Global Metaverse Fashion Innovators Roadshow
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The document outlines a detailed schedule and insights from a conference focused on innovation in metaverse fashion, featuring various speakers discussing topics like digital fashion solutions, NFT ecosystems, and sustainability challenges in the fashion industry. It also highlights the significant market potential of the metaverse, projecting substantial growth in revenue and consumer engagement by 2030. Additionally, the document emphasizes the integration of digital fashion with traditional fashion and explores monetization strategies through NFTs.
Global Metaverse Fashion Innovators Roadshow
- 1. 12:55 - 13:10 EST "Innovation in Fashion Brands Metaverse Shopping Experiences" Ruben Sananes, CEO & Founder at IMRSIVE 13:10 - 13:25 EST "NEOMODEST: Inclusive, Accessible, Decentralized Metaverse Fashion" Afroja K, Founder at NEOMODEST 13:25 - 13:40 EST 13:25 13:40 EST "XTENDED iDENTiTY: The Experiential Digital Fashion Lab" Xing Yunjia, Co-Founder at XTENDED iDENTiTY 13:40 - 13:55 EST “GAD (Garment Automated Digitisation)” Pietro Dalpane, CEO & Co-Founder at D G DeepGears 13:55 - 14:10 EST "Fostering Interoperable Digital Fashion Through Graphics Technology" Se-Joon Chung, CEO & Co-Founder at AForm 14:10 - 14:25 EST Coffee Break 14:25 - 14:40 EST “3D Garment Creation to Simulation - Connecting Digital Fashion with Digital Human” K th R CSO t ti Kenneth Ryu, CSO at z-emotion 14:40 - 14:55 EST "A Luxury Fashion Brand & Web3 Marketplace" James Costa, Founder at Clubhouse Archives 14:55 - 15:10 EST "Marketing Digital Fashion with Avatar Generated Content" Diego Rios, Founder at Animalz 15:10 - 15:25 EST "CreatedBy DAO: A Phygital NFT Ecosystem" Tom Wallace, Founder at CreatedBy DAO 15:25 15:40 EST Schedule 12:00 - 12:10 EST "Introduction" Alex G. Lee, CEO & Founder at TechIPm 12:10 - 12:25 EST 15:25 - 15:40 EST "MaisonDAO: Decentralized Digital Fashion Brand and ArtTech Collective" Elena Nazaroff, Co-Founder at MaisonDAO 15:40 - 16:05 EST "Browzwear Innovative 3D Digital Fashion Solution" Afsha Iragorri, 3D Fashion Designer 12:10 12:25 EST “JENS LAUGESEN X METASENS Digital Collaboration in London Fashion Week” Jens Laugesen, Founder at JENS_LAUGESEN DESIGN ADVISORY 12:25 - 12:40 EST "Ecoolska: Phygital Sustainable Fashion Brand" Olska Green, Founder at Ecoolska 12 40 12 55 EST TechIPm, LLC g g g at 3D Fashion Solutions 16:05 - 16:20 EST “Innovative 3D Digital Fashion Design” Olesya Pupchenko, Director at Global Rise Group 12:40 - 12:55 EST "WEARSPACES: Dress like a game-changer in Metaverse & IRL" Julien Chmilewsky, Co- Founder at WEARSPACES
- 3. Metaverse Fashion Challenges & Opportunities The fashion industry represents the estimated global revenues of $1.5T. The global counterfeiting industry is expected to hit the $4.2T mark by 2022. References The fashion industry lost more than $50B in 2020 due to the sale of the counterfeit products: Clothing appears to be the most counterfeited product followed by cosmetics and personal care, watches and jewelry, handbags and luggage. The COVID-19 pandemic accelerates the digital transformation globally, and the fashion industry is no exception. Citi expects the metaverse economy as large as $13T by 2030 and Gartner predicts that 25% of people will spend at least one hour a day Citi expects the metaverse economy as large as $13T by 2030, and Gartner predicts that 25% of people will spend at least one hour a day in the metaverse by 2026. The creator economy has already exceeded a $100B market size. The NFT market reaches $1.05T. The wearable NTF market is expected to be $11B in 2022. Fashion industry lends well to the metaverse where the ecosystem includes metaverse fashion digitalization, metaverse fashion house/brand, h i l f hi h d f hi k l il d h f hi k i d i Phygitalwear, metaverse fashion show and metaverse fashion marketplace/retail, and the metaverse fashion market is expected to increase up to $55B by 2030. As sustainability became the mainstream business the anti-sustainability and anti-circularity nature of the fashion business place As sustainability became the mainstream business, the anti sustainability and anti circularity nature of the fashion business place the sustainability as the top priority agenda in the fashion business practices. Fashion digitalization and the metaverse fashion can be a potential solution for mitigating the anti-sustainability and anti-circularity nature TechIPm, LLC of the fashion business. Gen Z and Gen Alpha become the future big spenders and sustainability advocates in fashion.
