Emergence of FashionFi concept by Bitliberte in the Blockchain world after Play to Earn (P2E) attains global recognition
The rise of Crypto assets and NFTs over the past decade have resulted in the development of many innovative concepts in the global Crypto market.
One such concept is called Play to earn where gamers are able to monetize their skills to earn Crypto rewards on the blockchain.
The gaming industry in Crypto is currently estimated at a valuation of over 4 billion USD and it is projected to grow above 40 billion USD by the end of this decade.
Gamers have a strong desire for ownership, exclusivity, and authenticity in the industry, This demand has been fulfilled by leveraging blockchain technology to give out ownership of in-game assets such as wearables, players, skins, and weapons to the gamers.
According to blockchain-based aggregator, DappRadar, the blockchain gaming industry continues to grow strong in 2022 owing to investments of over 4 billion USD while blockchain gaming projects have recorded NFT sales volume of over 4 billion USD last year.
This strong demand for in-game assets is resulting in the growth of FashionFi concept in Blockchain industry.
FashionFi aims to bridge the gap between fashion and finance world with a unique on-chain incentivization model with physical and digital assets revenue.
The world’s first fully-fledged FashionFi ecosystem is getting developed by a small startup called Bitliberte. They’re aiming to give out fractional ownership of physical and digital fashion clothing wearables and outlets to the community by a DAO-based ecosystem of NFTs.
This will be one of the first real-world based fashion clothing company launching globally while adopting DAO based structure to operate and expand globally. In DAO based structure the power is with the community where anyone holding platform token can vote to make crucial decisions to steer growth of the company.
Explore more at bitliberte.com