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If you are rather looking for a truly long-term hold instead of gamblin..eehh trading your way to the top, I’ll invite you into a new frontier of the blockchain-ecosystem: digital fashion.
Miles ahead is @DIGITALAX_ with their token $MONA.
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Miles ahead is @DIGITALAX_ with their token $MONA.
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Before you sigh anticipating another stupid shill, maybe I bring the quote of some well-respected name into this article.
https://twitter.com/CharliCohen/status/1379208602334998533?s=20
So let’s go
https://twitter.com/CharliCohen/status/1379208602334998533?s=20
So let’s go
So... fashion always has been a means of self-expression, identity. Showing who we are and what we believe in.
With our lifes, expression and identity moving into the world wide web and virtual worlds, the next logical step is to move the fashion industry there as well.
With our lifes, expression and identity moving into the world wide web and virtual worlds, the next logical step is to move the fashion industry there as well.
There will be at least three key areas where digital fashion will play a huge role:
1. virtual reality worlds
2. linking physical goods into virtual showrooms and
3. gaming.
Each section is huge for itself and @DIGITALAX_ covers them all.
1. virtual reality worlds
2. linking physical goods into virtual showrooms and
3. gaming.
Each section is huge for itself and @DIGITALAX_ covers them all.
VR worlds such as @decentraland are already a huge economic sector, attracting all kind of big names from artists to companies.
It's no nerd niche anymore, it is THE next big thing.
(btw the jacket from the forbes article was sold at @DIGITALAX_ ) https://www.forbes.com/sites/cathyhackl/2021/03/04/four-things-brands-need-to-know-about-nfts-non-fungible-tokens/
It's no nerd niche anymore, it is THE next big thing.
(btw the jacket from the forbes article was sold at @DIGITALAX_ ) https://www.forbes.com/sites/cathyhackl/2021/03/04/four-things-brands-need-to-know-about-nfts-non-fungible-tokens/
To give you an idea of what numbers we speak of.
$MANA - token of @decentraland is valued more than 2bn, and other worlds like somnium etc following.
https://www.bloomberg.com/news/articles/2021-03-19/virtual-land-prices-are-booming-and-now-there-s-a-fund-for-that
I always said $MONA will do a $MANA
and at one point I will quote myself when $MONA trades in the bn.
$MANA - token of @decentraland is valued more than 2bn, and other worlds like somnium etc following.
https://www.bloomberg.com/news/articles/2021-03-19/virtual-land-prices-are-booming-and-now-there-s-a-fund-for-that
I always said $MONA will do a $MANA
and at one point I will quote myself when $MONA trades in the bn.
Not that utopian but still groundbreaking for an industry who’s a bit fighting to find itself in the 21st century is the idea of having digital 3d content environments supporting physical fashion.
https://www.voguebusiness.com/technology/3d-design-is-the-future-brands-are-catching-up
https://www.voguebusiness.com/technology/3d-design-is-the-future-brands-are-catching-up
Digital fashion will soon be a key factor from designing to advertisement and marketing to selling actual goods to the customer.
It will become absolute mainstream and normal to have huge live 3d environments where u can try and wear fashion digitally before buying it.
It will become absolute mainstream and normal to have huge live 3d environments where u can try and wear fashion digitally before buying it.
It will act as a means to assist the physical production& distribution of clothing by optimising supply chain processes, reducing material consumption, allowing for higher productivity during a designer’s workflow
-and finally will bring the customer experience to the next level
-and finally will bring the customer experience to the next level
Linking these two sectors we can easily expect immersive 3d virtual stores on places like @decentraland filled with digital garments, being able to be delivered to your door as phyiscal goods.
