How Will Web 3.0 Transform the Industry?

LONDON — For the average consumer, using cryptocurrency to buy a digital fashion item that will live exclusively on a screen seems like an out-of-reach scenario — for now.

Pfrunder has joined the start-up’s advisory board and is working with the Lukso team to register the Karl Lagerfeld photographic archive he inherited upon the designer’s passing, using blockchain technology.Lukso registers Karl Largerfeld’s photographic archive on blockchain. In the same way that blockchain can be used to store the data of a photograph, it can also store data that will help authenticate a luxury handbag, be it real or digital. Once products are registered on the blockchain network, users will be able to trade their different assets.

Lukso is also working toward debuting a digital wallet-cum-wardrobe that will enable users to store all their digital assets within one safe space.Hernandez is readying the launch of a digital fashion marketplace as well, dubbed The Dematerialised, which aims to open the digital fashion arena to the regular fashion consumer, and make transactions as seamless as possible.

The fast conversions of regular consumers means that brands need to start paying attention. Once The Dematerialised launches, the ultimate goal is to start onboarding brands to the marketplace, supporting them in the process of turning their real-life designs into 3D digital ones, and transforming them into digital manufacturers.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Far Back As The Early 1800s This Visionary Female Entrepreneur Transformed The Champagne IndustryThe pioneering Madame Clicquot was the creative mind behind a handful of champagne innovations still used today
Source: ForbesWomen - 🏆 477. / 51 Read more »

How Electric, Self-Driving Cars and Ride-Hailing Will Transform the Car IndustryThe era launched by Henry Ford more than a century ago is coming to an end, and the big question is whether the U.S. can keep up with China in the new race. Welcome to the world of AutoTech. I’ll pay the bills of the first 5 people to dm me. This assumes everyone lives in a city? Well that’s a pretty lame comparison seeing as how everything still has a keyboard..........
Source: WSJ - 🏆 98. / 63 Read more »

Stock and bond market experts share top post-pandemic investing ideas2 investing executives transforming their industry share the biggest trends they're seeing and opportunities they're seizing upon in the post-pandemic world- Presented by ING_News ING_news A ING_news thanks
Source: BusinessInsider - 🏆 729. / 51 Read more »