction.

The uniqueness and enduring market hype of NFT are what enabled Christie’s to sell digital artist Beeple’s Everyday NFT for about 68 million dollars. For those designers who do not have that much money, NFT can be used for trading collectables such as fashion goods and clothing. 

NFT can be used as an opportunity by fashion designers and manufacturers. They can use the uniqueness and creativity of such a trend. NFT can be easily converted from a fad to an opportunity. NFT fashion is a new and innovative opportunity that fashion designers should take advantage of.

People now wear more comfortable clothes, which suit their profession as well as their pockets. With the increasing population, the enlarging desire to stand out has also been perceived. And with this comes into play NFTs. 

NFT

"Non Fungible tokens or NFTs" are unique assets that are irreplaceable. For instance, if a person has a particular currency or item whose copies are available in the market, the entity is not unique. But classical items, which are without any substitute, are irreplaceable.

With the increasing demands of NFTs, it can be easily converted from a fad to an opportunity. People are looking for more options that are unique and suit their style and preferences. Fashion that is more fluid, suitable, and unique is gaining popularity. And NFT fashion is taking it a notch higher.

Imagine having a piece of clothing that only belongs to you: you are the sole holder, and there is nothing like that in the whole world. NFT fashion can be proven very beneficial in this case. People are becoming more interested in this, and it can be proven a golden opportunity for a manufacturer. All you have to do is create a fashion piece that is uniquely styled and convert it into an NFT fashion item. 

The Gucci NFT

Recently, the Italian luxury fashion brand GUCCI released a new NFT film based on its latest fashion collection, 'ARIA'. According to experts, the collection is set with a "dream-like landscape and effervescent energy." The Gucci NFT is the first example of a big brand joining the NFT fashion craze.

Fashion NFTs and many smaller manufacturers can easily benefit from this. Gucci being a luxury brand is sure everyone's dream, but not everyone can afford it. But that doesn’t stop people from owning fashion NFTs.  

●  With the increasing number of luxury brands and other big brands investing in NFT's, golden opportunities are many and open. Unlike a fad, the NFT is a long-lived opportunity, and the person owning and fashioning NFT can benefit from this. From small businesses to luxury brands, all are taking this NFT craze by both hands.

●  The Gucci NFT ARIA was the most expensive single item from the house of Gucci. The bidding itself started at $20,000.

Just like this, small manufacturers and brands can not only generate revenues but popularity too. A person owning an NFT will surely make another person wish to own such a thing too. This is how a small craze turns into a fad and finally an opportunity that could be the next big future of the century.

Conclusion

NFTs are gaining popularity day by day, and the brands should focus on turning this in their favor. From small rings to blazers and pants, an NFT could be anything. But with great expectations comes tremendous pressure to make an NFT unique, and you should therefore ensure that your NFT is designed, produced, and delivered carefully.

If you’re into the business of fashion and are looking for a cloth manufacturer for your clothing line, you should get in touch with Fashinza. We at Fashinza help fashion brands and independent designers connect with the most brilliant apparel manufacturers. Whatever your requirements, we’ll help you find a garment manufacturer that fits in perfectly. Besides, our complete ownership of the process from delivery to design will allow you to rest assured. Visit us here now!