Karin Broennimann | Fashion League, Author at FASHION LEAGUE

Cyber Fashion: Designing & Buying Virtual Clothes

NFTs have spawned several opportunities to create digital assets within the NFT marketplace, from artworks to gaming avatars and even fashion designs.

Fashion designers and major fashion brands are paying close attention to NFTs, with some embarking on their own digital fashion projects on the blockchain.

It’s fair to say we may witness a virtual renaissance in fashion. Let’s look at what’s happening, how people get involved, and what aspiring digital designers and entrepreneurs can expect.

 

What Are Virtual Clothes?

As the Metaverse grows in popularity through various games and virtual social experiences, the commodity of digital clothing is starting to gain great demand.

Gamers love collectible, exclusive, and scarce items, and fashion corporations realize this.

Now, notable brands collaborate with NFT icons to mint limited-edition, collectible, digital, and sometimes physical clothing items as NFTs for you or your online avatars. This change has increased online demand and traffic in a way that has had many people turning their heads.

Like any NFT, these clothes get sold on an NFT marketplace and are verified as authentic via the blockchain.

Buying and designing virtual clothes is becoming a new, almost avant-garde trend in the fashion world.

 

Fashion Icons Selling NFTs

When celebrities began to applaud and promote NFTs, and even sell their own NFT collections for thousands or millions of dollars in crypto, NFTs started to be seen as a viable medium for future fashion designers looking to jump on the next trend.

Many celebrities like Snoop Dogg and Grimes have contributed their NFTs to the marketplace through songs, videos, and artwork. Some stars have even pushed the boundaries of this medium even further toward the realm of fashion:

  • Pop-star and teen heart-throb Shawn Mendes released his line of NFT avatar cosmetics in collaboration with a company that makes digital clothing and avatars for corporations looking to expand into the metaverse.
  • Major brands and fashion corporations such as Gucci, Adidas, and Nike are working to collaborate with digital creators on avatars and digital cosmetics minted as NFTs and sold to be used in games functioning within the metaverse.
  • Fashion companies have teamed up with celebrities like Paris Hilton and Kate Moss to promote new material by releasing the models’ NFT photo and video collections. Fashion celebrities like Hilton and Moss are turning the eyes of many fashion empires toward the virtual frontier.

 

Sneaker Companies Work With NFT Influencers

As mentioned, Adidas has shown great interest in the potential for the Metaverse to house a renaissance digitally. They’ve even released their NFT collection called Adidas Originals: Capsule Collection, wherein people can buy NFT virtual ‘capsules’ which contain mysterious items inside, only openable by the owner of the NFT.

In addition to this effort, the fashion company has collaborated with NFT influencers Gmoney, Punk Comics, and Bored Ape Yacht Club (BAYC) to create a new fashion drop of both physical and digital items. These items will be sold in limited edition as NFTs and revealed in a series of both digital and physical comic books.

Meanwhile, Nike released their NFT collection known as Cryptokicks, a digital collectible sneaker line, one of which sold for the cryptocurrency equivalent of over $100,000.

For collectors, guaranteed ownership and authenticity matters most, and NFTs can offer just that for digital fashion collectibles.

 

Fashion Empires Expand into the Metaverse

With celebrities creating so much buzz within the fashion world around NFTs and clothing companies already making huge sales on exclusive digital merchandise, many major luxury brands like Gucci, Burberry, and Louis Vuitton are turning their heads toward cyber fashion.

 

Gucci Goes All In

Gucci collaborated with collectible creator outfit Superplastic to make SUPERGUCCI, an exclusive NFT collection of digital and physical items. Each purchased NFT comes with a white sculpture hand-crafted in Italy, of which only 500 were made.

Following that, Gucci is collaborating with NFT marketplace SuperRare to create Vault Art Space, which will have multiple rounds of exclusive NFT artwork releases. They also recently released GucciTown, a world in the game Roblox in which players can play minigames, socialize, and buy exclusive digital Gucci items for their Roblox avatars.

 

Louis Vuitton Steps Up

With their app called Louis: The Game, Louis Vuitton stepped into the arena of cyber fashion. The game takes you on a quest where you learn about Louis Vuitton while collecting NFT postcards and earning rewards in the form of NFTs.

Since the game’s launch last year, it has had almost 2 million downloads and continues to grow.

