Karin Broennimann | Fashion League, Author at FASHION LEAGUE - Page 2 of 4

How (And Why) To Buy Land in the Metaverse

The Metaverse is at the forefront of a renaissance within the NFT (non-fungible token) marketplace. Blockchain technology continues to develop and expand toward new possibilities while consistently growing in popularity.

Originally just used for digital artwork, memes, and videos, the NFT marketplace continues to expand its potential, even into the world of NFT gaming. Now, NFTs can give authentic ownership and real monetary value to digital assets such as character avatars, cosmetics, in-game tools, and digital property.

Leading this new movement in the market, the Metaverse stands as one of the first frontiers of digital land ownership.

So, how do you invest in your virtual plot of land in the Metaverse, and why should you? Fashion League is here to show you the ropes.

 

The Basics: Buy Crypto

To authentically own your digital property, you might want to get familiar with the NFT marketplace first.

If you haven’t yet, start by signing up for a crypto wallet. These wallets function similarly to any stock exchange and are very user-friendly. Some examples include Metamask, Coinbase, Gemini, and many others!
You’ll need a wallet to purchase cryptocurrencies, like Bitcoin or Ethereum.

Cryptocurrency is the main currency used in NFT marketplaces. If you plan to buy, sell, or make your own NFTs, you’ll need to have some cryptocurrency to cover minting costs, exchanges, and gas fees. Keep in mind that many metaverse platforms operate off of the Ethereum blockchain.

You could consider these fees as service fees necessary to keep the marketplace, blockchain, and web servers running.

 

Connect Your Wallet: NFT Marketplaces to Explore

You’ll also want to get familiar with an NFT marketplace of your choice. These platforms, much like a traditional online marketplace, allow you to exchange cryptocurrency for various NFTs by connecting your crypto wallet.

Certain NFT games may function through one of these marketplaces, so if you’re planning to get involved in NFT gaming, look into how the economy will work in your game of choice.

Some examples of NFT marketplaces are:

  • Opensea
  • Rarible
  • SuperRare
  • Foundation

 

Join the Metaverse

Simply put, the Metaverse is like a digital cosmos composed of various virtual worlds, which take the forms of different platforms or RPGs. The Metaverse is an umbrella that includes any virtual landscapes being developed on the blockchain.

Millions of dollars in value are amassing in cryptocurrency and digital assets through various platforms.

 

Metaverse Platforms

The Metaverse is already massively popular, particularly within a few platforms on the Ethereum blockchain. Major corporations and independent investors are already buying virtual land on popular platforms like Decentraland and Sandbox.

This doesn’t mean that more independent developers are ignored, either. The Metaverse has the potential to create a lot of value in digital assets for anyone who can make an appealing new frontier, a new virtual landscape.

Fashion League is an NFT game making strides to stand out amongst the other platforms, taking its place as one of the first female-centric fashion games to enter the Metaverse.

Fashion League not only deals in digital assets like virtual real estate but allows the player to compete to have their fashion designs and brand minted as an NFT.

 

Exploring The Metaverse

Various new platforms are being developed on the Metaverse via the Ethereum blockchain. You might be curious how these different games and virtual social spaces compare.

Let’s take a look at some popular and emerging platforms:

 

Fashion League

Fashion League will be the first female-centered NFT Fashion RPG on the blockchain. This game allows players to compete to have their fashion designs minted and sold as NFTs while also being allowed to try out some new designs from established brands and leave feedback.

Fashion League will also feature cryptocurrency competitions, rewards tasks, and the ability to create your digital storefront.

 

Sandbox

Sandbox is an NFT game on the Ethereum blockchain that reminds a lot of players aesthetically of Minecraft. It has a cute, boxy, pixelated art style.

Aside from purchasing land, the player is free to create their avatars, minigames, vehicles, pets, and more and mint them as NFTs, saleable on Sandbox’s marketplace.

 

Decentraland

Decentraland is all about creative freedom, allowing the player a wide range of options to craft their unique destinations while inviting friends and neighbors to check out what they made.

Decentraland has its cryptocurrency, which is exchanged for in-game property: Digital assets like avatars, clothing, and other items minted as NFTs.

 

Axie Infinity

Axie Infinity is a game much like your average pet-simulator meets Pokemon. You get to collect, train, breed, and sell your very own cute little Axie creatures as NFTs. There are many creatures to choose from, with a solid range of customization options.

