Fashion is a good old industry that has been around for centuries if not millennia. We, humans, love expressing ourselves through the clothes and accessories we wear. As the world becomes more digitized, we need digital fashion to express ourselves in the avatars we create online. This has given rise to the entire digital fashion industry.
Digital fashion refers to clothing and accessories created using advanced softwares. They are 3D in nature and almost realistic to look at. The industry itself creates many opportunities for designers and fashion lovers across the globe. On a mission to take this promising industry to the next level is DIGITALAX, the fashion NFT platform.
Now, with its exciting new partnership with Polygon, DIGITALAX aims to make digital fashion and NFTs accessible to mainstream users.
What is DIGITALAX
DIGITALAX is the world’s first fully dedicated digital fashion platform. Built on the Ethereum blockchain, this platform aims to bring innovation and transformation into the world of fashion, gaming, esports, and virtual reality (VR). The Digital Fashion Operating System of DIGITALAX allows users to create 3D fashion garments that can easily be deployed on any of the digital content platforms. This means that the fashion pieces created on this platform can be used in games and esports for player avatars.
DIGITALAX also lets users of this platform buy and sell these digital fashion garments as NFTs. This platform has partnered with more than 30 renowned digital fashion designers from across the globe. The exclusive couture created by these designers will be listed on DIGITALAX and sold in NFT auctions.
This allows multiple designers to collaborate on a single project where one of them provides texture, one provides the pattern and the other provides the style of garment. When the final product is sold as an NFT, each of them receives a share of the sale. This is called “fractional garment ownership,” where pattern, texture, style, and the garment, on the whole, are classified as ERC1155 tokens.
DIGITALAX Partners With Polygon Network
To take digital fashion a level further and into the real world, DIGITALAX has partnered with India-based Polygon Network. Through this partnership, it aims to create a physical fashion collection where each piece in the collection will also be listed as an NFT. The fashion lineup will totally be based on memes that directly connect with real-world users.
What is Polygon Network
Polygon is a layer-2 scalability solution for the Ethereum blockchain. The Ethereum network of today has some major problems in the form of high congestion, high gas fees, and low throughput. Polygon aims to solve this problem by transforming Ethereum into a multi-chain network.
Basically, Polygon acts as a sidechain to Ethereum where it processes transactions before sending them off to the Ethereum main chain. This increases the throughput and also the scalability of Ethereum. Apart from this, Polygon also lets developers build a network of blockchains that are interoperable and communicate with each other without friction.
The scalability and sustainability provided by Polygon will be key in its partnership with DIGITALAX.
What Does the Partnership Entail
In recent years, memes have become a fun, interesting way of communicating over the internet. They are simple, shareable, and can communicate complex ideas in a humorous way. This is why Polygon and DIGITALAX together plan on creating a new fashion lineup based on internet memes. Each piece of clothing in this lineup will have a unique “memetic patch” printed on it. The memes themselves will be based on sustainability, fashion, gaming, and other pressing matters.
These memes will also be listed as NFTs on the Polygon network using DIGITALAX’s open-source libraries for pattern, texture, and style. Everyone who purchases a piece of clothing in this lineup will be able to claim their NFT on an ERC-20 wallet. Users who don’t own cryptocurrencies need not worry because these garments can be bought in a hassle-free way using fiat currencies.
Along with their memetic NFT, purchasers will also receive XP points that can be used on the DIGITALAX esports platform to participate in gaming tournaments and earn rewards. But, that’s not all. Users will also receive a common NFT that is expected to gain value over time for the owner, being dynamic in nature and directly impacted by market data.
This partnership between Polygon and DIGITALAX will create exciting opportunities and open new doors for mainstream adoption of NFTs as well as cryptocurrencies. This project also aims to bring sustainability and scalability into the world of digital fashion.
Even though it is relatively new, DIGITALAX, through its innovative ideas, has managed to push boundaries in the digital fashion and gaming space. This exciting new project with Polygon is DIGITALAX’s way of garnering the attention of mainstream fashion lovers and introducing them to NFTs, cryptocurrencies, and the entire digital metaverse.