 

Burberry Turns Heads

Additionally, Burberry launched its line of wearable digital clothing items as NFTs available in an online NFT game known as Blanks Block Party. The game is still in early access, but takes on the cartoony aesthetic of classics like Minecraft, Fortnite, and Roblox to create a fun multiplayer experience where players can interact with and show off their NFTs.

The items included shoes, armbands, and even a jetpack, which collectively earned the company upwards of 300 thousand dollars in revenue.

 

Digital Fashion Week

Popular Metaverse game Decentraland had its fashion week last March, garnering more attention and demand for NFT fashion. The virtual fashion event saw material from notable names like Tommy Hilfiger and Dolce & Gabbana.

Events like this are possible thanks to all the new and emerging virtual worlds on the Metaverse, which provides online gaming experiences in which players can flaunt their fashions and socialize with friends in various digital settings.

 

Metaverse Fashion for Independent Designers

The Metaverse has opened up many opportunities for fashion brands, corporations, and independent designers to make money and maintain authentic ownership over their ideas.

Even as brand-name companies expand into the metaverse, there is still a wealth of opportunities for independent designers, artists, or 3D modelers to enter the cyber fashion world or to work with these companies as they navigate a new digital frontier.

With more and more NFT games coming out with their demand for avatars, cosmetic items, exclusive collectibles, and more, the market is hot.

From there, the doors are open for the indies to compete against other fashion brands on somewhat equal footing. Otherwise, there’s an opportunity for indies to collaborate with corporations looking to expand into the Metaverse with their digital fashion lines.

As more NFT games like Axie Infinity and Sandbox grow, more rooms, realms, and worlds are being added to the Metaverse.

 

Fashion League Makes Designing And Buying Your Own Cyber Fashion Easy

Many digital artists, graphic designers, 3D modelers, and other artists can create their designs as they always have. However, now they can mint them as an NFT on their marketplace of choice, guaranteeing ownership and authenticity.

However, you don’t need extensive graphic design skills or other related fields to enter the NFT cyber-fashion world: Fashion League makes it easy for players to make their clothing designs without needing professional experience or software.

Through conversion events, fashion events, and social experiences, Fashion League also provides players with the opportunities to earn real money and have those fashion designs seen and minted as NFTs.

 

Fun-To-Earn, Fun-To-Make

Fashion League is a female-centered NFT mobile game centered around creating your fashion brand, designing your clothes, and managing a storefront while interacting with a community of players.

It is one of the first female-centered NFT games that focuses on the fashion element, giving the player complete customizable control over their aesthetics and empowering women to enter this emerging market with force.

As a player, you can make your own fashion designs, display them in your fully-customizable virtual storefront and gain exposure through various in-game multiplayer events.

The game follows a fun-to-earn model, where players are rewarded for consistently playing the game and can earn cryptocurrency and NFT rewards. They can use their money in-game to buy tokens or browse other players’ creations.

Additionally, the game allows players to purchase virtual land and rent it to aspiring business owners or digital designers.

 

Broad Horizons for Cyber Fashion

Thanks to the expansion and development of virtual worlds like Fashion League, designing and buying virtual clothes has become a highly accessible, affordable, and even lucrative experience for those with popular ideas.

Players can cultivate their economies within these virtual spaces and generate income through avatars, designs, and collectibles sold as NFTs for cryptocurrency.

The market for cyber fashion is still young and has a wealth of possibilities ahead of itself for those willing to adapt and put their creative skills to the test in the Metaverse.

If you’re looking for a fun and easy way to get started, consider Fashion League. Check out our site for more information.

 

Sources:

13 Celebrities Who Have Joined the NFT Crypto Art Craze | L’Officiel

Adidas Reveals New NFT Project With Bored Ape Yacht Club | Vogue Business

Elite Fashion Brands Continue Building in the Metaverse | The Defiant

Metaverse Games: How Are They Different and Where Can I Find Them?

The Metaverse offers a range of virtual worlds and avatars to explore, resources to collect, and items to earn, all of which can be minted as NFTs and exchanged for cryptocurrencies. But as the NFT market still grows, it may confuse some people about how to find and play these games.

Don’t fret! Let’s go over the growing potential of metaverse games, what sets them apart from conventional gaming, and where you can explore them for yourself. You’ll find it’s not hard to get in there now, earn your keep, and secure your digital property and assets.