 

Other Notes about Metaverse Platforms and Crypto

Choosing your platform is the last but most crucial step of the process. Be sure to seek out something that has the potential to catch the interest of other brands, offering them the opportunity to invest and expand virtually.

As you may have noticed, different platforms require you to purchase various cryptocurrencies to participate in that platform’s economy.

The same can be said for NFT marketplaces. While some platforms operate and sell their NFTs through an established online marketplace like OpenSea or Rarible, other platforms may create their own in-game NFT marketplaces.

These factors are essential to consider when assessing where you should digitally invest.

 

Why Go Virtual? Why Buy the Metaverse?

The simple answer is: Demand.

The Metaverse has caught the interest and the budget of many influential business owners and billionaires.

Besides the unbridled interest and support celebrities like Elon Musk have brought for cryptocurrencies, Mark Zuckerberg has expressed his commitment to the Metaverse, even rebranding his company Facebook over to Meta. This is a move that is sure to catch the interest of major corporations worldwide.

As evidence shows, it has. Corporations like Atari and Adidas invest thousands into digital land in the Metaverse. Some of the largest land-holders right now are significant corporations.

With that kind of money and influence backing it, the Metaverse has the potential to build a robust and supportive foundation and a dedicated fanbase while offering a potentially profitable investment opportunity.

Like any real estate, as long as it is desired by deep pockets, passionate techies, and opportunistic investors alike, digital land can generate and hold real value. This will be especially true after digital land develops into viable virtual business spaces, storefronts, or social spaces by players and businesses.

 

The Metaverse Offers a Unique Opportunity

The Metaverse also offers a unique opportunity to enter the digital arena as an investor when it is still young in its development. This gives the investor immense power in how they choose and who they choose to buy digital assets or NFTs.

While a few platforms on the Metaverse are more popular than others, the marketplace is so fresh that you can expect to see the emergence and ascension of many independent and unique NFT games throughout the incoming years.

 

Fashion League and Digital Market Frontiers

Fashion League has the potential to generate the interest of fashion brands that are looking to test out products and expand their horizons into the digital world. Luxury brands can offer unique clothing and cosmetics for your avatar, minted for authenticity as an NFT and exchangeable as a viable investment.

This NFT RPG game is one of the first female-centered NFT games on the blockchain. With a focus on empowering women in the business and financial world, Fashion League stands to make a big splash by offering inclusivity and opportunity for women in a new, emerging digital marketplace.

Create the fashion designs of your dreams, and compete to see them minted as NFTs!

 

Gameplay

Fashion League offers players the opportunity to create a storefront and start their virtual fashion brand with the potential to have the clothing designs minted as NFTs. Players can also complete tasks to gain rewards and potentially crypto.

As a new frontier, the Metaverse stands open to anyone who will seize it, making it ripe for opportunity, especially for those previously shut out of an over-saturated conventional marketplace.

Fashion League is seizing this moment to create opportunities for aspiring virtual business owners and veterans of investment and business alike.

It gives the potential for prospecting business owners to create viable assets and build their brand voice. They can test products on a virtual audience to gauge the reception or develop a design for another company.

Fashion League is growing toward creating a space for creative and independent voices to express themselves through fashion, gain exposure in the NFT marketplace, and build products and businesses they may not have had the means to create previously on their own.

 

Sources:

Mark Zuckerberg’s metaverse vision revealed on The Tim Ferris Show podcast | Fortune

The Sandbox reports a new $4.3 million land sale to Republic Realm | BeyondGames.biz

How to Buy Land in the Metaverse [2022]? | FinBold

Women-Led NFTs: Top Collections Changing the Industry

The NFT marketplace has a deep and powerful potential to lift voices that hadn’t always had the same opportunities as the traditionally wealthy and powerful. Women entrepreneurs, investors, and business owners are empowered daily by the options available through NFTs (non-fungible tokens).

NFTs have allowed women to claim authentic ownership over their artistic expression and protect their work. Digital creators can safely grow their voice and pursue their creative vision through the patronage they can earn through the NFT marketplace.

 

The Top 3 Women-led NFT Collections

Let’s look at some top NFT projects led by female creators, leaving a significant mark on the industry.

  1. Boss Beauties
  2. Fashion League
  3. Grimes

1. Boss Beauties

Boss Beauties released an NFT collection entitled Boss Beauty Role Models, inspired by the Gen-Z women who are changing the world today.

A series of portraits, each piece represents a different woman, with a diverse background, culture, or career, who changed the world in history or is changing it today in modern times.