- 4. Metaverse Fashion Ecosystem y Metaverse Fashion Value Chain Fashion Design Digitalization Solution Browzwear (https://browzwear.com); CLO Virtual Fashion (https://www.clo3d.com); Masterkey (https://www.masterkey.com.tr/) Metaverse Fashion House Fabricant (https://www.thefabricant.com/); Republiqe (https://republiqe.co/pages/digital-fashion) Metaverse Fashion Marketplace DressX (https://dressx.com); Tribute Brand (https://tribute-brand.com); RSTLSS (https://rstlss.xyz); Meta (https://about.facebook.com) Web3 Fashion Protocol Digitalax (https://www.digitalax.xyz); THE DEMATERIALISED (https://thedematerialised.com); Arianee (https://www.arianee.org); Boson Protocol (https://www.bosonprotocol.io) M t F hi Sh /Sh Metaverse Fashion Show/Showroom ALTAVA Group (https://altava.com); ORDRE (https://www.ordre.com); Style.me (https://style.me) Metaverse Fashion Brand TechIPm, LLC eta e se as o a d Balenciaga; Gucci; Burberry; Ralph Lauren; Dolce & Gabbana; Forever 21; Zara; Tommy Hilfiger; Prada
- 5. Developing Sustainable Metaverse Fashion Ecosystem: Issues & Requirements Monetization Potential Although digital fashion assets (e.g., wearable NFTs) can be the new revenue streams, monetization opportunities are not fully explored yet (still targeting specific NFT/game mania community, not fashion consumers in general). References (s a ge g spec c /ga e a a co u y, o as o co su e s ge e a ) -Development of innovative experience value propositions for consumers’ engagement is required (e.g., a digital cloth should have a personalized experience tied to it). -Design of NFTs for providing long-term utilities to unlock deeper relationships and create more shared values with customers is required (.e.g., utility NFTs for various value additions). Limited Quality C ’ t ti f th di it l f hi h hi h th h t’ ibl t d ith t d ’ t t f th t t h l Consumers’ expectations of the digital fashion are much higher than what’s possible to do with today’s state-of-the-art technology. -Quality control for providing minimum required look and feel (depending on various metaverse platform) should be provided. Legacy/Web2 + Digital/Web3 Fashion Business Integration egacy/ eb g ta / eb3 as o us ess teg at o Digital fashion should be considered as an addition of physical fashion. - As our real and virtual lives converge in the metaverse we need to acknowledge how one impacts the other. Simple ways of embracing digital/web3 fashion business for legacy/web2 fashion business are required. Sustainability Issue Although digital fashion can mitigate somewhat the anti-sustainability/circularity nature of fashion business, it can not solve fashion’s i h t t i bilit / i l it i inherent sustainability/circularity issues. -Digital fashion should be integrated with physical fashion to affect fashion business practice Ecosystem Players Integration TechIPm, LLC cosyste aye s teg at o Fashion communities supporting integration of metaverse fashion ecosystem players are need to be formed and operated.