 

What is the Metaverse?

The metaverse is a collection of virtual worlds, much like video games or RPGs.

Players can interact, form communities, start digital businesses, create public events, customize avatars, and more.

Most notably, these worlds offered the potential to experience financial gain in the real world by exchanging in-game assets or game currency minted as NFTs and sold for cryptocurrency with blockchain technology.

Many of these worlds offer a range of customization options and avatars, allowing for great flexibility and creativity in how you utilize your virtual property to earn crypto.

 

How Metaverse Games are Different: Fun-To-Earn Cryptocurrency

One thing that sets apart a lot of metaverse games is that they have the potential to earn the player real cash rewards for simply playing.

This is the Fun-To-Earngameplay model: Gather resources in-game and then use them to create or purchase items that can get minted as NFTs (non-fungible tokens).

Once your character’s items are NFTs, they get authenticated on the blockchain as real digital assets which you can sell for cryptocurrency.

These NFT games offer players real financial growth in exchange for their time spent online, gathering resources, and contributing to their growing online community and virtual world.

 

Other Digital Assets in the Gaming World

Besides gathering resources, there are many other ways a player can earn real money in various NFT games:

  • Creating or earning rare items in-game
  • Designing avatars and minting them as an NFT
  • Growing a virtual storage and production space where digital assets can be held and made
  • Stimulating a virtual economy
  • Cultivating a space where NFT art can be exhibited and exchanged
  • Creating ticketed events for other players to attend
  • Renting a piece of real estate to another player

 

Digital Real Estate in the Metaverse

Many NFT entrepreneurs are excited about virtual worlds’ digital real estate potential like those in metaverse games. As these digital ecosystems fill up, certain locations for digital property can become highly valued and lucrative to hold on to as an investment.

This is possible because those digital plots of land are minted as NFTs on the blockchain, making them authentic and legitimized for secure purchase and exchange.

Many of these virtual realities in blockchain games have limited land space, generating scarcity and value.

 

Digital Real Estate is Gaining Popularity

There certainly is enthusiasm and competitive momentum in the gaming industry regarding player housing. This will likely apply to metaverse games while fueled even more by the financial incentive.

Once the digital property is acquired, it can be sold or rented to other players. In this way, players can create a source of somewhat regular income for themselves, either by purchasing property and developing it or renting that space to others for crypto.

Players can choose to use their player-housing as an exhibition place, storage, office, storefront, or any other business structure to earn crypto and motivate a virtual economy.

 

Where To Find Metaverse Games

Before you can get started playing the metaverse game of your choice, there are a few things to note:

  • Many Metaverse games require you to have a crypto wallet, such as Coinbase or Metamask.
  • You will also sometimes need to buy a cryptocurrency such as Ethereum, Bitcoin, or in some cases, the game’s specific token.
  • Some games connect to NFT marketplaces like Opensea or Rarible to sell digital assets like avatars, items, decorations, emotes, and more.

Most of the time, you’ll have to explore each game’s website to locate the installer and find out which specific wallet, cryptocurrency, or NFT marketplace may be required. Be sure to use a solid computer with a good internet connection.

 

The Best Metaverse Games

Explore, do your research, and have fun! Here are some examples of popular Metaverse games out today to give you an idea of what to expect out there in the growing world of NFT gaming:

  1. Decentraland
  2. Sandbox
  3. Axie Infinity
  4. Fashion League

 

Decentraland

Decentraland is a game that allows the player a great range of creativity in the kind of virtual worlds they want to create and inhabit. The game allows you to browse a series of unique player-made destinations, which can be anything from businesses to gathering places, to completely bizarre and alien worlds.

Players can buy and sell digital property, clothing, items, and avatars as NFTs for Decentraland’s custom cryptocurrencyMANA.

 

Sandbox

The Sandbox takes on the blocky aesthetic of classic pixel games and gives it a fresher 3D aesthetic, similar to Minecraft. The game allows players to use a modeling tool to create their avatars, vehicles, weapons, pets, etc. You can then sell these items in Sandbox’s very own marketplace.

This virtual land game also has a Game Maker function, where players can create their games without getting into the nitty-gritty of real game development.

 

Axie Infinity

Axie Infinity is a gaming experience inspired by Pokemon. However, it leans further into the pet-sim angle, allowing the player to take care of and nurture their own ‘Axie,’ a fantasy creature they can collect, trade, breed, and watch grow. There is a wealth of creatures with various body parts to customize.