These portraits have generated a fair amount of buzz after being the first NFTs displayed at the United Nations.

Lisa Mayer, founder, and CEO of Boss Beauties acknowledged that the unveiling was a historical moment. Such an event has undoubtedly changed the NFT industry, establishing a trend toward inclusivity and empowerment in artistic expression.

The Impact of Boss Beauties

Besides the empowerment and inspiration that comes from the artistic expression itself, from sharing the histories of so many strong women, Boss Beauties also has a noble goal.

Boss Beauties is an extension of the company founded by Lisa Mayer, called My Social Canvas. This company works to empower women emerging into the artistic and technological marketplaces by providing scholarships and mentorships.

Boss Beauties not only wishes to express empowerment creatively but to work practically toward a brighter, more inclusive marketplace for women.

Ripple Effect 

Thanks to the popularity of projects like Boss Beauties, Grimes’ NFT collection, and numerous others, the influence and drive toward inclusivity continues to grow with many new NFT collections.

Collections like WOW (World of Women NFT), WomenRise, Sad Girls Bar, and Remarkable Women all strive to create representation for women in the NFT art world. At the same time, these collections have helped secure equal opportunities for women digital artists in the crypto and web3 space while educating a future generation of makers.

 

2. Fashion League 

Fashion League is developing a virtual space to empower women entrepreneurs in fashion and design. 

Fashion League is one of the first female-centric NFT RPGs on the blockchain. It will allow women, and other players, to grow their brand voice and fashion business in a virtual space while earning real cryptocurrency and the opportunity to mint their unique clothing as NFTs.

The whole mission behind Fashion League is to give everyone opportunities in the NFT marketplace and the Metaverse at large.

Fashion League is helping women business owners seize their moment by providing digital space to build virtual businesses.

Fashion League Has a “Create-And-Own” Gameplay Model

While it would be unwise to undercut the financial opportunities available in Fashion League, it’s important to mention that Fashion League is still a mobile game. It’s committed to not feeling like work but following a Fun-To-Earn and Create-And-Own model. 

Empowering women gamers as well, Fashion League rewards players who complete in-game tasks with the ability to convert in-game rewards into Fashion League’s own utility token that can be exchanged into real cryptocurrency.

Without necessarily being a passionate designer or ambitious business owner, Fashion League provides entertainment for any gamers.

Like any RPG, your commitment and persistence within the game will earn you worthwhile rewards.

Creativity, Community, and Customization with Fashion League

Fashion League also offers a creative space to the player. A focal point of the experience of playing Fashion League is creating your storefront, clothing designs, and brand voice.

Players will compete to have their clothing designs minted as NFTs and made purchasable on the NFT marketplace, along with avatars and in-game cosmetics.

This NFT RPG is creating a community of players who can visit each other’s stores, collaborate on ideas, and try out other new and established brands from independent creators and significant companies.

 

3. GRIMES

Pop-star and innovative female artist Grimes made a giant splash last year in the NFT community by selling her digital NFT art collection for 6 million dollars. After being reported on by multiple media outlets, this success has opened up mainstream recognition of digital assets’ value in the music and art worlds combined.

Already hailed as an innovative, avant-garde force in the art world, Grimes followed the newest wave by putting her support toward the NFT marketplace, contributing art that was sure to catch the eyes of even the most skeptical viewers and becoming an NFT artist in the process.

Her support through her fanbase is undoubtedly strong, abiding, and valuable. The value of authentic ownership over one of her works was sure to create a lot of buzz around her own NFTs. Best of all, Grimes’ artwork was able to be protected and authenticated thanks to the blockchain.

The GRIMES NFT Collection

Grimes’ collection included ten original digital artworks sold on Nifty Gateway. These artworks included images, videos, and music. 

One major piece in the collection was called “Death of the Old,” a video that included haunting, spiraling imagery featuring crosses, biblical lights, and angels. 

The whole piece feels surreal with a desert setting and strikingly mixes the virtual with the mystical and spiritual. The video is set to an original song by Grimes describing insomnia, spiraling thoughts, and feeling beat.

Although under a minute long, the NFT sold for over 300 thousand dollars.

“Earth” and “Mars” Earn a Huge Profit for GRIMES

Grimes also sold the pieces entitled “Earth” and “Mars,” featuring similar surreal, science-fictiony, and biblical imagery with original songs. These NFTs, however, had thousands of copies each, sold for upwards of 7,000 dollars a pop. 

