The Singapore-based crypto exchange will be working with a creative decentralized autonomous organization (DAO) for a fashion NFT project.
There have been several companies inside and outside crypto that partnered with NFT projects, enabling artists or community members to create and monetize their artwork.
Based on the official announcement by MIRL, the collaboration between the two platforms will attempt to bring an NFT fashion project into the Metaverse.
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With Bybit becoming the presenting partner of the MIRL project, the crypto exchange will be bringing brand awareness to the innovative FashionFi NFT movement at live events around the world.
According to the CEO of Bybit Ben Zhou, MIRL’s FashionFi project will receive full support from Bybit, stating:
"MIRL is a great partner for us because we share similar values such as ethical products like slow fashion to unify sustainability with ethics and creating next-level NFT and metaverse projects."
Likewise, the MIRL project will receive instantaneous brand awareness from Bybit’s community and will hold several fashion shows this year, showcasing FashionFi NFTs from Singapore to New York.
Not only that, Bybit promised "true yield and competitive APY" by staking the NFTs, underlining that "MIRL NFT holders will get exclusive access to 6.88% APY on Ether (ETH) via Flexible Staking for 30 days on Bybit."
The first batch of FashionFi NFTs and native tokens will be launched on March 10th. 7,777 of the non-fungible tokens will be sold on MIRL’s website, while Bybit will distribute 1,111 of them to "esteemed individuals and VIPs of the Bybit ecosystem."
Bybit has been bringing in several digital asset art projects after launching its own NFT marketplace. Just a few weeks ago, Bybit announced a multi-year deal with Red Bull for an NFT and fan token project.
