NFT Closet: Revolutionizing the Garment Industry with Blockchain and NFTs
1Bachelor of Software Engineering, Taylor's University, Subang, Malaysia
2Science, 11th Class, Muminunnesa Government Mohila College, Mymensingh, Bangladesh
A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023
Sustainable Development Goals
Keywords
Abstract
In recent years, the intersection of the digital realm with fashion has given birth to an innovative landscape: digital fashion through Non-Fungible Tokens (NFTs). This paper introduces a unique marketplace, integrating cutting-edge technologies to offer a comprehensive experience. The platform showcases five distinct product types: Virtual Reality (VR), 3D modeling, Augmented Reality (AR), hard copy with technical design, and soft copy garments. The evolution doesn't end at purchasing; the platform integrates Internet of Things (IoT) devices coupled with blockchain to seamlessly manage the supply chain of physical garments. Recognizing the environmental impact of fashion waste, we introduce a cloth recycling feature. Once a garment completes its life cycle, it can be recycled, with its history preserved on the blockchain. You can buy once print lifetime if your design doesn’t have a technical design you also can design in the future.
To cater to our diverse clientele, we've incorporated features such as annual collection launches, a seller interface, and a "Lucky Draw" system. Furthermore, NFT garment owners can resell their digital assets. Notably, our innovative "MARKET x" feature enables sellers to showcase new NFT garment designs, providing fashion houses an exclusive platform to purchase innovative clothing concepts. From MARKET X can hire a personal designer. This also serves as a bridge for the fashion industry, enabling them to purchase and utilize these unique digital fashion pieces. Our platform not only stands as a testament to the future of fashion but also demonstrates the infinite possibilities when technology meets creativity.