It will happen sooner than we think, maybe even this year. https://www.theblockcrypto.com/linked/100515/gucci-other-luxury-fashion-brands-nft-report
It will happen sooner than we think, maybe even this year. https://www.theblockcrypto.com/linked/100515/gucci-other-luxury-fashion-brands-nft-report
And the last area where digital fashion will see is boom is GAMING. For those who still think this is a worthless niche for nerds.. Hold your tits.
https://investorplace.com/moneywire/2021/04/when-two-hypergrowth-themes-come-together/
I’ll share some numbers for those not acquainted to what hypergrowth theme gaming is:
https://investorplace.com/moneywire/2021/04/when-two-hypergrowth-themes-come-together/
I’ll share some numbers for those not acquainted to what hypergrowth theme gaming is:
The gaming industry is THE leading entertainment sector. The world championship of League of Legends had more views than the superbowl.
Virtual in-game items and goods make up 50bn rising FAST and HEAVY.
As an example, approx 60% of the fortnite item sales are cosmetic skins.
Virtual in-game items and goods make up 50bn rising FAST and HEAVY.
As an example, approx 60% of the fortnite item sales are cosmetic skins.
So… now that we all agree that this is the future, whats the deal with @DIGITALAX_ and $MONA.
They have created a three layer digital fashion operating system (DFOS)
L1: Content Distribution and Supply Chain
L2: Interoperability
L3: Digital Economy Ecosystem
They have created a three layer digital fashion operating system (DFOS)
L1: Content Distribution and Supply Chain
L2: Interoperability
L3: Digital Economy Ecosystem
L1 is all about fractional garment ownership, so that u can create individual components of a garment, e.g. raw materials erc-1155 in on-chain libraries.
Designers and fashion brands can hereby leverage these libraries to create master garments as erc721 garments
Designers and fashion brands can hereby leverage these libraries to create master garments as erc721 garments
So any(!) designer can create a digital material and any brand could use this pattern of an open-source library to create an edition out of it.
Therefore democratising the whole supply chain - distributing revenue back to the creator - incentivising and monetising creativity
Therefore democratising the whole supply chain - distributing revenue back to the creator - incentivising and monetising creativity
The issue nowadays is there is a lot of creativity but it is stuck in silos, files and pixels.
L1 is the ground- and framework for the whole digital fashion industry. It literally sets the #nft standards of an industry already in the billions and growing fast.
L1 is the ground- and framework for the whole digital fashion industry. It literally sets the #nft standards of an industry already in the billions and growing fast.
So now we have this cool #NFTs but what to do with them?
Here comes the magic of L2 into play.
L2 is the technical architecture to solve the triple structural disparity between digital fashion creation, application performance and market utility.
So in layman terms...
Here comes the magic of L2 into play.
L2 is the technical architecture to solve the triple structural disparity between digital fashion creation, application performance and market utility.
So in layman terms...
Your fashion should not be just a token on the blockchain.
It should have UTILITY.
You should be able to WEAR it in VR, gaming and 3d environments. For that the information of the original file (your #NFT) must be mapped into the application.
It should have UTILITY.
You should be able to WEAR it in VR, gaming and 3d environments. For that the information of the original file (your #NFT) must be mapped into the application.
Think about like “Wrapped Bitcoin” - the wrapping makes Bitcoin "readable" and "usable" for the ethereum blockchain.
This very same asset exchange logic with enhanced compatibility also applies when converting 3D files across distinct modelling, animation, and game engines.
This very same asset exchange logic with enhanced compatibility also applies when converting 3D files across distinct modelling, animation, and game engines.
This interoperability and utility is the real magic. Yeah #NFTs as collectibles and as a medium of tokenized creativity is great but the moment you can use the #NFT - everything changes. Utility will drive mainstream adoption of #NFTs and L2 is providing exactly this.
So… we have an industry standard and a supply chain, we have the interoperability - what is missing?
Exactly, L3 is taking care of the economics. @DIGITALAX_ acts as a marketplace for fashion. But there is SO MUCH MORE.
Exactly, L3 is taking care of the economics. @DIGITALAX_ acts as a marketplace for fashion. But there is SO MUCH MORE.
ESPA is a casual esports platform with a truly revolutionary concept. Please watch the video, it will blow your mind.
Please also check the graphics below for example to see the ecosystem of @ESPA4play and understand how everyone participating can profit
Please also check the graphics below for example to see the ecosystem of @ESPA4play and understand how everyone participating can profit
Now last but not least.. what we all care about most.. the token.
