Fashionverseprotocol.com

Members Only Jacket with IoT hardware that uses blockchain to verify ownership & authenticity.
Fashionverse Models
Genesis NFT Launch
Fashionverse Creator UGX

Inspiration

Gatekept fashion industry does not allow for equitable collaboration between creators, models & consumers to effectively gain traction and build scalable projects

What it does

Fashionverse Protocol enables consumers of high fashion to leverage Web 3 infrastructure to create communities of culture and democratize access to the legacy fashion industry by decentralizing brands and coordinating among buyer and seller via NFT's bundled within physical goods, access to liquidity pools associated with clothing NFT's via a proprietary exchange.

How we built it

Through gaining firsthand experience of 5 years in the legacy fashion industry, the founder of the protocol identified key centralized bottlenecks that stifled innovation
The founder then established a team of individuals with the necessary competencies of technical, business & design acumen
Finally, the team focused on integrating NFC tags and NFT's to the physical clothing to make the clothing digital collectibles

Challenges we ran into

Funding our liquidity pool to allow creator to scale through our ecosystem -Modular design of the NFC to make the clothing manufacture process seamless & efficient -Maintaining sustainable design while promoting cost effectiveness to ensure accessibility to a wide total addressable market

Accomplishments that we're proud of

Strategic Partnerships with mission aligned brands and communities of over 1,000 active members
Concept design of totes, backpacks, shirts & jackers

What we learned

Developing brands with components of the broader Web 3 stack serves as a powerful building block for disrupting legacy markets
Fashion based NFT's tied to physical goods are a severely underpenetrated market
Cultural curation with community input leads to more diverse outcomes and an organic feedback loop of continuous improvement

What's next for Fashionverseprotocol.com

NFT Fractionalization/Fungible Token for liquidity pools
Design run of initial merchandise
Launch of protocol DAO and initial NFT Release
Develop marketplace for fluid transfer of NFT's where platform fees from sales are redistributed to the DAO