Decentraland's First Fashion House
A lot has happened this year for crypto and NFTs however there is a new market emerging that I believe will over take media headlines.
Wearables | Affordable, fun digital assets for online gaming.
In the metaverse Decentraland (DCL) artists, brands, and whoever else have the ability to create and sell their own virtual clothing. With an initial investment of 500 MANA to list a wearable onto the DCL marketplace the upside is huge for designers.
Let’s say you are new to fashion design and maybe you know a little bit about Blender, a 3D design program, or you know someone who knows how to use Blender. You both get together and create a unique, cool design and list it on the marketplace. You sell 5,000 at 1 MANA each and its a hit! You sell out and make 5,000 MANA which is 10x the original investment. That all sounds like roses and cherries right? Well there is still one major hiccup in this plan for the everyday creator itching to test their hands in the virtual fashion industry.
At the time I am writing this article 500 MANA is about $1,500 USD.
So the solution? The FACE Fashion Awards.
The first fashion awards will be in 2022 where will give out a total of 4,500 MANA via grants to DCL users wanting to list their wearables.
The grants are as follows:
- The FACE Award — Recipient gets 1,000 MANA and FACE Award NFT
- AltCoin Radio Award — Recipient gets 1,000 MANA and ACR Award NFT
- First Time Creator Grant (x2) — Recipient gets 500 MANA and wearable creation by Michi_Todd
- Museum Membership Grant (x3) — Recipient receives 500 MANA (MODEart Members Only)
Our goal through this annual event is to do two things: provide enough opportunity for new creators to list wearables and generate enough MANA to be able to continue the awards again the next year. (We have enough capital for our first awards already — not super important but worth noting.)
With this announcement we are also indirectly announcing the creation of 10,000 MODEart Museum Memberships which will be .03 ETH and come with many options for utility.
A quick view on whats to come for MODEart Museum Members:
- 10,000 generative 1/1 with rarity chart (Optimized for PFP’s)
- Exclusive access to the museum in Decentraland and Discord
- One person will receive a 1/1 SuperRare NFT by Anthony Sims (Once a year)
- Guaranteed wearable from the annual FACE Fashion Awards Collection