$MONA acts as a governance and utility token within the ecosystem. In addition to that as a $MONA holder you receive parts of the sales and profits. For the last auction this was 6% of the whole revenue.
$MONA acts as a governance and utility token within the ecosystem. In addition to that as a $MONA holder you receive parts of the sales and profits. For the last auction this was 6% of the whole revenue.
In contrast to a lot of vaporware, copycats and pump and dump coins @DIGITALAX_ and their token $MONA creates real utility and will disrupt a whole industry.
You get dividends on top of that. Hard to imagine that the marketcap will not end somewhere in the billions.
You get dividends on top of that. Hard to imagine that the marketcap will not end somewhere in the billions.
This would be a 100x from here. It’s basically your ticket to retirement if you have the patience and if you do your diligent research.
There is so much more to write, to tell, to read, to learn. Check their medium to dig more into the concept:
http://medium.digitalax.com
There is so much more to write, to tell, to read, to learn. Check their medium to dig more into the concept:
http://medium.digitalax.com
Especially this article here: https://digitalax.medium.com/programmable-interoperable-digital-fashion-the-new-operating-system-e23b484bf837
Also read this article the founder of digitalax @emmajane1313 wrote recently about fashion and nft: https://www.nasdaq.com/articles/why-digital-fashion-is-the-next-frontier-of-nfts-2021-04-07
I will gradually add more.
Come join us in the discord in the meanwhile: https://discord.com/invite/DKbSqRGtKv
Come join us in the discord in the meanwhile: https://discord.com/invite/DKbSqRGtKv
Sorry I forgot... the youtube channel.
Find everything and a lot more there: https://www.youtube.com/channel/UCE26XV44aaYe1zlPnDbiz5Q
Find everything and a lot more there: https://www.youtube.com/channel/UCE26XV44aaYe1zlPnDbiz5Q
While the market is busy discussing the ATH of $DOGE (congrats, btw!), @DIGITALAX_ is building the new economy for digital fashion.
Their next move is to step into the #metaverse and offering a hybrid digital-physical fashion line with fiat on-ramp for mass adoption.
$MONA
Their next move is to step into the #metaverse and offering a hybrid digital-physical fashion line with fiat on-ramp for mass adoption.
$MONA
(1/2)
Bombs dropped in yesterday's @DIGITALAX_ live stream:
* increasing the team size drastically on all frontiers: dev, marketing, management
* currently in talks with several new potential partners
* boosting marketing around the new collab with @HRF
*... read more
Bombs dropped in yesterday's @DIGITALAX_ live stream:
* increasing the team size drastically on all frontiers: dev, marketing, management
* currently in talks with several new potential partners
* boosting marketing around the new collab with @HRF
*...
read more
* hybrid digital and physical #NFT fashion line for direct onboarding into the metaverse (online and IRL), fiat accepted
* @ESPA4play > marketing & ecosystem growth with lots of tournaments&mods in minecraft, LoL, CS& more
* incredible dev work with the 1st ever erc998 bridge
* @ESPA4play > marketing & ecosystem growth with lots of tournaments&mods in minecraft, LoL, CS& more
* incredible dev work with the 1st ever erc998 bridge
" @DIGITALAX_ is currently working on a solution to this issue with their cross platform interoperability architecture in the form of a new 3D file format called .DASH."
$MONA $MANA #NFT
Read here why this is important: https://twitter.com/3poisoned/status/1386688613916741635?s=19
$MONA $MANA #NFT
Read here why this is important: https://twitter.com/3poisoned/status/1386688613916741635?s=19
Let's talk about price action for $MONA.
I stated many times that I am neither concerned about price swings nor about the future development of the token price.
This is, because I only see two scenarios where $MONA will not significantly increase in price (x10).
These are:
I stated many times that I am neither concerned about price swings nor about the future development of the token price.
This is, because I only see two scenarios where $MONA will not significantly increase in price (x10).