After you collect your Axies, you can look for resources or fight with other Axies for rewards. The game has its own set of tokens called SLP and AXS, which get used in the transactions of items, and of course, Axies, which are all minted and sellable as NFTs.

 

Fashion League

Fashion League is unique among other NFT games because it strives to be the first female-centered NFTRPG on the blockchain. In this game, you can build and customize your store on a digital property, where you will shape your clothing brand and find your voice in fashion.

In Fashion League, the player will create and design clothing, then sell it on the in-game marketplace to other players and NPCs (Non-playable-characters) for in-game cash that can be converted to FL’s own utility token and later on exchanged for cryptocurrency. This game provides an environment for fashion-loving gamers to build their virtual businesses while fostering a digital economy and online community.

Check out our website to learn more about how to start your fashion empire.

 

Sources:

Understanding NFTavatars: buying, selling and creating | finder.com

What Is Digital Real Estate? | The Motley Fool

Explained: Play-To-Earn Games In Metaverse And How They Work | cnbctv18.com

How Much Does it Cost To Make an NFT?

NFTs (non-fungible tokens) continue to attract more artists and developers to the idea of legitimized, authentic ownership of digital artwork and assets.

However, it’s understandable that many interested in minting their digital artwork as an NFT may not yet have much experience in cryptocurrency or the costs associated with selling art on the blockchain.

While it may seem overwhelming or complicated, navigating the NFT marketplace is not much more complex than navigating any other conventional market. Still, many people are confused about the costs associated with minting an NFT, which can often vary from platform to platform.

But fret not. We’re here to help you navigate all the nuances of NFT finance.

 

Opening A Cryptocurrency Wallet

Before getting into the NFT marketplace, you’ll need to download a crypto-wallet to connect to your account. Luckily, this step is usually completely free.

The following wallets have no required subscription fees or download costs and allow you to store crypto for free:

  • Coinbase Wallet
  • Zen Go
  • Metamask
  • Trust Wallet

Some platforms may have transaction fees for credit cards or bank transfers when purchasing cryptocurrency. Also, it is pretty standard for crypto-wallets to charge a small percentage withdrawal fee.

While there are some ways to navigate around paying these fees too steeply, you should expect to have to give a small cut of the money you exchange through crypto-wallets and NFT marketplaces alike.

 

Gas Fees

Gas fees are the most common costs associated with crypto-wallets and NFT marketplaces.

Maintaining and authenticating thousands of transactions simultaneously on the blockchain is no small task. It requires massive computing and electronic power to do this. This is why most of the popular NFT and crypto platforms depend on only a few blockchains with the most power available, such as the Ethereum blockchain.

 

Keeping the Lights On

These blockchains need to charge fees for the costs associated with compensating blockchain miners for maintaining and verifying transactions. These are gas fees because they contribute to ‘powering’ transactions.

This gas fee can vary quite a bit depending on your platform, the type of transaction you’re making, and market performance.

Day by day, even hour to hour, depending on traffic, the average gas price for Ethereum transactions can rise or even fall by triple. So expect to deal with a fair measure of volatility regarding gas fees.

And if you’re working with a platform on the Ethereum blockchain, you’ll have to buy at least a little bit of its native cryptocurrency ETH to pay these fees.

 

NFT Minting: Fees To Expect

NFTs are non-fungible, meaning they can’t be exchanged like conventional or cryptocurrencies. Still, they are verified as tokens on the blockchain, much like cryptocurrencies, and must be minted.

However, when we talk about minting an NFT, we’re just describing the process of making that NFT purchasable and verifiable on an NFT marketplace through the blockchain.

Minting an NFT can be quite taxing on the blockchain, depending on how many assets are being verified. The fees associated with minting can vary from platform to platform.

 

Free To Look

Many popular NFT Marketplaces, such as Opensea, SuperRare, Foundation, or Rarible, do not charge subscription fees for creating an account.

However, when it comes to transactions, expect to have to connect your crypto-wallet and exchange their blockchain’s native cryptocurrency.

While it’s usually free to browse, some NFT marketplaces like Opensea or Rarible will charge between 2% and 3% for the cost of purchasing or listing an NFT. Other platforms can charge upwards of 15%.

