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The state of fashion NFTs in 2023

The state of fashion NFTs in 2023

This article on NFTs in 2023 is part of our Vogue Business membership package. To enjoy unlimited access to our weekly Technology Edit, which contains Member-only reporting and analysis and our NFT Tracker, sign up for membership here.

After 2021’s NFT boom, and fashion and beauty’s double-down in 2022, 2023 has been a quieter year, as evidenced by the Vogue Business NFT tracker. While there are still weekly drops to report on, brands are no longer releasing NFTs for the sake of a marketing push. And, this year, generative AI managed to steal Web3’s thunder in terms of industry tech trends. This meant fewer but more intentional branded blockchain-based offerings in the first half of the year.

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