Parisian luxury fashion brand Faith Connexion has launched Faith Tribe, a DAO project based on blockchain technology. This project seeks to create a global network for creative talent aligned globally, so that the talent can enjoy international recognition. The platform will make it possible for designers and artists to create, mint, and sell garment designs as NFTs and physical goods using blockchain technology. Moreover, it is the first collaborative fashion ecosystem that is owned and run by the community.
Faith Tribe is dedicated to providing all the necessary components and guidance to help all designers launch their own brands within the metaverse. Community members will be able to access Designer Studio, which will be used to design apparel, collections, and accessories. Designers will own these digital assets for the rest of their lives. Furthermore, they will be able to decide which of their designs should be implemented into a production unit.
Faith’s ecosystem is powered by the ERC-20 token $FTRB, which is a community coin. This token is designed to catalyse decentralised global innovation by connecting designers, visual artists, curators, fashion enthusiasts, influencers, brands, and buyers through incentive-driven connections. Faith Tribe DAO governs the protocol and will monitor it and make changes based on the votes of the DAO. Additionally, the DAO is established to attract talented designers, distribute ownership fairly, and comply with all regulatory authorities.
Faith Tribe aims to be the world’s largest open-source fashion platform, a place for collaboration and discovery. This project will enable creators to transact directly with their buyers, and participants will receive native tokens for participating. Faith Connexion’s project seems very promising, and they have a comprehensive roadmap with a DAO governance structure.
Karnav Shah, Editor-in-Chief of Cryptonaire Weekly, said, “The Faith Tribe ecosystem combines the physical and digital spaces of fashion to create a more inclusive community. With this protocol, creative communities can harness the potential of the metaverse, Web3, and NFT technologies. Additionally, Faith Tribe’s protocol offers creators an array of advantages in terms of creating, customizing, minting, and distributing both digital and physical fashion assets. As someone who enjoys creativity, you should take note of this. I will keep you guys informed about this amazing protocol built to reward and recognize talented creators.”
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