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Altava Leading the Future of Digital Fashion🌐 Altava, a Singapore-based digital fashion company, collaborates with luxury brands like Prada, Fendi, and Gentle Monster on metaverse and NFT projects. Altava explores new possibilities in virtual fashion. Altava Highlights ✅ Partnerships: Collaborations with Prada, Fendi, Gentle Monster ✅ Metaverse: Offers realistic fashion experiences in virtual spaces ✅ NFT Projects: Proves ownership of digital fashion items via blockchain Platform Overview ✅ Altava Worlds of You: Try and buy luxury fashion for avatars in a virtual space ✅ Interactivity: Enables user interactions and event participation Technical Features ✅ Blockchain: Ensures transparency and trust ✅ High-Quality Graphics: Provides realistic fashion experiences Future Prospects Altava aims to provide new consumer experiences and drive digitalization in the fashion industry, allowing consumers to enjoy unique fashion experiences beyond the physical world. How to Use ✅ Download App: Get the Altava official app ✅ Create Account: Join the virtual fashion world ✅ Purchase Items: Try and buy fashion items in the virtual space Experience the forefront of digital fashion! For more information, please visit this link.　
 https://lnkd.in/geHYqcAk

DOLCE & GABBANA METAVERSE FASHION OFFERING LEAVES SHOPPER FUMING Bloomberg by Rachel Graf 🦁 Customer claims the NFTs he spent $6,000 on lost 97% of value 🐯 Class-action lawsuit blames company for delayed delivery DOLCE&GABBANA USA Inc. was sued by a customer who says the NFTs he spent $6,000 on that came with outfits to wear in the metaverse lost 97% of their value because the Italian luxury fashion house bungled their delivery. The company sold Non-Fungible Tokens that were promoted as “a slate of digital, physical and experiential benefits” and could be bought and sold on the Ethereum cryptocurrency blockchain, according to the complaint. Dolce & Gabbana allegedly told consumers that buying the DGFamily NFTs would grant them access to various digital rewards, physical products and exclusive events. But the delivery of the NFTs was late, along with special benefits customers were promised, according to the complaint filed Thursday in Manhattan federal court. Digital outfits that showed up 20 days behind schedule “could be used only in a metaverse platform with barely any users,” according to the complaint. Even after the digital outfits released, token holders still couldn’t actually use them for another 11 days because Dolce & Gabbana hadn’t gotten approval from the metaverse platform ahead of time, according to the complaint. “Their standard operating procedure has been to promise products they fail to deliver, before abandoning a project and community they promised to support,” attorneys wrote in the complaint. Luke Brown, who filed the suit, says he lost $5,800 on the NFTs he bought. Brown brought the case on behalf of a proposed class of people who bought digital assets from the NFT project. The complaint also names the NFT marketplace UNXD as a defendant. DOLCE&GABBANA and UNXD didn’t immediately respond outside regular business hours to requests for comment. The case is Brown v. Dolce & Gabbana USA Inc., 24-cv-03807, US District Court, Southern District of New York. https://lnkd.in/gVB5eFcU ##ai #metaverse #nft #fashion #investment

#web3 fashion update: Explore how Reebok and Futureverse merge fashion and the Metaverse, redefining consumer experiences with AI and blockchain. Dive into 'Reebok Impact' and discover the innovative virtual sneaker journey. #metaverseinnovation #fashiontech #nfts #blockchainfashion #reebok #futureverse https://lnkd.in/dGqcrVvH

CAN BLOCKCHAIN AND NFC CHIPS PUT AN END TO COUNTERFEITING AND IDEA THEFT IN THE FASHION INDUSTRY? Diane Vanderschelden for FashionUnited Key Takeaways: ⚡ The fashion industry is facing a double threat: a rise in counterfeiting that eats into their profits and a fast-fashion culture that copies designs with impunity. But blockchain offers a glimmer of hope. Or rather, a concrete answer. 💰 Digital transparency company Everledger highlights the urgency of the situation. Citing a recent report, it estimates that counterfeiting costs the industry almost 100 billion US dollars annually. And this is where blockchain can be a game-changer, ensuring brand authenticity based on know-how, origin, and quality. 🎩 Known for its rather low-key approach to NFTs and the metaverse, Balenciaga has nevertheless made a U-turn and embraced emerging technologies in a unique way, by connecting its products to music. In partnership with Eon, Balenciaga Music, a division of the famous fashion house, allows its latest clothing collection to unlock an exclusive playlist by trip-hop group Archive. The NFC-enabled T-shirts and hoodies give fashion enthusiasts access to a dedicated soundtrack, marking a new step for the brand in the digital universe, reports Metavers Tribune. ⛓ Tod’s, the famous Italian luxury shoe brand, also made headlines when it joined the Aura Blockchain Consortium, integrating the consortium’s Digital Product Passport into its collections, starting with the Custom Di Bag. Accessible via an NFC chip embedded in the bag, this digital passport provides owners with proof of ownership, information on the product’s lifecycle, and sustainability certifications. Additionally, owners can claim a blockchain-based digital twin of their bag to prove their ownership. 🐊 Lacoste is also celebrating its 90th anniversary with a reinforced digital presence. The brand has opened a new immersive area in the blockchain-based video game The Sandbox, where fans can explore and celebrate Lacoste’s legendary sporting heritage. LEARN MORE: https://lnkd.in/da-KJuda #blockchain #web3 #fashion #metaversefashion

