A virtual hoodie has sold for close to $31,000NZD using a new pay system called a non-fungible token (NFT).
The black hoodie is from the streetwear fashion label Overpriced. On the front is a logo in neon green graffiti font.
The hoodie was sold on the digital art marketplace Blockparty.co to an anonymous bidder. That bidder can now “wear” the garment in virtual settings online.
NFTs are a new kind of payment. The system works were digital assets assets can be traded for something else, whether that is cryptocurrency or another piece of digital kit.
Virtual garments are on the increase. Last month Gucci created the Virtual 25 – a pair of virtual neon green and pink trainers made to be worn in virtual, augmented reality worlds.