N.Fungible is a launchpad for fashion brands. We help brands to launch their designs on the metaverse, and we allow people to buy, own, and wear their beloved brands on the metaverse. We aim to connect high-fashion with metaverse and allow people to own exclusive luxury products on the metaverse with our digital authentication. We ensure Digital Authentication of the collections as we enter the metaverse, exclusive to NFTs launched by N.Fungible. Our upcoming collection launch is 10,000 Cyberbags NFT in collaboration with Carlo Rino, contemporary leather goods and footwear brand that sells over 300,000 bags from its collection every year:
A system where everyone wins:
10,000 bags are randomly generated from base traits.
Person A buys 1 NFT, which is produced physically due to getting the highest votes from the community.
Carlo Rino sells 10,000 of these bags at US$250 per bag while paying a 7% royalty* to those who own the respective NFT bag design.
From the US$2,500,000 in sales, US$175,000 will be paid in royalty.
Of the total royalties, 50% (US$87,500) is paid to the entire community of NFT collection owners and the remaining 50% (US$87,500) is paid to Person A who buys the NFT bags that are chosen for production.
With Nfungible, we develop a system that would reduce the number of discarded garments by only producing what the market actually wants and virtually removing the testing phase in between. We allow brands to test the market with NFTs, reducing the numbers of unsold products that are either sent to jobbers, parallel importers or are burned to protect brand image.
