NFTs and the Fashion Market are Coming Together Digitally

NFTs and the Fashion Market are Coming Together Digitally

If you know about the virtual hoodie that was sold off for $26,000, you must have at least wondered once that what’s this all about? Literal digital clothing that is expensive doesn’t make sense. Well, it doesn’t have to. The only thing that counts is that there is a huge demand for these virtual wearables.

Non Fungible Tokens (NFTs) have created a whole wave of movement in the past few months. With the ability to be linked with digital items, the crypto tokens are unique in nature and represent rare items.

Though NFTs gained fame in the start as tokens that represented different kinds of art, today the movement has crossed barriers and moved into the fashion industry. Avatars, or digital forms of yourself, have been around for many years now. From Second Life to Minecraft, people can customize their characters with different items to show their individualism.

Today, different digital wearable items have leveraged the power of NFTs and are being increasingly used. While there is nothing different about the wearables with or without NFTs, one thing certainly is. The use of NFTs means that there is proof that the digital item is one of a kind, proving its uniqueness. Fashion and luxury are all about being different from the rest and the rarity, something that NFTs are programmed to do so. No wonder that today the NFT fashion industry has exploded.

And we are not talking about this on a small scale. Though difficult to estimate the NFT powered wearable market, overall NFTs today are worth more than $2.5 billion. Individuals have been able to enter the market and exploit the demand to grow their business. Any designer can now create a digital version of wearable items like a jacket and put it up for sale. As the artist’s name grows, so does the demand for his creations. Instead of mass-producing, the artist can capitalize more by making even rarer and sought after clothing.

It is not just the small players. Big corporations are in on the NFT fashion craze too. Fashion powerhouse Gucci is on it too, creating fashion clothing. Burberry mints NFTs that represent fashion accessories too.

Roseon Finance is a yield aggregator platform that is on a mission to provide people opportunities in the ever-expanding crypto sphere. With the NFT and fashion industry ramping up, Roseon Finance is proud to team up with NFTrade, a cross-chain NFT trading platform.

The Roseon Finance NFT Farm allows users to stake their ROSN tokens and have a chance to get their hands on exclusive digital fashion wearables NFTs. What’s up for grabs, you may ask. Well, the exclusive Roseon NFTs are arranged in three categories, namely Roseon Dynamic (400 unique NFTs), Roseon Legacy (200 NFTs) and the rarest, the Roseon Revolution (50 in total).

But why spend so much money on something that you cannot wear?

That is one question that many people ask when they learn that something as simple as a digital jacket or footwear can cost anywhere between a few hundred dollars to the tune of thousands. The answer is complex but very straightforward.

We know fashion is all about making a statement. An expression of individualism. Considering that most of the world had been cooped up (and to a greater extent, is still facing hurdles in free movement) due to the recent pandemic, people have moved their social life from the real world to the virtual. Platforms like Decentraland have created an outlet for the social needs of meeting with friends and people, shopping in virtual stores, even visiting virtual casinos and attending concerts. How do they visit? Through virtual selves of themselves called avatars.

The need to dress up smart and in a fashionable manner simply moved from the real to the virtual world. For the online generation, buying a digital wearable today is as same as getting one in real life. Your avatar is YOU and what you wear is your self-expression.

Many wearable creators have also started to offer the opportunity to get the item in real life, linking the disconnect many people face on the virtual item and the lack of its physical existence.

 

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How to join LP Staking Pool

How to join LP Staking Pool

People love staking and earning all the time. This is the reason that last month we launched ROSN/BNB Pancake LP Pool with a dual rewards program to support the ROSN token liquidity and give back to its loyal community members. With this program, liquidity providers can stake their LP tokens in Roseon Mobile and earn double rewards. Article

How to join LP Pool

1. How to obtain tokens

Buy ROSN tokens on PancakeSwap or on Kucoin Exchange

Buy BNB or BUSD tokens on PancakeSwap or Binance

Buy CAKE tokens on PancakeSwap

2. Add liquidity to the Pool on Pancake

  • Type the amount of token you want to supply, click Supply and Confirm Supply.

