Fashion Industry, Artificial Intelligence & digital art trends: what’s new in the NFT world – The Cryptonomist

Yesterday, a consortium of Web3 companies announced officially the 20th associated with September for The particular NFT Day. From now on this is going to be an annual moment for the Web3 community to collectively teach people about the value of blockchain-based experiences.  

On this date in 2017, the primary protocol behind NFTs – ERC-721 – was originally published by Dapper Labs CTO Dieter Shirley alongside the particular first use of the term “Non-Fungible Token. ” Since that time, the technology has grown into an $11. 3 billion industry.

As we are always keeping our readers up to date with the latest trends, we shall not miss one of the recent creations of the Art-addicted crypto-communities.  

NFT news within the digital artwork world

This month, the particular 2022 edition of New York Style Week was officially closed. Throughout the five-day event, we have managed to see some of the biggest names in fashion like Tom Ford, Tory Burch, Tommy Hilfiger , Michael Kors debuting their latest out-looks and visions for 2023 and beyond. What was connecting the fashion industry as an underlying trend has been Web3 and more specifically NFTs .

Electric Feel lit up New York City during New You are able to Fashion Week with 400 + attendees who were enjoying the chandelier-lit rooftop lounge that was designed to be showcasing Fashion trends and Spring 2023 collections with the live model presentation paired with digital twins available for immediate purchase plus virtual try-on using latest augmented virtual reality experiences.

Kelly Max , Modernist Co-Founder, said:

“Throughout history, art movements have influenced style and today technology is the leading influence of the future of commerce. Artists, designers, and technologists alike are embracing non-fungible tokens as a modern medium to future-proofing fashion, ” says Casey Golden, Founder of Luxlock. “NFTs that will solve real world problems will shape the future of culture and commerce”.

In the last five days, a few of the biggest brands and developers in the particular world possess launched a litany associated with Web3-focused projects and initiatives. Brands are usually moving toward ‘phygital’ offerings that bridge the physical and the digital globe, and the fashion industry will be being uniquely positioned to take full advantage of this tech fashion trend.

The fashion industry has started working intensely on Web3 plus NFTs in the past few months. For instance, Gucci branches have already started accepting crypto payments back in August. At this year’s New York Fashion 7 days, attendees were presented with novelties and thoughts around the Web3-focused future.

While it is great that the particular fashion industry is embracing the technology we see also new trends within the way art is usually being created by the communities.

Recently we have started seeing more and more platforms that are being created on the – text to artwork model, which is simply describing the particular art-e-fact that you would like to observe or better said – the art that you imagine.  

Of course , in order to create something unique, you will open upward your mind plus start being descriptive and creative by putting in order words that could make up at the end an distinctive art-e-fact.

The innovation brought by the Midjourney platform

A great example of such a platform is Midjourney, which can be tested like a free-trial of several arts. Midjourney is an independent research lab exploring brand new mediums associated with thought plus expanding the particular imaginative powers from the human species.

There are two ways to experience the tools: the Midjourney Bot , which you can use to generate images, and the web app , where you can find a gallery of your own work and other users’ creations.

Once you start using our tool, you will be able to create a limited number of images before needing to subscribe . You will have around 25 free uses of the particular /imagine command or other queries (variations, upscales). These uses are usually also known as “jobs” or “GPU-minutes”.

However there are still artists who prefer using more softwares that is enabling them to create hand-made and special digital art-e-facts.  

It looks like the creative minds are usually unstoppable and are constantly making up new plus innovative ideas and are exploring new areas where this revolution driving technology can be applied.