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Must Read: Fashion Brands Are Already Rethinking NFTs, The Race To Create Their First Sustainable Sneaker


New york fashion week keys nft

These are the stories that made the headlines on Friday.

How does the NFT market actually raise questions for fashion brands
One of the most motivating aspects of NFTs For fashion brands, every secondary sale is how the original creator receives royalties forever. Typically, any time a physical item associated with an NFT (a token on the blockchain) is transferred to a new owner, the NFT itself will generate a 5% sale value and convert it back to the original brand it was sold from. However, in order to attract more collectors at lower prices and fees, those in the NFT market leave it up to buyers to decide if they want to pay royalties, leaving many fashion brands wondering if it makes sense to dive into the NFT world at all. fashion business


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