This story was originally published on HackerNoon at: https://hackernoon.com/2000-hours-of-researching-fashion-nft-later-here-is-what-i-learned.
I researched fashion NFTs for 2000 hours; here is what I learned and what to expect for 2023.
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The total Fashion NFT volume in 2022 was $1.2B. This is a mere 0.14% of the 0.88 trillion traditional fashion market. Volume-wise, Fashion N FTs have a long way to go to reach mainstream adoption in the NFT space. This also indicates how early we are in the cycle for NFTs.