It’s no wonder that the influential pop-star Grimes made out with millions, leaving a memorable mark on the digital art industry as a whole and raising the eyebrows of fellow artists.

 

More About Fashion League NFTs

Fashion League is building a collaborative space that will serve as a solid support base for the empowerment of women within the NFT marketplace, the Metaverse, and the NFT gaming world at large.

 

Sources:

L’Oréal calls out lack of female representation in NFT space | Marketing Dive

Boss Beauties to Unveil Latest NFT Art Collection at the United Nations | PR Newsire

Grimes sold $6 million worth of digital art as NFTs | The Verge

What is a Minted NFT? What You Need to Know

The world of non-fungible tokens (NFTs) is constantly expanding and evolving as more and more entrepreneurs contribute to and develop blockchain technology. A new digital frontier, NFTs are a great way for digital creators to build their brand and earn money for their work.

With such rapid changes in the crypto and NFT industries, it can be hard to stay updated with new advances and terminology. But it’s important to give yourself a foundational knowledge of the blockchain, cryptocurrencies, and all the ins and outs of navigating NFT marketplaces.

Luckily, we’ve got you covered. Our breakdown will help you explore the ever-changing digital world of NFTs and learn how to mint your own.

 

What Is “Minting” an NFT?

The same concept applies to cryptocurrency: “Minting” is when a new token like Bitcoin (BTC), Ethereum (ETH), or Binance Smart Chain’s Binance Coin (BNB) is made. The concept of minting is one that’s been around as long as money itself. In the traditional sense, minting meant to create a new currency or to stamp a new coin.

For cryptocurrency, the minting process involves the token being published on the blockchain — an ultra-secure digital ledger with smart contracts — and stored in digital wallets.

NFTs participate in the same digital exchange as cryptocurrencies. Therefore, minting your first NFT or an entire NFT collection is just the process of creating and publishing it on the blockchain for purchase or exchange.

Even if that NFT is a piece of art, we would still describe its creation and publication on the blockchain as an authentic, viable token with a legitimate value as “minting.”

 

A Token but Not Quite a Currency: What Are NFTs?

NFTs are inherently non-fungible

Physical money and cryptocurrencies are both fungible

Although NFTs use blockchain technology in a similar fashion to cryptocurrencies and are technically minted as tokens, there is an essential difference in how NFTs (non-fungible tokens) and cryptocurrencies (fungible tokens) actually function.

NFTs are Inherently Non-fungible

They cannot be replicated or exchanged with each other. Within their metadata, they have a unique digital identifier that is securely recorded into a blockchain, preserving their authenticity. This means that NFTs cannot be traded in the same manner as cryptocurrencies can.

Physical Money and Cryptocurrencies are Both Fungible

They can be traded for one another quite easily. For instance, you could swap one $20 bill for another and have the exact value in your hands. Similarly, the value of 20 Ethereum can very easily be converted into a corresponding value in fiat currency or even another cryptocurrency like Bitcoin.

Trading NFTs would be like trading one famous painting for another or swapping one piece of property with another, except with digital files. While the two might have similar values, they won’t ever be identical.

So, even though NFTs are “minted” as tokens, undergoing a similar process of legitimization as physical currencies and cryptocurrencies, they still function much like real works of art.

 

Minting Your Very Own: The Basics

To have your very own minted NFT and sell NFTs, you’ll have to get familiar with cryptocurrencies, the digital marketplaces where they are exchanged, and the NFT minting process.

While it may seem tricky to navigate at first, the minting process is facilitated by a wealth of websites that offer easy user interfaces for blockchain publishing. Once you see the process step by step, you’ll likely find it quite easy to mint and exchange your very own NFTs.

 

A Step-by-Step NFT Minting Guide

As digital items, NFTs can take many forms. You might create an NFT from a piece of digital art, a gif, a song, a video clip, or a meme. Or, you might create a different asset like digital property, avatars, or cosmetics in a virtual game or virtual world.

Regardless of your creative goals, here’s a step-by-step guide to help you understand the basics of the NFT ecosystem.

 

Get a Digital Wallet

First things first: In order to mint your own NFT, you’ll need to have a digital wallet. These are used to store and exchange cryptocurrencies.

Luckily, you don’t need to be a technology expert to have your own cryptocurrency wallet. You can use wallets like Coinbase, Metamask, and a host of other public platforms to buy and save your cryptos in a safe, secure place.