At #NFT Paris, held at the iconic Grand Palais Éphémère in Paris, artists, designers, and brands showcased the real-world #utility of NFTs and blockchain. From #digital ownership to product passports, the possibilities are endless! Luxury watchmakers are leading the way, with Arianee's #blockchain-powered product passports gaining traction. By the end of 2024, 30% of premium watches worldwide could have on-chain credentials, revolutionizing post-purchase experiences! Fashion brands are also diving into the Web3 space, exploring community-building opportunities and innovative product launches through NFTs and metaverse experiences. The #Sandbox, for example, has seen major brands like Gucci and adidas rewarding customers with digital assets and #NFTs. In today's #cryptocurrency-driven world, #financialliteracy and understanding current financial technology are essential for any business's #marketing strategy. With the NFT wave continuing to surge, no one wants to miss out on this 15-year-long hype train! https://lnkd.in/dmcmc8MT

Brace yourselves fashion and tech enthusiasts! DOLCE&GABBANA shattered records in the metaverse with a mind-blowing $6 million NFT auction. ✨ But how did a brand once entangled in controversy become a digital sensation? In 2018, Dolce & Gabbana faced severe backlash for culturally insensitive actions, but fast forward to September 30, 2021, and they're making waves in the NFT space. The nine-piece collection, Collezione Genesi, presented a fusion of physical and digital couture, captivating the attention of both NFT collectors and fashion connoisseurs. The auction's highest bid reached a staggering $1.25 million for The Doge Crown, adorned with blue sapphires and diamonds. This unexpected climax showcases a pivotal moment for fashion NFTs, proving that unique designs and attention to detail can command astronomical prices. As cryptocurrency values surged post-auction, reaching $6.1 million, questions arise. Are we witnessing a paradigm shift where luxury seamlessly integrates with the virtual realm? Dolce & Gabbana's bold move sparks contemplation on the future of fashion and its convergence with the metaverse. The sale not only signifies a financial success but opens a dialogue on the evolving relationship between high-end fashion and digital experiences. What does this mean for the industry moving forward?

𝗖𝗿𝘆𝗽𝘁𝗼 𝗺𝗲𝗲𝘁𝘀 𝗰𝗼𝘂𝘁𝘂𝗿𝗲 Have you ever considered how blockchain can revolutionize fashion? We have. From supply chain transparency to digital collectibles, blockchain technology is changing the way we create, consume, and interact with fashion. In our latest article at THE CRYPTO RADIO, we delve into the fascinating world of crypto couture. | #thecryptoradio | #blockchain | #crypto | #fashion | #luxury | #NFTfashion | #cryptorevolution | Olayinka Sodiq |

#DigitalFashion Redefining the Industry: This article delves into the innovative realm of digital fashion, highlighting its transformative impact on the #fashion industry. Digital fashion leverages cutting-edge technologies to design, produce, and experience #clothing virtually, introducing revolutionary methods for garment creation and presentation. Core elements of digital fashion include sophisticated #3D software for designing virtual apparel, virtual and augmented reality for immersive experiences, and blockchain and #NFTs to verify authenticity and ownership of digital pieces. By minimizing physical production and waste, digital fashion promotes sustainability and opens new economic avenues through digital retail and NFT #marketplaces. Emphasizing its global influence and creative possibilities, the article invites readers to explore and engage with this groundbreaking sector. #digitalfashion #fashiontech #innovation #sustainability #virtualfashion #immersiveexperiences Read the full article by clicking on the link below: (https://lnkd.in/dUDdnaCe)

#LouisVuitton uses #blockchain for full diamond traceability 🔥 One of the key issues in the #luxury business is to avoid counterfeiting of products and alignment to regulations requiring exclusion of certain areas for the sourcing of natural resources (e.g. current restrictions of G7 on Russian diamonds). Blockchain is a great solution to provide full #transparency on the origin and journey that luxury products follow before getting to the retailer's shop. In fact, LV's new diamond collection comes to retailers with a certificate and a video "showing the rough from which their gem was cut, as well as where the stone was extracted and polished." To achieve this result, LV was supported by the Aura Blockchain Consortium, a non-profit organization offering blockchain agnostic solutions exclusively to luxury brands which was established by Luxury Groups (LVMH, Mercedes-Benz, OTB, Prada Group and Cartier, part of Richemont).