These are:
(1) a complete crash of the blockchain ecosystem e.g. caused by a successful global political war against anything related to crypto
(2) a complete failure of the @DIGITALAX_ team with closure of the project and no-one interested in taking it over
Why is this very unlikely?
(2) a complete failure of the @DIGITALAX_ team with closure of the project and no-one interested in taking it over
Why is this very unlikely?
(1) A total & global war against crypto is unlikely because there are too many big names involved already and too much harm would be conducted to the economy.
Then the war would need to be successful. Although chances are high that governments will succeed, it doesnt has to be.
Then the war would need to be successful. Although chances are high that governments will succeed, it doesnt has to be.
(2) Startups can fail. However, having the right idea, people & money most of the time they won't. Rather, these tend to disrupt industries.
@DIGITALAX_ has all, and a look into the treasury reveals they won't run out of money for years to come.
@DIGITALAX_ has all, and a look into the treasury reveals they won't run out of money for years to come.
Looking at @emmajane1313 I see a bright mind, revolutionary ideas and many skills, from communication to imagination to serious development of code.
I see someone being very soon in FORBES UNDER 30. Having both my direct superiors there already, I feel confident in saying that!
I see someone being very soon in FORBES UNDER 30. Having both my direct superiors there already, I feel confident in saying that!
I know both (1) and (2) could be discussed in lengths, and if people are interested to do so, count me in.
For now it covers the key reasons.
That being said @DIGITALAX_ has the right ideas at the right time with the right people and more than enough money.
For now it covers the key reasons.
That being said @DIGITALAX_ has the right ideas at the right time with the right people and more than enough money.
The main reason why I am so optimistic regarding the price of $MONA is that price has always been following value.
Basically, if the (perceived) value of @DIGITALAX_ increases, price will follow.
Since I am absolutely certain that value will increase, price will do the same.
Basically, if the (perceived) value of @DIGITALAX_ increases, price will follow.
Since I am absolutely certain that value will increase, price will do the same.
Is it really that simple? YES. *How* value is perceived is not that simple and it includes to the most part:
(1) fundamentals: what is the project building and economically achieving
(2) overall market sentiment
(3) tokenomics
(4) hype and trends
i'll cover all
(1) fundamentals: what is the project building and economically achieving
(2) overall market sentiment
(3) tokenomics
(4) hype and trends
i'll cover all
(1) -> just look at this thread. People might not understand what @DIGITALAX_ is building since they don't understand what's going on, they don't understand the future impact or simply don't know the project.
All that will change, attention and understanding will come.
All that will change, attention and understanding will come.
We have like 9000 crypto and all of them (if they are not dead) are fighting for attention and money. Indeed, often times the loudest and shrillest coins get the most attention short-term.
Long-term, however, projects with the best fundamentals will receive the most attention.
Long-term, however, projects with the best fundamentals will receive the most attention.
I'll give you two examples of projects which are brilliant ideas in their respective niche but were going sideways/"nowhere" until they were discovered or a trigger event happened.
What happened to them will happen to $MONA as well. It is inevitable.
What happened to them will happen to $MONA as well. It is inevitable.
Ex. 1 $CHZ
Look at the goddamn left chart. Hovering at 0.01, although they were doing great in their niche. Then, one event, actually just one announcement of expansion made it go from 0.01ish to nearly 1.00.
This can happen to $MONA anytime some major fashion player steps in.
Look at the goddamn left chart. Hovering at 0.01, although they were doing great in their niche. Then, one event, actually just one announcement of expansion made it go from 0.01ish to nearly 1.00.
This can happen to $MONA anytime some major fashion player steps in.
Ex. 2 $wCRES
Ppl know I was following them from the start. Revolutionary idea, but for a long time no-one really seems to care. Then, out of nowhere, from 6ish up to 70.
There was not even a trigger, just solid fundamentals finally playing out.
Ppl know I was following them from the start. Revolutionary idea, but for a long time no-one really seems to care. Then, out of nowhere, from 6ish up to 70.
There was not even a trigger, just solid fundamentals finally playing out.
Fundamentals are so damn important because even if (2) market sentiment is not favourable, a successful project will create price appreciation anytime the market sentiment switches bullish.
