Sustainable Metaverse Fashion | A New Minting Mechanism & Standard
Sustainable metaverse fashion isn’t just about physical waste. Our digital footprints matter too.
Not just in terms of the energy used to produce or support our digital activity. But also, the blockspace that we take up. And, the most important factor in being good stewards of metaverse ecosystems is how actively the assets we own are used.
F₃M is introducing a new sustainable minting mechanism and standard that is applied across all of our live digital marketplace NFT content. Each time an item is put up for sale, it includes an integrated counter where, at intervals determined by the DAO, the item is purchased for use in F₃M digital model’s closet by way of the Treasury.
It is worn actively by that model and rented out across metaverse native environments. The Treasury also retains the ability to place these items on the secondary shared orderbook marketplace.
The counter for each item is variable and is coordinated by the DAO upon listing.
This mechanism is further extended within the F₃M Pop Up IRL web3 fashion & collectibles store whereby if a buyer chooses the “use fiat” option at checkout they can proceed without having to connect or create a wallet (great for new users and web3 newbies!). This also effectively means that they are choosing to “skip” the collection of their NFT. In this case the NFT is still minted as a proof of on-chain record, and instead is sent directly to the F₃M treasury.
See more of the novel web3 fashion standards and mechanisms that F₃M has instantiated here.