The Ministry of Economy, Trade and Industry of Japan will conduct the first demonstration experiment using NFT from around February 2022. It is said that clothes produced by fashion designers will be converted into data and sold. NHK on the 27thReported。

In October of this year, the Ministry of Economy, Trade and Industry is rushing to work on NFT, which is gaining increasing attention, such as by soliciting businesses for building transaction models using blockchain technology in the event industry such as exhibitions.

NHK reported that “the sale of digital fashion utilizing NFT has started overseas, and the Ministry of Economy, Trade and Industry will support Japan to keep up with this field and urgently improve the environment that the country can do.”

In this demonstration experiment, we will sell data for making clothes 3D and putting them on avatars on the Metaverse. In addition, clothes will be sold as a set with NFT at the product exhibition. We aim to diversify the profits of designers by using the NFT mechanism that can return profits to designers.