Technology & Fashion — Non Fungible Tokens RSS



What are Non Fungible Tokens (NFTs) and How are they used in the Fashion Industry?

 Author: Aarang Chakma NFTs are one-of-a-kind digital tokens that serve as proof of asset ownership. To ensure transparency surrounding authenticity and ownership, these tokens may be safely exchanged, with transaction history logged to a blockchain - a decentralised, digital public ledger.   Photo by Andrey Metelev on Unsplash   NFTs are typically associated with digital assets like images or videos, but they are also used to register the ownership of tangible items such as real estate, artwork, and, increasingly, clothing. So, what exactly is an NFT in the fashion industry? Fashion NFTs can take numerous forms, including virtual clothes that buyers can wear within virtual worlds, digital content that owners can interact with, and digital twins of real physical creations....

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