The fashion world is tightening its grip on the metaverse through not just digital fashion but also NFTs (non-fungible tokens). Singh’s collection was 3D-modelled by digital fashion designer Madrid-based Lorena Bello, with all scenes, animation and renders created by the world’s first NFT fashion marketplace DIGITALAX. He tells me that the NFT fashion space, still finding its footing, has the potential to create “an anarchist Utopia”. While fashion NFTs include visual art and design, it is not often everyday functional items like bags, watches or shoes. “I think people collecting these fashion NFTs could also be investors that see the value going up because of limited quantities and high demand by fashion lovers,” she points out.

Source: The Hindu July 17, 2021 05:48 UTC