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Luxury fashion meets blockchain on Syky, the Seven Seven Six-backed web3 platform

TechCrunch

Alice Delahunt believes the future of fashion is in web3 and created Syky (pronounced “psy-key”) to put the wheels in motion. It felt like there was potential for virtual fashion and digital fashion to really take off,” she told TechCrunch. “I I believe that the luxury fashion houses of tomorrow are being built today.”.

Fashion 248
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NFTs could bridge video games and the fashion industry

TechCrunch

Non-fungible tokens (NFTs) offer new ways for consumers to collect, wear and trade fashion online, and now that most fashion shows have scaled back or gone virtual , they may become an important tool for the industry. Fashion designers like Schirin Negahbani are already creating NFTs that represent actual clothing.

Fashion 357
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Star-studded digital avatar startup Genies launches NFT fashion marketplace

TechCrunch

The Los Angeles-based company partnered with NBA Top Shot NFT creator Dapper Labs to develop the storefront on Dapper’s Flow blockchain and debuted it to a group of invite-only beta users in December last year, TechCrunch reported at the time. ” Genies CEO and founder Akash Nigam.

Fashion 235
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Despite blockchain gaming’s play-to-earn angle, I prefer to pay

TechCrunch

It’s a phrase you’ll hear often if you spend time with professional private market investors. But if I summon my collegiate years, the phrase is really just the economic principle that individuals respond to incentives, restated in a slightly more targeted fashion. I don’t buy them. VCs have a good gig. Play to earn?

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Africa’s cryptocurrency market grew by 1,200% to $105.6 Bademosi thinks this is because crypto trading alone cannot drive mass adoption of blockchain and crypto native applications.

Marketing 245
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Former Binance executives launch $100M crypto fund

TechCrunch

Old Fashion Research ( OFR ) – whose name is derived from the classic cocktail – was founded in late 2021 by managing partners Ling Zhang, who was previously the vice president of M&A and investments at Binance, and Wayne Fu, former head of corporate development at the crypto exchange. We are very Southern Hemisphere-focused.

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Twig takes $35M to turn stuff you own into a way to pay

TechCrunch

Twig , a London-based fintech targeting Gen Z and younger Millennial consumers with an e-money account that gives them instant cash-outs on fashion and electronics they want to sell, has closed a $35 million Series A round of funding. “The demand in the secondary market has been growing and growing.