A month after their Apparel storefront went live, NFT Apparel has released the second stage of their ecosystem with their sleek new NFT Marketplace on Metis Andromeda and Polygon.
NFT Apparel is an innovative start-up registered in Australia aiming to revolutionise the fashion and NFT space by integrating e-commerce on chain. Using some unique patented smart contracts, NFT Apparel is monetising NFTs through real-world merchandising.
Re-imagining the fundamental structures of e-commerce is no easy task, which is why the build has been broken into key deployments, with the NFT Apparel storefront being the first off the ranks at the start of the month. The storefront is currently loaded with some awesome products from NFT Partners but also allows NFT holders to create customised apparel from their NFTs.
As the NFT Apparel build progresses, anyone with an NFT will be able to stake it on the NFT Apparel Marketplace and create apparel for the rest of the world to purchase. When someone buys a shirt or hoodie with that NFT design on it, the NFT holder will receive a percentage of the sale revenue as passive profit!
This is where the NFT Marketplace comes in. After going live on the 29th of June on Metis Andromeda, the Marketplace has begun to see new partner projects and NFT collections take to the protocol; however, NFT Apparel isn’t stopping there. The Marketplace is scaling to all chains with Polygon integration Launched soon after and Ethereum Mainnet set to be live in a matter of days with the Binance smart chain, and Fantom Network will follow in early August.
The NFT Marketplace accepts a range of currencies, including Ethereum, $USDC, $MATIC and $METIS, while also accepting their major partner on Andromedas $PEAK token.
When asked on their partnership with NFT Apparel, the CEO of Peak Finance, Tristan Hazelwood, said:
“NFT Apparel Marketplace plays a major role in the Peak ecosystem with $PEAK as a payment currency and platform fees allocated to our share token buyback. In this way, the success of NFT Apparel directly impacts the Peak ecosystem. But it is much more than that. It is proof of concept for using NFTS in Web3 business models grounded in DAO-based principles. Peak Finance is excited to be alongside NFT Apparel as they explore the evolving use cases of NFTs and DAOs!”
Now that the two foundational aspects of the protocol have been deployed, the NFT Apparel team is working hard to combine the two into a seamless e-commerce ecosystem. The Final build will allow NFT holders and $NFTA token holders to participate and profit from a company’s revenue in a truly unique and disruptive way.
The CEO of NFT Apparel Ben Guihot spoke on what’s next for the NFT Apparel ecosystem.
“We are incredibly excited to have our NFT Marketplace live on multiple chains and filling up with some amazing collections. Our storefront looks amazing, with numerous NFT projects coming to us to set up custom merch ranges for them and their communities on our storefront.
We are working tirelessly in the background to complete the Web 2 to Web 3 integration and have a Codeless minting dapp solution coming up very soon, enabling any artist to hold a mint event without the need to type a single line of code! We’re coining it MaaS or Minting as a Service.”
We will certainly be keeping an eye on everything NFT Apparel related in the coming weeks as they move closer to releasing their Public Token sale date!
Name: Bronwen Gien
Email: Send Email
Organization: Change Digital Marketing
Release ID: 89079136
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Source: Digital Journal