What Is FashionFi? How MIRL Will Change the Fashion World
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From virtual land to non-fungible tokens (NFTs), the metaverse has changed the crypto landscape as developers become increasingly ambitious. This is evident in buzzwords like GameFi and Web 3.0 and the expanding scope of their projects.
As the idea of a shared digital space evolves and more big-name companies and celebrities buy into the metaverse idea, it begs the question: Can the metaverse stretch beyond its virtual boundaries? Contrary to popular belief, the metaverse isn’t just confined to the virtual realm, as enthusiasts bridge the gap between the physical and virtual worlds.
One such example is Made in Real Life (MIRL), which takes realizing your NFTs and crypto assets to the next level as the world’s first decentralized fashion brand. By bringing the fashion industry into the metaverse, and introducing designer NFTs, real-world wearables and talented new artists, MIRL supports and empowers aspiring designers in the metaverse. Interested in finding out how MIRL intends to make FashionFi the next big narrative in the cryptoverse? Scroll on, as this article covers everything you need to know about MIRL.
What Is FashionFi?
FashionFi — a play on the words “fashion” and “finance” — is an up-and-coming narrative in the crypto space. By combining the world of fashion with decentralized finance (DeFi), a whole new avenue of opportunities open up for the fashion industry, with NFT wearables and virtual reality marketing topping the list.