Non-Fungible Tokens (or NFTs for short) have opened a new window of opportunity for the fashion industry in the video gaming industry. Fashion NFTs and Metaverse in video games enable players/consumers to acquire, wear, collect and even buy and sell fashion items online. Fashion NFTs are being described by many as tokenized wearables.
To reduce their carbon footprint, major fashion shows around the world in locations such as London, New York and Paris have moved their fashion shows online, and this can be crucial for today’s fashion industry. Can NFT fashion find its place in gaming? Find out more here.
What are non-fungible tokens?
Non-fungible tokens, more commonly referred to as NFTs, are digital assets that are intangible and appear as tangible items. For example, they may be digital media items, digital pieces of artwork or other similar digital content. They can also be described as virtual tokens or items that can be purchased with cryptocurrency and represent ownership of various digital items.
You can find some examples further below. They are created using blockchain technology, the same programming used by cryptocurrencies. Each NTF comes with a unique digital signature used to determine proof of ownership. If you’re still confused, join the queue. Although it sounds a lot more confusing than it actually is.
When a video game or NFT is purchased Metaverse, that transaction data will be automatically stored in a digital ledger known as the blockchain and cannot be manipulated or changed thereafter. In other words, the data hidden inside an NFT is non-exchangeable.
Can you get NFT in online casinos?
Unfortunately, you can’t buy NFTs in online casinos yet, but it won’t be long before you do. However, you can Claim the new free spins offer And other fab bonuses by visiting the official New Casino website now.
Examples of NFTs
Now, let’s take a quick look at a few examples of what NFTs can be. NFTs can include a variety of collectibles, and some common NFTs that many of you may already be familiar with are:
- Digital fashion items (eg, sneakers/trainers, sunglasses, hats, gloves, etc.)
- Video game skins and virtual avatars (eg, purely aesthetic clothing or a graphic download that changes appearance video games character/avatar)
- the music
- Small pieces of digitized artwork
- Video highlights
- Sports highlights
- Sports memorabilia
Which global fashion houses and brands have created NFTs for gaming or hosted fashion shows?
Some of you might be surprised to know that several iconic fashion brands in the world have already developed NFTs and many major fashion houses have already organized virtual fashion shows. Even more surprisingly, these events have been a huge success, and many video gamers now own their own fashion-themed NFTs.
Sales of fashion NFTs have never been higher, and it looks like NFT fashion has already found a new home in the gaming industry. Examples of companies that have created fashion NFTs include:
- Nike (RTFKT owned by Nike)
- Louis Vuitton
- Dolce and Gabbana
- the gap
- Jimmy Choo
Other honorable mentions
You can now find fashion-themed NFTs from the likes of Tiffany, Prada, Nars, Gucci, and Clinique, to name just a few. When you buy an item from a trusted seller, like one of these iconic fashion brands, you also get ownership of the items you buy. The value of each NFT may also vary. Sometimes values can drop dramatically and other times, they can skyrocket.
Your NFT might be worth $100 one week, and then a few months later, it might be worth $7,000. Or, you can buy one for $1,000, only to have it be worth $20 if the price crashes. Property rights help raise standards.
From which game can I buy fashion NFT?
One of the most notable games you can buy fashion NFTs are Minecraft. You can now buy in many other games from Atari and Microsoft as well. For example, they can be purchased in Axie Infinity, Splinterlands, The Walking Dead: Empires, Gold Fever, Illuvium, Gods Unchained, Battle Racers, and Alien Worlds.
If you’re looking for something completely different and decide to claim free spins when you sign up at an online casino, be sure to check out a popular new NFT-themed online slot machine called NFT Megaways. It was developed by a company called Red Tiger Gaming and was the world’s first NFT-themed slot featuring cryptopunks.
It has 6 reels and has up to 200,704 different ways to win per spin (aka megawage) and on any lucky spin, it’s possible to win up to 10,000 times your stake. However, you must be at least 18 years old to play this game in real money mode.