Image: D&G

1. Dolce & Gabbana Just Set a $6 Million Record for Fashion NFTs: Five of the pieces were physical creations, designed and executed by Dolce & Gabbana, with virtual iterations by UNXD for the metaverse. The four other pieces were solely digital: three richly embroidered men’s jackets and The Impossible Tiara, made of “gems that can’t quite be found on Earth.” – Read More on the New York Times

2. China’s Luxury Shoppers Slash Spending at Home to Shop Abroad, Report Says: China’s young female luxury buyers are slamming the brakes on their shopping spree at home, hoping international travel may soon resume. – Read More on Sixth Tone

3. RELATED READ: How a Decline in Chinese Tourists Around the World Has Hit the Luxury Sector. More than merely a way to avoid formerly steep VAT taxes, traveling further afield to Europe enables Chinese consumers to buy luxury goods that distinguish themselves from their peers, as different, regional designs are available than those offered up by the same brands in China. – Read More on TFL

4. Will Gen Z ever give up its dangerous love of fast fashion? Gen Z, a term used to refer to people born between 1997 and 2012, is typically thought of as socially progressive and environmentally aware. Yet, it is also a rapacious consumer of fast fashion, one of the world’s most polluting industries, often linked to human rights abuses in the global south. – Read More on the Guardian

5. The next fashion trend is clothes that don’t exist: Emerging digital fashion stores are tapping into a growing market of digitally generated outfits that stores simply photoshop onto a customer’s photos or videos to be posted onto Instagram and elsewhere. Soon they are likely to become a way to dress your avatar when interacting in online games and meeting places, all potentially while reclining in sweat pants in your own home. – Read More on Yahoo

6. US-based Poshmark enters India’s booming circular fashion industryThe central government’s crackdown on Chinese apps, including Shein, a platform for buying affordable trendy clothes, in June 2020 also narrowed choices for consumers, thus giving the circular fashion circuit a boost. – Read More on Business Standard