Million-Dollce & Gabbana Digital Suit Fragmented on Ethereum L2 — The Reason Behind It
Fermion Protocol is revolutionizing the approach to luxury goods by fragmenting a $1 million digital suit from Dolce & Gabbana on Ethereum’s layer 2 network. The suit, which is iconic and part of the Italian fashion brand’s Collezione Genesi collection, was originally purchased by Boson Protocol in an auction in 2021.
The piece not only comes in a physical version but also comes with a digital version as an NFT on Ethereum, bridging the gap between traditional fashion and the world of digital assets. Fermion Protocol, an initiative from Justin Banon, founder of Boson Protocol, is ushering in a new era in the fragmentation and tokenization of high-value physical assets.
Using fractionalization technology, Fermion plans to make luxury assets, such as Dolce & Gabbana suits, more accessible to a wider range of investors by slicing up the value of the asset. This is a major step that marks the convergence of the real-world and blockchain worlds, opening up the opportunity for physical assets to be owned and traded as digital assets on Ethereum L2.
This will not only increase the liquidity of luxury assets, but also create new opportunities for investors to participate in this market. Fermion Protocol promises to continue to develop and exploit real-world assets, helping to fractionalize and tokenize them to develop a luxury ecosystem in the digital era.