AscendEX: the meta-universe is not a digital utopia, Faith Tribe is helping the fashion industry move to the Web3.0 era

Faith Tribe: A Meta-universe is Not a Digital Utopia, helping Fashion Move to Web 3.0

AscendEX  Institute of

2019  Amsterdam digital fashion company & NBSP; The Fabricant  Launched the world's first virtual clothing --   Iridescence  The rainbow dress has since led the fashion industry into a new dimension of the metasomes. Rainbow Dress by The Fabricant in collaboration with German filter artist & NBSP; Johanna Jaskowska and Dapper Labs  Co-created and on Ethereal Summit  in New York; Blockchain auction as   2019  The final sale price of 9,500  The dollar traded at a high price.

Since 2020, with the gradual development of Web3.0 and the popularity of the concept of metasurverse, all walks of life at home and abroad have started to lay out metasurverse in different tracks. The discerning fashion world is clearly seeing the potential for a huge new market, and established luxury companies are starting to move in. For example, 2020. 12  In February, Balenciaga approved a new & NBSP; VR  Afterworld: The Age of Tomorrow released. 2021  Fall collection. After the game was released. 48  Within hours. Searches for the Balenciaga brand increased on the platform. 41%, monthly searches soared. 76% had more social media topics that month. 130000  The article.

In March 2021, Gucci unveiled the Gucci Virtual 25, a Virtual sneaker. And in recent days, Also announced in   The Sandbox  China to buy virtual land, open online concept store "Gucci Vault", may launch & NBSP; Gucci  The theme & have spent NFT  And vintage bags. Divided by the fashion-focused virtual space. Virtual wearables will also be released for The Sandbox  Players buy and wear in the game.

According to McKinsey's state of Fashion 2022& NBSP;, published with the Business of Fashion Review (BoF), online business models have been hugely successful during the pandemic. Companies are expected to continue to invest in digital innovation and experiment with new forms of creativity and business in 2022. Digital assets such as NFT, game skins and virtual fashion will move towards the mainstream, with some brands expanding into the meta-universe.

While the definition of the metasurverse is still controversial, the latest research suggests it is more like a new space that combines the digital and physical worlds. Online, people can get work done and enjoy life through online communities. Offline, we can still have a real, physical sense of belonging. The metasomes allow everyone to escape the constraints of the physical world and become a better self in a new digital space.

So even though the metasverse concept exploded last year, we still haven't found a good project that fits the true metasverse concept. Until we discovered an open source fashion design platform. The Faith Tribe.

Faith Tribe  The universe with yuan

Faith Tribe  Is the first fully decentralized and community-owned collaborative ecosystem of fashion projects for the creation, design, casting, customization and distribution of digital and physical fashion products. Compared with other Web3.0 design studios, Faith Tribe can truly combine the real world and the digital world by relying on its own physical industry chain, thus laying a foundation for the development of fashion industry in the meta-universe.

Faith Tribe  By French luxury brand Faith Connexion& NBSP; Launched in 2004& NBSP; By Designer & NBSP; Ilan Delouis  Founded, the designer to love, harmony, rock and roll as the starting point, the concept of life into the design, will be strong & NBSP; Punk Rock  Taste blends with fashion and luxury design (Faith Connexion  Most of the designers are based in Balmain).

Over the years, Faith Connexion has cooperated with many creative units to create a unique concept of joint building, just like a luxury design alliance. At the same time, Faith Connexion does not only highlight the halo of a certain designer like other brand cooperation, but focuses on the power of group cooperation.

Faith Tribe, they continue to implement this concept, explore global cooperation, paving the way for the future metasomes fashion industry development in a new way of Web3.0. In addition to Faith Connexion, Faith Tribe's partner funds include & NBSP; Tyregate Capital, NFT Tech, TLF Ventures  And & have spent The Luxury Fund, its technology partners include Define Labs, DressX, Platform  And & have spent Legitmate.

At a time when global industries are undergoing rapid digital transformation, fashion is also undergoing an unprecedented transformation. There is a growing demand for talent. Independent designers, artists, curators, bloggers and even brands and buyer communities, the fashion ecosystem in the meta-universe has yet to form a complete industrial chain. Faith Tribe  It aims to develop a global creator ecosystem, create an inclusive and open environment for user-generated fashion product design, and maximize its contribution to the development of the fashion industry.

Faith Tribe  Operation mechanism of

According to official information, Faith Tribe  The realization of the global creator ecosystem mainly relies on four roles: Designer studio, Faith Tribe Governance Token FTRB, community autonomy platform and &NBSP. NFT  The market.

Designer's studio

Designer studio is the ecological core, will gather countless high-level, borderless fashion designers. They will collaborate or work independently on Faith Tribe platform to produce unique design concepts and products, which will be authenticated by blockchain to protect creators' intellectual property rights in the form of NFT. Meanwhile, designers can set prices, publishing rights and licensing fees to their liking.

In particular, the products designers create on Faith Tribe aren't just for the digital world. Relying on the industry line and sales line of Faith Connexion brand, high-quality products on the platform have the opportunity to produce fashion in the real world. That said, the designers on Faith Tribe can be famous or humble; They can be famous, they can be down on their luck, but they all have the same opportunity on this platform, and even radiate their efforts into the real world.

Because of this, we believe Faith Tribe is helping Web3.0 fashion achieve fairness and "breaking the circle", and pushing the fashion industry to truly enter the meta-universe.

