Enjin enters the fashion world with augmented reality NFTs

Published at: Jan. 26, 2021

Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable nonfungible tokens representing clothing for Metaverse avatars.

Enjin will be providing the infrastructure framework to host the NFTs, which can then be visualized in MetaverseMe, an augmented reality platform that lets users create customized avatars and see them interact with their real-world environment. Avatars can be dressed in a variety of fashion items, which are provably owned by the user through the Ethereum blockchain.

The first collection available through the platform is called Pluriform, and it is designed through a collaboration with design studio The Fabricant and Atari, the gaming company that recently partnered with Enjin. The collection will be available until Feb. 28, after which any unsold NFTs will be burned to ensure the uniqueness of the collection.

In addition to visualizing the collection in the MetaverseMe app, the NFTs and their underlying items will be available in other virtual worlds that are part of the metaverse — Enjin’s initiative to connect separate videogames into a collective virtual universe. These include Atari’s intellectual property like the rebooted classic “Kick Off,” as well as Minecraft, thanks to Enjin’s plug-in.

Enjin's token recently received regulatory approval by Japanese authorities, which had a strong impact on its price.

Tags
Nft
Related Posts
What are the best altcoins you can buy for under $3? | Find out now on The Market Report
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best altcoins to buy for under $3. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they discuss the best altcoins to buy for under $3. First up, we have Bourgi with his first pick of …
Decentralization / March 29, 2022
Galaxy Interactive raises another $325M fund aimed at metaverse and next-gen games
Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence and blockchain-based games. In a Tuesday announcement, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies, including Republic, 1047 Games, Elodie, Roar, Art Blocks and Masterworks, with other additional investments to be announced in coming months. Established in 2018 by general partners Sam Englebardt and Richard Kim, the company …
Technology / Oct. 20, 2021
New tribes of the Metaverse — Community-owned economies
People have talked in glowing tones about the transformative properties of blockchain since Satoshi Nakamoto launched Bitcoin (BTC) back in 2009 — books have been written, thousands of panels and presentations have complemented its prospects, costumed Bitcoin maximalists have flaunted their newfound wealth. Despite these commendations, the transformation has been slow. However, whether the delay was due to the global COVID-19 pandemic, or just the time needed to create innovation, we are now on the cusp of change that is creating new economies and ways of human interaction. The Metaverse, with the powerful combination of game theory and blockchain, is …
Technology / Nov. 28, 2021
Wear-to-earn NFTs target the billion-dollar fashion industry
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life. Megan Kaspar, managing director at Magnetic Capital and member of Red DAO — a fashion-focused decentralized autonomous organization — told Cointelegraph she believes that digital fashion nonfungible tokens, or NFTs, will be the largest NFT category of Web 3.0: “Digital fashion NFTs include clothing, shoes, jewelry, accessories and more that can …
Adoption / Dec. 1, 2021
What are the top metaverse projects besides The Sandbox and Decentraland? | Watch The Market Report live
This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on the market. First up, we’ve got Bourgi’s pick of Wilder World, which allows you to interact with its immersive 3D world via nonfungible tokens (NFTs) and is also based on the massively popular Unreal Engine 5. Following Bourgi, we have The Market Report first-timer Hernández, who has decided to go with Boson Portal, which aims to revolutionize metaverse commerce. Will its high-profile partners such …
Decentralization / Feb. 15, 2022