Digital fashion startup Syky raises $9 million and launches first NFT

This is even more pressing in the next phase of the Internet. A study by consulting firm McKinsey & Company found that 90% of funded metaverse founders in the past five years were men, and male-led metaverse companies received 95% of the funding. Furthermore, while 90% of the leadership roles in organizations developing metaverse standards are held by men, women spend more time in the early metaverse space, especially in fields such as marketing and design, and are more likely to find themselves in the metaverse within the enterprise. You are more likely to promote your initiative. .

“Building an organization that embraces diverse perspectives and leads with empathy helps break down the barriers to good ideas and talent finding capital,” says early-stage venture funds. Syky investor Alison Rosenthal, founder and managing partner of Leadout Capital, a Delahunt brings diversity, equity and inclusion both within the organization and to the fashion-her community that Syky is building, she adds Rosenthal.

Delahunt said it was a “bumpy road” to secure funding as he was looking for investors who understood the long-term fundamentals of blockchain, cryptocurrencies and fashion. “There was a lot of hype throughout the bull market. But I think the market has shaken off a lot of the noise with unrealistic valuations.” It points to recent efforts by companies such as Nike, Adidas, and Roblox, suggesting the long-term potential of digital goods and Web3 technology.

She acknowledges that it’s still early days for the fashion industry and understands why many have approached the Web3 space cautiously. In thinking about what Syky could do, both digitally and physically, she was inspired by her eponymous founder of Ralph Lauren. “Ralph said, ‘I don’t design clothes. I make movies.

“When you look at some of the archival collections of designers like McQueen and imagine how they might come to life in a digital or augmented world, the creativity behind the designer’s imagination is the essence of physical space. It has the potential to transcend boundaries and be truly realized,” says Delahunt. “For me, that’s what Syky is all about: providing the absolute maximum capacity for designers to showcase and share their designs.”

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