  • Go back to your MetaMask wallet, click on Assets, scroll down and click Add Token.
  • Paste token contract address:

ROSN/BNB: 0x5548bd47293171d3bc1621edccd953bcc9b814cb

CAKE/BNB: 0x0eD7e52944161450477ee417DE9Cd3a859b14fD0

BNB/BUSD: 0x58F876857a02D6762E0101bb5C46A8c1ED44Dc16

  • Click Next and Add Tokens.
  • Now you will be able to see your LP tokens in your MetaMask wallet. Remember they are BEP20 tokens, for the Binance Smart Chain

3. How to farm your LP tokens in Roseon App to earn dual rewards

  • In Roseon App, copy or note down your LP address
  • In Metamask, send your LP token to the Roseon LP address
  • In Roseon app, click on Invest and click Farm on LP Pool
  • In Roseon app, enter the amount that you want to farm, click Farm
  • Notes:

    • To participate in the Roseon pools, users stake their tokens within the app before the start date/time.
    • Once deposited into the pool, the tokens will be locked for the entire term. Rewards are accumulated and claimed at the end of the term.
    • 5% Management Fees (APR) are deducted from rewards, staked tokens and rewards are distributed back to the users
    • All deposits are locked in and reward earnings begin 00:00 UTC +7 after the subscription period. The reward will be distributed 24 hours after the pool ends.

    Download the Roseon Mobile App

    Android: https://play.google.com/store/apps/details?id=roseon.finance

    iOS (Testflight): https://apps.apple.com/vn/app/testflight/id899247664

    How to setup Testflight: https://roseon.medium.com/ace27ac6afe6

    About Roseon Finance

    Roseon Finance ($ROSN) is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks. Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app that is available on both Android and iOS and was built to help onboard new users to DeFi with its customer-centric design. Roseon has its own utility token $ROSN, with a total supply of 100 million, which is used for staking, transaction fees, and participating in tiered products and services on its mobile app.

    Website | Medium | Twitter | Telegram

    Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook

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    “Learn To Earn” Quiz Contest — Learn Blockchain Knowledge & Earn $ROSN

    “Learn To Earn” Quiz Contest — Learn Blockchain Knowledge & Earn $ROSN

    “Learn To Earn” is the first Blockchain quiz contest driven by Roseon Finance. Through the contest, users can learn knowledge about #Blockchain, #Cryptocurrency, #Security, #CryptoInvestment, #RoseonFinance, #ROSN, and earn rewards from Roseon Finance.

    The bimonthly “Learn to Earn” Roseon Quiz Contest will be held at 2 PM (UTC) on Monday, and the first contest will be on 2nd August 2021 in the Roseon Telegram Community.

    We will give away the rewards in $ROSN tokens for the 3 winners who answer the most questions correctly and in the shortest time each week.

    The total rewards per week: $25

    🥇 1st prize: $12

    🥈 2nd prize: $8

    🥉 3rd prize: $5

    Important Notes:

    • There will be 10 multi-choice questions operated by the Telegram bot. Everyone will have 15 seconds to answer each question.
    • At the end of the contest, the TOP 3 participants with the highest score in the shortest time will become winners of the campaign.
    • Each member only gets one chance to answer each question.
    • Any cheats will be disqualified.
    • Leaderboard: Leaderboard is shared weekly.
    • Rewards will be distributed on the last day of the month, winners must provide the email address & $ROSN address

    Are you ready? Click here to join the Roseon community and get ready for the contest and don’t forget to invite your friends together!

    About Roseon Finance

    Roseon Finance ($ROSN) is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks. Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app that is available on both Android and iOS and was built to help onboard new users to DeFi with its customer-centric design. Roseon has its own utility token $ROSN, with a total supply of 100 million, which is used for staking, transaction fees, and participating in tiered products and services on its mobile app.