These websites are generally as easy to learn and use as any stock-trading site or online marketplace.

 

Join an NFT Platform

Next, you’ll have to find an NFT platform — an online marketplace — that can publish and sell your NFT creation. This is an easy process that will allow people to pay for your assets or artwork with cryptocurrencies.

Some popular NFT marketplaces right now are OpenSea, Rarible, and SuperRare — all fairly user-friendly. If you’re feeling extra ambitious, you can even try to create your own NFT marketplace with a low-code NFT marketplace builder through Amazon’s AWS Marketplace.

If making your own feels daunting, though, there are plenty of other NFT platforms to try. Just do some research and find the one that feels best for you.

 

Pay the Gas Fee

Next, you’ll want to purchase a minor amount of cryptocurrency to cover the minting cost of your NFT. Most NFT-related transactions are carried out using well-established coins like Ethereum, but there are plenty of different crypto exchanges to choose from.

The minting cost exists because maintaining a blockchain requires significant electrical energy and computing power. Therefore, platforms like the Ethereum blockchain have to charge small fees known as gas fees to “keep the lights on,” so to speak. These fees are paid for in cryptocurrency.

As the scale of the blockchain has grown, alternative scaling solutions have been devised to help minimize the gas fees and significantly lower energy consumption. Of these, layer 2 scaling solutions like Polygon offer an higher transaction per second (TPS) capacity than Ethereum. Polygon is on the same level as Visa at 7,000 TPS, while Ethereum is much less accessible at 13-17 TPS.

The type of NFT you are making and the price you are charging for it will largely determine the cost of your gas fees.

Depending on market volatility, minting large projects may cost significant sums of money. If you are just a single creator with a few digital art pieces for sale, though, you typically won’t have to worry about paying anything more than a nominal minting fee.

Some marketplaces like OpenSea have also adopted a process called “lazy minting,” which mints the NFT at the moment of purchase to lower creators’ barrier to entry. This helps you avoid upfront fees until you’ve actually made a sale.

 

Put Your NFT up for Sale

Once you link your crypto wallet to the NFT marketplace of your choice, you will essentially have your own digital storefront ready to go. Next, you’ll turn your digital asset into a file that is compatible with the marketplace of your choice.

For example, if your NFT is a piece of digital art or music, your file type may need to be a JPEG, PNG, or MP3 file, depending on the art piece and platform. (This goes without saying, but make sure this digital asset is original — not copyrighted, owned, or made by anyone else).

You will typically be able to choose between uploading a single NFT or a collection of NFTs.

At this point, you’ll be prompted to enter a name, description, and a starting price for your crypto asset. Once that’s done, you’ll click the “create” button.

And that’s it! You now have a published, minted NFT.

 

Fashion League and New Frontiers for NFTs

While NFTs are primarily known as a new way to buy and exchange digital artwork, their use extends well beyond the world of art. Minting an NFT is a great option not only for digital artists but also for gamers and simulation developers.

As assets are becoming increasingly digitized, NFT games are making strides to create entertaining, virtual, online spaces where one can earn, sell, and store NFTs in the form of in-game items, characters, and spaces — all while making money in the form of cryptocurrencies.

 

Fashion League: The First Female-Centered NFT RPG

Fashion League is one such pioneer. We’re unique for being the first female-centered fashion game on the blockchain, bringing utility to digital assets like NFTs.

Fashion League’s free-to-earn model encourages gamers to play for in-game rewards such as resources, cash prizes, upgrades, or digital assets like land, avatars, or cosmetics.

As they collect funds, property, and materials, gamers will be actively discovering their own voice in digital fashion, building their brand from the bottom up, and creating their own digital storefront.

This is a fashion-oriented, empowering virtual NFT marketplace that jointly functions as an RPG (Role Playing Game) where you can explore, socialize, have fun, and build with friends — all while making money and contributing to a unique digital economy and virtual community.

Ever wanted your own storefront? Or a gallery to display your designer outfits without the real-world limitations and setbacks of business ownership? Then Fashion League could be the beginning of your new NFT fashion empire. Check us out today!

 

Sources:

What Does It Mean To Mint an NFT and How Do You Do It? | ArtEssere

What Is an NFT? Non-Fungible Tokens Explained | Forbes

How Much Does It Cost To Mint an NFT? | Just Creative

Lazy Minting | NFT School

The 5 Best Ethereum Layer 2 Solutions | MUO