Million-Dollar Dolce & Gabbana Digital Suit Fractionalized on Ethereum L2 Base—Here’s Why – BitRss

Fermion Protocol, a real world asset or RWA ($0.02) application built on Ethereum layer-2 network Base, is launching its services by fractionalizing a Dolce & Gabbana digital suit that was purchased for $1 million.

The Glass Suit, part of the Italian fashion brand’s Collezione Genesi, was originally won in an auction by Boson Protocol in 2021. The auction was for both the physical suit—which took the fashion house eight months to create—along with a digital rendition tokenized as an Ethereum NFT ($0.00). Boson founder Justin Banon is also behind Fermion. 

Now Banon and his new protocol, which is built in the Boson metasystem, will commence its focus on fractionalizing and tokenizing physical, real world assets, starting with a focus on luxury goods.