Should the DAO allow users to create custom wearables that can only be used for personal use at a much lower cost of publishing? Right now the costs are prohibitively expensive for players to customize their Avatar’s look.
Other Considerations:
This proposal would help drive additional fees for the DAO which are used to help fund the growth of the platform.
These personal use wearables can be limited to <5 wearables per user to avoid flooding the market.
Personal Use means a single edition of the wearable that cannot be sold.
Discussion:
The use cases and maturity of NFT projects are growing rapidly and it’s brought on a massive and newfound focus on digital/virtual identity, status, and style. With this has come a new market need for NFT customized wearables and accessories. Users want to show off custom gear and wearables stitched with their favorite NFTs that only they own.
Below are a few examples of the customizable wearable trend that demonstrate a need for this feature.
Rumble Kong League Clubs: Jerseys for Kong Players
10KTF / Wagmi San: Custom made Wearables from the NFTs you already own
RareShoe: Shoes with your own NFTs on them
NFTSpektr: Hats with your own NFTs on them
OpenTee.io: Custom made Wearables from the NFTs you already own
Here are some user base stats summed for these 5 projects. This shows just a fraction of the true market size for personalized wearables:
65,000 twitters followers
16,300 ETH (~$65M) Trading Value on OpenSea
This space is moving fast and big brands will soon begin to get involved. E.g. Adidas let’s you add your own NFT to their jumpers, Nike to their shoes, etc.
Adding this feature would meet this new demand and bring on a new wave of Decentraland users.