I can't foresee the future, but...
I can't foresee the future, but...
Even if the market sentiment switches bearish or crypto going sideways for some time, as soon as the markets recover - boom. My favourite comparison is $MANA, where exactly that happened.
Great project, then 2018 sentiment turned bearish and now, in this bullrun, total explosion
Great project, then 2018 sentiment turned bearish and now, in this bullrun, total explosion
I love the $MONA / $MANA comparison so much because digital fashion will play a huge role in the metaverses. Additionally I see @decentraland as a similar project as @DIGITALAX_ - a revolutionary idea, which time and success will come undoubtedly.
(3) $MONA tokenomics. I don't see that covered a lot and unfortunately the @DIGITALAX_ website fails to present their tokenomics. Which is sad because their tokenomics are fairly distributed, already done by 81% and will also end on 08.12.21 with no more inflation taking place.
$MONA distribution took place by offering genesis NFTs for ETH.
These NFTs were stakeable for $MONA rewards in exchange depending on their ETH investment. However, ETH investment was capped by 2 per NFT.
In total, 406 NFTs were created with a total value of 364 ETH.
These NFTs were stakeable for $MONA rewards in exchange depending on their ETH investment. However, ETH investment was capped by 2 per NFT.
In total, 406 NFTs were created with a total value of 364 ETH.
Later purchased NFTs were stakeable as well, with currently 295 ETH sitting there farming $MONA.
This is how $MONA got and gets distributed and if you look at the holders, you see a very equal and fair distribution. https://etherscan.io/token/0x275f5ad03be0fa221b4c6649b8aee09a42d9412a#balances
This is how $MONA got and gets distributed and if you look at the holders, you see a very equal and fair distribution. https://etherscan.io/token/0x275f5ad03be0fa221b4c6649b8aee09a42d9412a#balances
The team has some genesis NFT as well and is farming $MONA, to my best knowledge we are talking about 20-50ish of ETH farming power combined. So very simply and roughly said, team distribution is anywhere between 2-5%. Treasury roughly holding 10%.
The rest are hodlers.
The rest are hodlers.
The distribution ends in Dec 2021, totalling in 10.000 $MONA and not a single token can and will be created, unlocked or will in any other way dilute the marketcap from then on.
Considering the upcoming demand based on the future developments of the project and the scene....
Considering the upcoming demand based on the future developments of the project and the scene....
...this is absolute MADNESS. The fully diluted marketcap of $MONA sits at 10m right now, the supply will dry out very soon and the fundamentals are as strong as it can ever be.
This is the perfect recipe for price appreciation.
The only question remains...how much?
This is the perfect recipe for price appreciation.
The only question remains...how much?
For that, I'd like to compare $MONA with the fully diluted marketcap of other tokens.
Some of them utter trash, some of them dead, some of them memecoins, some of them legit projects.
What they all have in common?
$MONA would need to do at least a x10 to reach them.
Some of them utter trash, some of them dead, some of them memecoins, some of them legit projects.
What they all have in common?
$MONA would need to do at least a x10 to reach them.
Last but not least (4) value is driven by hypes and trends. I am not talking about pumps and short-term volatility, I am meaning the awareness such trends can bring and therefore attracting investors and long-term holders who see and finally manifest the value by price.
Pretty sure that for all related to blockchain, metaverses, gaming, digital fashion and nft's awareness, hypes and trends will all come and probably stay for years.
At some point, $MONA will get caught up in the wave and just rides into the five-digits and will never look back.
At some point, $MONA will get caught up in the wave and just rides into the five-digits and will never look back.
So a very short tl;dr
The inevitable victory of blockchain, ethereum and digital assets, the inevitable digital revolution taking place, the value @DIGITALAX_ creates and then taking a look what other projects are currently valued, I get assured:
$MONA is a safe x10, if not x100.
The inevitable victory of blockchain, ethereum and digital assets, the inevitable digital revolution taking place, the value @DIGITALAX_ creates and then taking a look what other projects are currently valued, I get assured:
$MONA is a safe x10, if not x100.
