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NFT Paris: How Technology Is Shaping Cultural Marketing And Circularity

Artemis

February 26, 2024
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NFT Paris: How Technology Is Shaping Cultural Marketing And Circularity

In the heart of Paris, Europe’s grand Web3 event, NFT Paris, unfolded as a vibrant forum for innovative ideas and groundbreaking projects. Amidst the bustling Grand Palais Éphémère and various city-wide side events, the Future Fashion Summit stood out as a platform for fashion’s digital transformation.

During the summit, Wrangler, the iconic American denim brand, unveiled a captivating collaboration with MNTGE, a digital wearables brand rooted in vintage clothing. This limited-edition Wrangler X MNTGE Archive Capsule, exclusively gifted to attendees, showcased premium vintage western shirts and denim jackets. These garments were adorned with co-branded NFC (near field communication) chipped patches, allowing for digital signatures and recording the garment’s history on the blockchain.

The carefully curated pieces hailed from the archives of MNTGE co-founder Sean Weatherspoon and Wrangler’s own treasure trove. Spanning the ’70s through the ’90s, these vintage gems featured patches inspired by archival design elements, including Wrangler’s iconic logos and past collaborations like “Mr. Wrangler” and the Peter Max collection from the 1960s.

Beyond the capsule collection, an immersive installation featured a tailor in residence, offering guests the chance to personalize their Wrangler pieces with collaborative NFC-chipped patches. This interactive experience further emphasized the fusion of fashion and technology.

Nick Adler, co-founder of MNTGE, expressed his admiration for Wrangler’s enduring legacy and the shared vision that sparked this collaboration. He envisioned the partnership growing into something even more substantial in the future.

The Future Fashion Summit served as a catalyst for dialogue and future partnerships, bringing together leaders from international luxury fashion houses and digital brands. Representatives from renowned brands like LVMH, Richemont, Puig, Kering Group, Burberry, Hermes, McLaren, DressX, and Tik Tok graced the event.

Panel discussions delved into pressing issues such as circularity and the gaming industry’s potential for brands and retailers. The consensus emerged that Digital Product Passports, recording proof of ownership and authenticity, are crucial drivers for the resale economy.

Panelists emphasized the need for compelling reasons for consumers to adopt this technology. While some advocated for rewards systems, others favored a multifaceted approach, generating value through ubiquity. The quest for a “killer app” to minimize associated frictions was also a topic of discussion.

Gaming’s role as a customer acquisition channel was eloquently presented by Tommy Hilfiger’s gaming and Web3 manager, Morgan Evans. He cited Roblox’s introduction of in-game e-commerce as a testament to gaming’s potential. Kai Henry of Future Studios reinforced this notion, highlighting the influence of avatars on Gen-Z’s real-life presentation.

Adler acknowledged the impact of Gen-Z’s street style and social media influencers on platforms like TikTok and Instagram. Evans candidly discussed Hilfiger’s use of artificial intelligence (AI) in creating user-generated content (UGC) for gaming, emphasizing the challenge of maintaining brand fidelity while pushing boundaries.

The Future Fashion Summit was made possible through the generous support of sponsors BNB Chain, EON, Fewture Studios, Ledger, Wrangler, MNTGE, PURPLE, Arianee, and Evian. The event was hosted in partnership with 10 Magazine.

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