- 6. Metavere Fashion NFT M ti ti NFT Monetization Overview TechIPm, LLC
- 7. Metaverse Fashion NFT Monetization Platform Architecture Metaverse Fashion NFT Monetization Platform Architecture TechIPm, LLC
- 8. NFT Monetization NFT Monetization Sales A NFT, which represents a physical/digital asset (ownership certification), can be monetized through the primary sales and secondary sales on marketplace. Popular NFT marketplaces include OpenSea Binance Lucky Block Nifty Gateway Foundation and Rarible marketplaces include OpenSea, Binance, Lucky Block, Nifty Gateway, Foundation and Rarible. *NFT sales do not mean the ownership transfer of the underlying physical/digital asset automatically. For the ownership transfer, an in-built smart contracts for the NFT may specify the ownership transfer but this is currently the exception and not the rule Usually NFT ownership means you have the token can display the token and can may specify the ownership transfer– but this is currently the exception and not the rule. Usually, NFT ownership means you have the token, can display the token and can authenticate your token ownership. Licensing Licensing A NFT, which represents the intellectual property (IP) rights of a physical/digital asset, can be monetized through the licensing for royalty incomes. *References for NFT licensing processes and legal issues: References for NFT licensing processes and legal issues: A Survey of NFT Licenses: Facts & Fictions (https://www.galaxy.com/research/insights/a-survey-of-nft-licenses-facts-and-fictions/) Copyright Vulnerabilities in NFTs (https://medium.com/initc3org/copyright-vulnerabilities-in-nfts-317e02d8ae26) Financing NFT IPs can be pooled to use as asset-backed securities for securitization financing from institutional investors. NFTs also can be pooled to use as collaterals for DeFi money markets (NFT+DeFi = NFTFi) money markets (NFT+DeFi NFTFi). *References for NFT financing: Can I interest you in NFT² Sir? (https://volquant.medium.com/can-i-interest-you-in-nft%C2%B2-sir-3c9c1b4caf19) TechIPm, LLC Can I interest you in NFT Sir? (https://volquant.medium.com/can i interest you in nft%C2%B2 sir 3c9c1b4caf19) A detailed analysis of NFT financialization: how to unleash the greater potential of NFT? (https://coinyuppie.com/a-detailed-analysis-of-nft-financialization-how-to-unleash- the-greater-potential-of-nft/)
- 9. NFT Valuation NFT Valuation Floor Price The NFT floor price is the lowest listed selling price for a NFT within an NFT collection on NFT marketplaces. Market Approach For a digital collectible/artwork NFT, a value can be evaluated based on recent comparable (similar asset characteristics) transaction price on NFT marketplaces. *A good valuation reference for artwork NFTs: NFT Valuation Guide (https://www.clearrating.com/resources/nft-valuation-guide) Income Approach A value can be evaluated based on regular cash flow generation potential through IP licensing and other income generating activities. A good example is the music licensing royalties. Prediction A value can be evaluated based on available historical market price data to predict current and future NFT values. Experts’ View A value can be evaluated based on (a cloud sourcing) experts' evaluation by incentivizing honest answers. *Upshot (https://upshot.xyz/) provides the NFT price predictions based on available historical market price data using machine learning models. Upshot also provides the TechIPm, LLC NFT appraisals by asking its decentralized user base to compare collectibles.
- 10. NFT Value Development p Scarcity A NFT issuer can develop the scarcity by designing NFT with some rare features/characteristics and controlling NFT supply and demand. NFTs that are issued by well- known brands/celebrities/community supports/fandoms/reputations/popularities also can add the scarcity. *NFT scarcity evaluation solution: Rarity.Tools (https://rarity.tools/)) and Rarity Sniffer (https://raritysniffer.com/) provide a ranking of the scarcity of individual collectible NFTs and how rare any NFT is within their collection. Utility An utility NFT enables an underlying application that provides some economic utilities through a real-world use case. NFT utilities include providing direct economic values to NFT holders (e.g., monetary return/rewards/redeemabilities/incentives/benefits) and/or functionalities (e.g., VIP membership/access pass/passport to exclusive experiences/events/communities/products/real estates) and/or diverse applicabilities (e.g., applications in metaverse/gaming/fashion/retail/sport/finance/music ...) and/or sustainabilities (e.g., life cycle management of a product) and/or technical features (e.g., dynamic/consumable/composable NFT; interoperability). *A good reference for the utility NFT: Here are the top NFTs with Utility (https://supplain.io/news/top-nfts-with-utility) Sustainable Tokenomics A good token economic system design enables a better NFT liquidity, and thus, an economically sustainable NFT ecosystem , which significantly affects the long-term economic value of NFT holders. TechIPm, LLC *High liquidity provides an ability/opportunity to realize the expected/market value from a sale in a reasonable time frame.