Additionally, some platforms have introduced features that allow users to trade paying gas fees for slower speeds and less computing power in an effort toward environmental sustainability.

 

Volatility in Minting Costs

The price to mint an NFT can differ wildly depending on the blockchain and the time of minting. Indeed, this price is subject to change from minute to minute.

Some blockchains can cost less than a dollar to mint an NFT on, but they may not have a broad user base – and most NFT artists want to choose a marketplace that many users browse.

This means that the more prominent and popular blockchains, such as the Ethereum blockchain, with more computing power available, can expect to attract more NFT traffic consistently, should their fees stay reasonable.

However, the trick is that as traffic increases on the blockchain, fees begin to skyrocket. The more busy the blockchain is, the more its power is being drained, and the compensation price for using the blockchain will soar.

It’s essential to keep track of gas prices on your or your marketplace’s blockchain of choice before trying to mint or buy an NFT.

 

NFT Gaming: A Loophole

While fees can always be somewhat expected when dealing with a blockchain, whether in NFT marketplaces or even when dealing with cryptocurrency, there are some creative ways to avoid hefty minting costs and other fees.

If you’re interested in NFTs as an entrepreneur and you’re not necessarily trying to mint your artwork as an NFT, you may find some opportunities in gaming.

NFT games are video games that allow the player to farm, scavenge or craft for rewards in the form of NFTs. Many of these games are free-to-play or offer free-to-earn options.

Just for spending time playing, gamers can earn real monetary value from NFTs and then trade or sell those NFTs in the game’s marketplace.

Additionally, many of these games allow the purchase of digital land or real estate, which can then be rented out to players for cryptocurrency or developed and sold as an NFT.

Depending on the game, some will charge the player little to no gas fees, as the NFT is issued as a kind of “reward” for in-game effort.

 

Fashion League: Free and Fun To Earn

Fashion League is an NFT RPG taking on the gaming world as one of the first female-centered NFT mobile games on the blockchain.

Like other NFT games, Fashion League is free-to-play but offers options where players can invest in a storefront or plot of land. By building and developing their store, a player can attract the attention of digital buyers and even fashion companies looking for new ideas.

Players can interact with other players, collaborate on ideas, and hear critiques on their storefront and the fashion they design.

Additionally, they can purchase and exchange avatars and cosmetic items as NFTs.

 

Virtual In-Game Player Economies

Fashion League allows players to compete for rewards by designing their clothes and creating their brand to stand out, and helps them have their fashion designs minted as NFTs.

As players exchange their favorite brands and ideas, they can watch their most loved designers grow and expand their businesses in real time.

Fashion League is pushing the frontiers of digital fashion by offering a virtual space like the Metaverse, where digital style can be displayed, talked about, and browsed by users worldwide, allowing virtual fashion empires to spring up and prosper.

Players can also trade in-game cash for crypto in the form of Fashion League’s DSIGN token or NFTs by competing in weekly conversion events or winning design contests and fashion events.

Or, as a Land Owner, a player can make a passive income from tenants paying rent on their plot of digital land.

 

Gameplay in Fashion League

What players will find appealing about Fashion League is its Fun-To-Earn gameplay model, wherein the player can earn real NFTs within the game.

Regular gameplay events allow players to earn crypto or NFTs while showing off their avatars and outfits.

Fashion League will offer the player creative freedom in designing their store and outfits to stand out and win contests. You can personalize your whole space, as well as your aesthetic.

You can even team up with merchandisers to sell and trade your products.

 

Conclusion: Costs Are Volatile

Whatever step of the process you’re in, you’ll likely see fees changing quite a bit. You’ve probably noticed that even just from reading this article.

Gas fees are always subject to change depending upon the degree of traffic in the blockchain at that moment, and those fees can be applied both to cryptocurrency exchanges and NFT minting or purchasing.

Many entrepreneurs go virtual, cultivate their digital economies, or create businesses within NFT games.

So pay close attention to traffic on the platforms and blockchains you use, and invest promptly. There’s an ever-expanding world out there waiting to see your future NFTs. Get started today with Fashion League.

 

Sources:

Rarible Introduces Zero-Cost NFT Minting Feature | CoinTelegraph

How Much Does Minting an NFT Cost? | Pastel

Ethereum Average Gas Price | YCharts

Coinbase Fees- How to Avoid Them | Boxmining