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What Is ‘The Merge’ and What Does It Mean for Fashion NFTs?

BoF explains how a long-in-the-works upgrade to the Ethereum blockchain promises to solve one of the biggest hurdles to NFTs going mainstream — if its backers can pull it off.
The inside of a data centre for cryptocurrency. Showing purple and blue lighting of a large computer like system with floor to ceiling stacks of wires.
"The merge” will see the Ethereum blockchain that provides the backbone for most NFT projects transitioned from its existing proof-of-work mechanism to a more efficient proof-of-stake system. (Getty Images)

This month, an event years in the making — a fundamental change to how one of the most popular blockchains operates rumoured for so long some doubted it might ever happen — is finally scheduled to take place.

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Further Reading

The Secrets to a Successful NFT Drop

The reasons some fashion NFTs are successes and others fall flat goes beyond having big, recognisable brands involved and comes down to factors like their creativity, audience and value for the price.

What a Web3 Luxury Brand Looks Like

Gmoney, an anonymous and influential figure in the NFT world who has worked with brands like Adidas, is launching a luxury fashion line with the tokens built into the business model.

About the author
Marc Bain
Marc Bain

Marc Bain is Technology Correspondent at The Business of Fashion. He is based in New York and drives BoF’s coverage of technology and innovation, from start-ups to Big Tech.

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