Exploring the Direction of NFTs(Non-Fungible Tokens) Fashion Marketing Strategy through Analysis of NFTs Fashion Product Types

The rapid advancement of Web 3.0 is accelerating the development of NFT and blockchain technologies, substantially improving consumers&quot digital activities and experiences. The rapid growth of the NFT market highlights the growing importance of digitalization, particularly in the fashion industry, which is expected to be restructured and commercialized in this new environment. NFTs guarantee originality, uniqueness, and scarcity, adding value to digital works through media data, smart contracts, and metadata. The continuous growth of art-related NFTs underscores the potential for issuing and expanding fashion product NFTs. This study analyzes data from recent NFT-related papers, domestic and international literature, and reports from various research institutes. The findings were reinterpreted to provide insights applicable to fashion-related studies and the fashion industry. While fashion product NFTs and the development of suitable platforms for their trading can be viewed as extensions of the existing NFT industry, the unique characteristics of the fashion industry must be considered. It is essential to incorporate additional factors into fashion NFTs beyond the inherent qualities of originality, uniqueness, and scarcity associated with existing NFTs. Doing so can establish a marketing environment based on consumer experience and perceived value.

Authors

Publication Details

Journal
The Korean Society of Costume
Published
2024-08-31
DOI
https://doi.org/10.7233/jksc.2024.74.4.021
Citations
2
Primary Topic
Consumer Perception and Purchasing Behavior
Type
article
Field-Weighted Citation Impact
0.88
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article

Exploring the Direction of NFTs(Non-Fungible Tokens) Fashion Marketing Strategy through Analysis of NFTs Fashion Product Types

Dayun Jeong, Young-Sam Kim
2 citations
The Korean Society of Costume
Consumer Perception and Purchasing Behavior
0.88
article

Exploring the Direction of NFTs(Non-Fungible Tokens) Fashion Marketing Strategy through Analysis of NFTs Fashion Product Types

Dayun Jeong, Young-Sam Kim
article en
2 citations

Abstract

The rapid advancement of Web 3.0 is accelerating the development of NFT and blockchain technologies, substantially improving consumers&quot digital activities and experiences. The rapid growth of the NFT market highlights the growing importance of digitalization, particularly in the fashion industry, which is expected to be restructured and commercialized in this new environment. NFTs guarantee originality, uniqueness, and scarcity, adding value to digital works through media data, smart contracts, and metadata. The continuous growth of art-related NFTs underscores the potential for issuing and expanding fashion product NFTs. This study analyzes data from recent NFT-related papers, domestic and international literature, and reports from various research institutes. The findings were reinterpreted to provide insights applicable to fashion-related studies and the fashion industry. While fashion product NFTs and the development of suitable platforms for their trading can be viewed as extensions of the existing NFT industry, the unique characteristics of the fashion industry must be considered. It is essential to incorporate additional factors into fashion NFTs beyond the inherent qualities of originality, uniqueness, and scarcity associated with existing NFTs. Doing so can establish a marketing environment based on consumer experience and perceived value.

The Korean Society of CostumeVol. 74(4)
Openalex Percentile: Top 19%
Consumer Perception and Purchasing Behavior
0.88
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Exploring the Direction of NFTs(Non-Fungible Tokens) Fashion Marketing Strategy through Analysis of NFTs Fashion Product Types — Dayun Jeong, Young-Sam Kim · The Korean Society of Costume (2024) | TGRS Research Map | TGRS