NFT news and archive

Mango wins NFT copyright case in Spanish courts

In a significant legal development, Mango emerged victorious in a lawsuit filed by the Spanish copyright society VEGAP for copyright infringement. The lawsuit pertained to the generation of NFTs (Non-Fungible Tokens) based on the artistic creations of three highly regarded Catalan artists which Mango showed in the US. For the opening of a Mango...

Business |Interview Featured

Chapter 2’s Kenneth Loo on what to expect from fashion tech in 2024

“I can see aspects of how we’re going to implement technology to allow us to fix what I think we can all agree on as those in the fashion industry is a pretty broken system,” Kenneth Loo said in a conversation with FashionUnited on the future possibilities of Web3 and emerging tech. Through such systems, the co-founder and chief executive of the...

Fashion

Pinko launches digital twins collection

Italian fashion brand Pinko is set to launch 'The New Love Bag Collection,' featuring an authentication system through digital twins. In collaboration with Temera, a company that provides IoT solutions to the fashion industry, a collection of over 630 thousand pieces will use an NFC cryptographic tag for authentication, allowing customers to...

Business

Web Summit: IWC Schaffhausen on the tokenization of physical products and loyalty

Lisbon - How are efforts in leveraging blockchain, NFTs, and tokenization enhancing customer experiences, building loyalty, and adapting to changing market trends? It is this question that IWC Schaffhausen has attempted to answer through the ongoing integration of new digitally enhanced initiatives at the company. Speaking at tech conference Web...

Fashion Featured

Nobody’s Child introduces digital product passports

Womenswear brand Nobody’s Child is taking a step towards greater transparency with the launch of digital product passports to empower customers to make more conscious and informed choices. The technology, created by Fabacus, launches today, September 6, with the Nobody’s Child x Happy Place Collection with Fearne Cotton, where each piece will...

Fashion

Dior elevates sneaker authenticity with Digital Twin and NFT integration

Dior has unveiled its latest B33 sneaker drop, accompanied by a cutting-edge digital twin. In a move to enhance the footwear's authenticity, the French luxury house has embedded an NFC chip beneath the sole of the right shoe. This innovative feature provides the sneakers with an elevated digital certificate of authenticity. The limited series of...

Business

Hermès wins case to permanently block ‘Metabirkins’ NFTs

The highly reported ‘Metabirkins’ case that has drawn attention and sparked discussions in both the Web3 and fashion worlds over the past year could finally be coming to a close. Luxury giant Hermès has been granted its request to permanently block artist Mason Rothschild from selling the Birkin-esque non-fungible tokens (NFTs) after a jury...

Fashion

Louis Vuitton joins Web3 with digital trunk collection

Louis Vuitton has joined the ranks of digital collectables, launching a luxury NFT based on its iconic travel trunk, an archive design created over 160 years go. Deep-pocketed travelers and collectors can acquire the NFT for 34,000 pounds, 39,000 euros or 42,000 dollars. Purchasers of the phygital product will receive both the NFT and a bespoke...

Business

Web3 sneaker resale platform MetaZ secures one million dollar investment

US-based MetaZ Holdings has announced it has attracted a Series A Investment from Pinewood Capital to support its Web3 sneaker resale platform. The company operates Meta[Z], a marketplace where sneakers are traded in the form of a non-fungible token (NFT), allowing their owners to trade collectable sneakers without damaging them or needing to...

Fashion

Gucci strengthens metaverse presence with Yuga Labs collab

Gucci is continuing its metaverse activities, having signed a multi-year partnership with NFT giant Yuga Labs, the company behind Bored Ape Yacht Club and CryptoPunks. Spanning fashion and digital entertainment, Kering-owned Gucci is building its presence in the metaverse and Web3 domain. The luxury house is investing to further establish itself...

BusinessFeatured

MetaBirkins saga continues: Rothschild potentially seeks new trial against Hermès

In what is turning out to be a long-winded back-and-forth of various claims, the MetaBirkins case has moved onto the next phase of the legal battle against artist Mason Rothschild and luxury brand Hermès. In the latest development, Rothschild has now filed two court submissions in a bid to regain some control of the situation. Last month, the...

Business

Meta to wind down NFTs as it continues to prioritise efficiency

Social media giant Meta is set to wind down its non-fungible token (NFT) business as it continues to assess what to prioritise across the company. The announcement was made via the Twitter account of Meta’s commerce and FinTech head Stephane Kasriel, who said the company would be focusing on other ways to support creators, people and businesses....