Faith Tribe, in collaboration with IBC Group and NFT Tech, launched Fashion DAO to help established brands and creators embrace the Web 3 fashion space.
This collaboration in the fashion space seeks to benefit the larger fashion community through the fashion DAO launchpad. The fashion DAO represents a fashion-focused launchpad that will enable brands and creators to make a breakthrough in the Web3 arena.
This launchpad seeks to enable traditional fashion brands to tokenise and join the Web3 space, in order to leverage new opportunities and revenue streams by connecting to a larger market. The Faith Tribe (FTRB) token will act as the launchpad’s native token. Individuals will stake for community participation in upcoming initial decentralised exchange offerings.
The key objective is to capture the untapped market through their end-to-end solutions for both fashion technology industries and all interested fashion brands across the globe. The launchpad will offer a range of services that aim to provide long-term solutions in the industry. These services are keen to focus on building the fashion community, supporting trade, as well as enhancing marketing activities.
This partnership comes into play as IBC Group and NFT Tech bring on board a wealth of experience as they lead launchpad operations, whereas Faith Tribe plays a crucial role in advising the launchpad projects. During the launch, Wayne Lloyd, NFT Tech Executive Chairman, said, “As the Metaverse continues to grow, major brands from GAP to Gucci will launch products into the Metaverse, we are happy to be partnered with Faith to further enter this market.”
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