- 11. NFT Finalcialization NFT Finalcialization NFT financialization refers to bringing NFTs closer to financial use, mostly, by making NFT useful in DeFi protocols. NFT financialization is the most important element of NFT monetization innovation to overcome the low liquidity and high price volatility of almost all NFTs currently. NFT Fractionalization splits a NFT into smaller fungible tokens that represent partial ownership of the NFT. The NFT is locked in a smart contract and the ownership remains with the original holder. Fractionalization can unlock liquidity for NFT owners and cheapens access to valuable NFTs, and improves the NFT market spectrum. An issue with fractionalization is a reconstitution after ractionalization. Buyout auctions alleviate the reconstitution problem to some extent. *NFT fractionalization protocols: NFTX (https://nftx.io/), Fractional (https://fractional.art/), NFT20 (https://nft20.io/), Unic.ly (https://www.unic.ly/), Szns (https://www.szns.io/) NFT Lending uses NFT as collateral for loans. In peer-to-peer lending, borrowers and lenders manually negotiate and come to an agreement for loan terms such as duration, interest rates and loan-to-value ratios in a peer-to-peer fashion. This lending enables a customizable loan terms without a need to rely on price oracles. Because the matching process is manual time-to-liquidity may be slow. In peer-to-pool lending, liquidity providers fungible tokens into pools and borrowers take up loans from these pools instantaneously. Borrowers should put up their NFTs as collateral by locking them in smart contracts (digital vaults). This lending, however, must rely on price oracles to automate loan terms. *Peer-to-peer NFT lending protocols: NFTfi(https://www.nftfi.com/), Arcad (https://www.arcade.xyz/), MetaStreet (https://metastreet.xyz/) *Peer-to-pool NFT lending protocols: Bridgesplit (https://www.bridgesplit.com/), BendDAO (https://www.benddao.xyz/en/, PINE (https://pine.loans/), JPEG’d (https://jpegd.io/) NFT Rental market is where NFT owners can rent out their NFTs to receive income and renters can rent NFTs to use but without owning them. In collateral renting, renter has to put up collateral to rent the NFT to use (e.g., reNFT (https://www.renft.io/). Collateral-free renting separates ownership and utility of an NFT (e.g., IQ Protocol (https://iq.space/#top). TechIPm, LLC NFT Price Discovery uses AMMs (Automated Market Makers)/bonding curves for an automatic price discovery in DeFi exchange liquidity pools (e.g., Uniswap and Sushiswap). *NFT Price Discovery protocols: Sudoswap (https://sudoswap.xyz/#/), Pilgrim (https://pilgrim.money/), Rootswap (https://rootswap.xyz/)
- 12. NFT Financialization Ecosystem Comparison NFT Financialization Ecosystem Comparison Nichanan Kesonpat: https://medium.com/1kxnetwork/show-me-the-liquidity-evaluating-nft-financialization-methods-f3c30bf8f08c GBN: https://www.gbv.capital/insights/sx1yoj9yut3i4o41siczbid7hf3y3q TechIPm, LLC Messari: https://twitter.com/messaricrypto/status/1463188515919998984 Fundamental Labs: https://fundamentallabs.substack.com/p/financialized-nfts-evolving-opportunities Matrixport: https://matrixport.medium.com/nft-financialization-trends-and-opportunities-35a98076ff1
- 13. Metaverse Fashion Ph it l BM Phygital BM TechIPm, LLC
- 14. Metaverse Fashion Phygital Franchise Metaverse Fashion Phygital Franchise TechIPm, LLC
- 15. References References I invite you to watch the video replay of metaverse fashion global leaders' presentation: Ayesha Mubarak Ali's presentation "Phygital Fashion And Identity" https://www.youtube.com/watch?v=d8Z0ECivzzk Lauren Kacher's presentation "Phygital Fashion in A Decentralized Ecosystem" Lauren Kacher s presentation Phygital Fashion in A Decentralized Ecosystem https://www.youtube.com/watch?v=S3FBcEaAF8w Fahmid Uddin's presentation "Phygital Fashion with NFTs" htt // t b / t h? GF f655J J https://www.youtube.com/watch?v=GFuf655JpJo Nova Lorraine's presentation "NFT based Monetization for Metaverse Fashion" https://www.youtube.com/watch?v=5FyHGchMcoY Marta Waydel's presentation "Web3 for Sustainable Fashion" https://www.youtube.com/watch?v=M94bp9-_-nk Miki Elson's presentation "DAO And Sustainable DeFi For The Metaverse Fashion Ecosystem" https://www.youtube.com/watch?v=tBGfzkIDpVg Jade McSorley's presentation "Fashion Digitalization Opportunities & Risks" https://www.youtube.com/watch?v=RQnyWlnIR9A p // y / Q y Louise Laing's presentation "Digitalization for Sustainable Fashion" https://www.youtube.com/watch?v=Ci3e_4xW4Zc TechIPm, LLC
- 16. TechIPm, LLC