    Website | Medium | Twitter | Telegram

    Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook

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    How to install Roseon Mobile through Testflight (for iOS users)

    How to install Roseon Mobile through Testflight (for iOS users)

    Roseon Finance Mobile App is continuously upgraded to a new version. So if you use the iOS operating system, and want to always experience the latest features, what should you do? That is to install the Roseon Mobile application through Testflight instead of waiting for the application to live on the App Store.

    What’s Testflight

    TestFlight is a platform provided by Apple that allows public users to install beta version of your app. It’s important to realize this is different from the App Store (which is available to the general public) vs Testflight.

    Why you should install Testflight version

    Roseon App is continuously upgraded to a new version, with many new features, enhancements and improvements. By installing Testflight version, you’ll get access to the latest versions of the iOS application on mobile devices with fully integrated and secured features, without waiting for Apple’s approval.

    How to install Roseon Mobile app through Testflight

    Step 1: Install Testflight application:

    Step 2: Set up the initial steps for Testflight. Once done, you will be on the main page of Testflight. Currently, no application is available.

     

    • Step 3: Click on this link and click “Start Testing”

      Step 4: Click “Accept” and “Install”, wait for the app to be successfully installed.

      Now, you have successfully installed Roseon App through Testflight. In the future, when a new app version is available, you can update with the latest version using Testflight.

      Download the Roseon Mobile App

      Android: https://play.google.com/store/apps/details?id=roseon.finance
      iOS: https://apps.apple.com/vn/app/roseon-finance/id1559440997
      iOS (Testflight): https://apps.apple.com/vn/app/testflight/id899247664

      How to setup Testflight: https://roseon.medium.com/ace27ac6afe6

      About Roseon Finance

      Roseon Finance ($ROSN) is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks. Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app that is available on both Android and iOS and was built to help onboard new users to DeFi with its customer-centric design. Roseon has its own utility token $ROSN, with a total supply of 100 million, which is used for staking, transaction fees, and participating in tiered products and services on its mobile app.

      Website | Medium | Twitter | Telegram

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      The NFT Revolution in Art and Music

      The NFT Revolution in Art and Music

      Non-Fungible Tokens (NFT) have recently emerged as a revolutionary innovator in the world of art. Everyone from Tom Brady to WWE’s The Undertaker seems to be cashing into the crypto world through NFTs. But what are NFTs? To understand the concept of an NFT you first need to appreciate the concept of fungibility in commerce. A fungible item is one that can be freely exchanged for another identical item and will retain the same value. Crypto and Fiat currencies, for example, are fungible commodities. A particular dollar bill can be exchanged for any other dollar bill and both will have identical value. Likewise, no one Bitcoin is worth more than another.

      NFTs however, are an entirely different type of commodity. Each NFT is a unique token that exists on the blockchain. They can be bought and traded but their value is independent of anything else on the blockchain. In this respect, NFTs correspond to physical pieces of art. Every painting has a value but it is determined by its quality, its painter and its history. Its value is totally unique to it and it alone. A perfect copy of a Picasso painted by someone else is not worth a fraction of the original. Similarly, NFTs carry their own value based on an easily traceable history that is recorded on the blockchain. NFTs are a revolutionary innovation in the world of digital art, such as illustrative arts, motion pictures, and music.

      According to an article published in Forbes, Cathy Hackle[1] suggests that NFTs have changed how artists sell and trade their work. There has been a huge amount of buzz recently about NFTs and artists worldwide are getting involved. NFTs solve a problem that has plagued digital artists for as long as digital art has existed. Namely, that digital art is incredibly easy to duplicate. In essence, NFTs allow artists to put a permanent and unique digital signature on digital artwork and transfer it to the blockchain. This preserves its existence and its history.

