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What is NFT?
NFT stands for Non-Fungible Token. The NFT is a type of Cryptocurrency that is a part of the ERC-721 token standard. It was invented in 2017 and has been gaining popularity ever since.
What does cryptocurrency have to do with fashion?
NFTs are the latest craze in the world of fashion and it's not hard to understand why. Fashion brands can use NFTs to represent their products, which allows them to store all the information about each product on an immutable blockchain database. In addition, they can leverage blockchain technology to automate distribution and sale of their products without intermediaries like wholesalers, retailers or distributors. This means that brands can regain control over their inventory, avoid counterfeiting issues, and be able to sell directly into the hands of consumers anywhere in the world at any time. Here's how NFTs can change everything about how we buy, sell, and make clothes!
Reasons why!
Fashion style
Economic growth and development
Technology straight
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