Faith Tribe Governance Token FTRB 

As a Web3.0 project, motivating the community with tokens is a logical step. In Faith Tribe  In the community, designers, artists, curators, bloggers, studios and even brands who contribute to the community can receive FTRB token incentive. FTRB holders participate in the governance of the platform and oversee the platform's allocation of funds from community coffers, as well as vote on proposed changes and improvements to the platform (such as product strategy, leadership decisions, and allocation of Treasury funds).

In addition, FTRB holders can also enjoy the benefits of Faith Connexion  Shops and & have spent Faith Tribe NFT  The discount at which the market buys a physical asset.

Community autonomy Platform

Having said that, designers have a chance to turn their products into real-world fashion. The community autonomy platform is the way to determine which products will be the "lucky ones," with community contributors voting together in a transparent, democratic process. Based on blockchain technology and   NFT  In which creators can guarantee full or partial ownership of their digital assets and can participate in all future sales. Can be followed at   Faith Tribe  The & have spent NFT  These are for sale in the market. NFT.

Unlike other projects, Faith Tribe  On & have spent NFT  Version, which will aggregate a range of data about the product, including designer sketches and photos, contributor information, contributor ownership split, and digital and physical versions of the product.

NFT  NFT Marketplace

NFT  The marketplace is the final step in the process, the place where designers make their work a reality, display and sell digital and physical NFT. Physical NFT means that once someone buys it, the buyer will receive physical fashion -- these are pre-voted products of excellent design.

Through designer studios, creators can track their digital or physical products in   NFT  Distribution and sales in the market. Faith Tribe  Platforms empower creators by providing them with global visibility, ensuring that their designs are produced in the quantities and styles they need, and that they have complete control over their remuneration.

It is through these four characters that Faith Tribe  A diverse and inclusive community of artists, combining the physical and digital Spaces of fashion, art and culture, can be well integrated. With a blockchain-based interactive ecosystem, designers can maximize their own space and take advantage of the latest. Web3  And & have spent NFT  Technology enables collaboration, innovation, experimentation and profitability.

FTRB  The token economy

According to an official white paper, A total of 5 billion tokens were issued, with an initial circulation of 64 million, and the issue price was $0.01. 50% of this is spent on community building, which is shared by creatives, designers, KOL, other early backers, partners, etc. 17% allocated to core team and platform Treasury; 8% owned by investors; 11% for technical facilities; The final 14 percent goes to offline or online fashion events, exhibitions and other marketing activities.

FTRB  The function of the platform will be implemented upstream and downstream of the industrial chain to stimulate and coordinate the platform in the whole chain of design, casting, customization, marketing, production and sales. At the same time, FTRB  It also has the functions of platform voting governance, transaction, payment and so on, which will distribute the governance power to the contributors in the community as fairly as possible, thus forming an economic governance mechanism with dynamic checks and balances in the community. FTRB  It reconstructs the distribution model of fashion industry in a new way, so that all ecological contributors can enjoy the distribution of platform value and get the long-term value of ecological growth.

The meta-universe is the next gold mine for the fashion industry

Our understanding of the meta-universe may differ from that of most people in the industry. In our view, the miracle brought by the mobile Internet is that various services on the Internet can be applied to social life, and online and offline begin to interact closely. Web3.0 and the meta-universe should not be an immersive digital utopia where people are kidnapped into the endless digital world. Digital world is wonderful and interesting, and it is true that Generation Z is more and more accepting of digital life. But what is needed for a better life is the deep integration of digital world and real world, so that everyone can have a better real life by digital means.

The meta-universe is the next gold mine for the fashion industry, not specifically the rise of NFT, pure digital fashion labels and clothing, but it could open up a whole new world for the fashion industry. In the future of the metasverse, designers can collaborate, create, and create sales rules through open source platforms, and different ecological contributors can also get the value distribution of ecological development. At the same time, we can make decisions together for the development of the industry and even the real world.

The top & have spent AscendEX has extensive experience in traditional finance and adheres to the focus and professionalism of value selection. In our survey, Faith Tribe is one of the few projects that have their own understanding of Web3.0 and the metasomes and are capable of implementing it. Across income, gender, age, race, ethnicity, geographic location, and even national conditions. To really give everyone the same opportunity and the ability to make a difference in the real world. Faith Tribe demolishes the walled garden of the existing Internet and even fashion industry with the technology and concept of Web3.0, so that fashion design moves towards interconnectivity. Faith Tribe  In the forefront of the fashion industry, showing Web 3.0& NBSP; The future of the fashion industry has also laid a solid foundation for the fashion industry to enter the meta-universe.

Faith Tribe (FTRB)& NBSP, Feb. 18; Global exclusive first line peak & NBSP; AscendEX launches Launchpool, which users can deposit with USDT. FTRB, the total activity is   1000  Over & have spent FTRB, as high as NBSP in the first three days; 500  Ten thousand pieces, accounting for the total. 50%. As of February 23, the event had gathered. 1094  Wanusdt, annual return rate as high as 63.85%, enough to see the peak & NBSP; AscendEX  Support the strength of ecological construction of cooperative projects and users' recognition of Faith Tribe.

The FTRB new coin mining activity will be held at 2. Month & have spent 24  The end of the day. FTRB will also debut the summit on the same day. AscendEX deal.

The top & have spent AscendEX  The core members are from top Wall Street financial companies, including Morgan Stanley, Deutsche Bank, Goldman Sachs, Bloomberg and tier 1 high frequency hedge funds, etc., and have a very deep foundation in financial engineering research and large-scale quantitative trading infrastructure research and development. In the course of its development in the past, peak. AscendEX  Always keep up with the development of the industry, to have the value of landing scene & NBSP; DeFi, NFT  As a result, its initial projects have repeatedly hit secondary market highs and become the first choice for DeFi, NFT and cryptography infrastructure innovation projects.

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