NIKE acquires NFT company RTFKT – Digital Fashion Trends

WHAT ARE NFTs?

NFT stands for a non-fungible token, and it allows people to transact online. So you’re essentially doing your buying and purchasing online. This isn’t your typical purchase. It’s all one-of-a-kind since the products you’re paying for are virtual, and you’re surrounded by digital fashion.

The blockchain maintains track of everything you own in this NFT fashion world. All of your possessions are accessible with a single click. 

So, If you’re wondering what you can truly own. Here’s the answer, the choices are endless, from the tunes to the games, all the way to the shoes and frames. This also includes digital clothing, of course!

WHY NFTs?

Did you know that RTFKT announced a partnership with young artist FEWOCiOUS in February earlier in 2021? The purpose was to sell actual and virtual footwear. Can you guess what happened? In less than 6 minutes, over 600 pairs were sold. They were all NFTS. The figures were impressive enough to bring in more than $3.1 million at the time.

The NFTs of today are like a snowball that will grow bigger with each blink of the eye.  It is forecasted that 10% of the luxury business would be made up of NFTs even before ten years. The importance and worth of NFTS is a well-kept secret that only a few people are aware of. Is it prudent to pass up this once-in-a-lifetime opportunity?

So, It’s time to enter the world of tomorrow, the world of modernism and wonders. Yes, that’s the ultimate fashion technology, or simply the world of NFT fashion.