Most of the fashion marketplaces in existence deal in physical objects but a new wave of digital fashion is emerging thanks to startups like DIGITALAX. The world’s first digital fashion NFT protocol was created to address problems like the decentralized digital fashion supply chain and the marketplace gives designers the opportunity to sell their virtual creations.
On the marketplace, users will find auctions for pieces like digital-only dresses, footwear, suits and more that defy what can be created with physical materials.
With NFTs, DIGITALAX sees potential to change virtual reality and gaming, as creators are looking for unique ways to outfit their virtual avatars and express themselves. The startup is committed to giving designers and developers the ability to collaborate on digital materials, patterns and the creation of other assets.