FIA’s Technology Development Manager, Moin Roberts-Islam, is featured in Vogue Business discussing the environmental and legal impact of NFT’s within luxury fashion.
“Creating a standalone NFT is a real risk for luxury brands at this point in time,” Roberts-Islam says. He believes that, in addition to environmental concerns of Ethereum-based blockchains, the uncertainty, and legal and storage issues of the current iteration of fashion NFTs means they don’t hold long-term value.
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