      NFT technology is only five years old and their utility as a means of delivering art is only just being realized. Pictures and gifs have been the primary source of most of the big NFT buys so far, but that could soon change. According to Rolling Stone[2], Kings of Leon will release the first music album to be published on the blockchain as an NFT. They will mint three types of tokens to launch their series called “NFT Yourself”. The arrival of music into the NFT space heralds another huge leap forward and demonstrates how quickly NFTs have been adopted by a mass audience.

      The owner of an NFT can decide to either hold it, sell it, or gift their artwork to other people. However, the original file of the art is the intellectual property of the creator who developed the artwork in the first place. NFTs enable artists to both freely share their work but at the same time have no fear about losing ownership to copying. This concept has never existed in digital art.

      If you’re looking to get involved in the world of NFTs, Roseon Finance is offering artists a simple way to showcase and manage all of their NFT creations. With Roseon’s NFT gallery, artists can share their entire portfolio with their fans. All you need is a wallet address and the NFTs stored there, whether they be pictures, gifs, collectibles or music, can be experienced in the gallery. There’s also a marketplace where artists can show their highest selling items and allow interested parties to make bids. The NFT gallery fully integrates with your camera meaning you can take pictures and instantly store them on the blockchain. Now you can share special moments with your loved ones by sending that moment in a form that is totally unique for that person.

      The concept of revolutionary technology such as the blockchain, coupled with artwork, has revolutionized the art and music industry. Within the industry, the blockchain provides an effective reduction in instances of piracy and copyright infringement. In short, NFTs offer the security to artists that the internet and traditional media failed to provide.

      References:

      [1] https://www.forbes.com/sites/cathyhackl/2021/03/04/four-things-brands-need-to-know-about-nfts-non-fungible-tokens/?sh=b99d6d0222f8

      [2] https://www.rollingstone.com/pro/news/kings-of-leon-when-you-see-yourself-album-nft-crypto-1135192/

      Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook

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      Fintech and DeFi in Asia: A Tool to Empower Women

      Fintech and DeFi in Asia: A Tool to Empower Women

      A History of Financial Exclusion

      When traveling in Southeast Asian countries, you will definitely experience a culinary culture full of local identity and style. Take a moment to look around you though, and you’ll notice that nearly 70% of such street vendors are women. A small discovery, but also a reason to reflect on the difficult lives of many Southeast Asian women.

      In Southeast Asia, a woman has to face many prejudices and constraints since birth. Common examples are: “Women do not need to learn much”, “Marriage must depend on your husband”, “You must give birth to a son to continue the family line”, “you must stay at home and do housework”, and so on. Thousands of years of tradition and toxic gender power dynamics push women into the role of producing children, serving their husband, and menial household tasks. Many people choose to accept this as an unfortunate but unavoidable truth.

      One consequence of this gender inequality is that women aren’t trusted to handle financial matters. In many families, the woman is only given monthly living expenses to take care of the family — they don’t ever posess or control any money beyond that themeselves. Less resources are allocated to their education, so they only have access to jobs paying minimal salaries for hard, unskilled labor. In South Asia, 1 out of 3 women will be in this unskilled labor market, many without the protection provided by a formal work contract.

      The lack of focus on women’s education excludes them from the benefits of new technologies. The situation where older women are struggling with or need to ask for instructions to be able to use smartphones, install Facebook apps, Youtube, and so on — it’s practically a stereotype. If you look at the gender ratio in university Science, Technology, Engineering and Maths (STEM) classes, it’s pretty easy to see that women barely benefit at all from the development of new technologies. This is significantly worsened by the fact that access to finance (and investment) requires more access to technology now.

      Currently, blockchain technology has been becoming popular in Southeast Asian countries. People are gradually becoming familiar with the tools to use it: smart contracts, digital money, and e-wallets. However, using these still requires a high degree of technical sophistication. We have to honestly ask ourselves whether women are being afforded access to these tools — are we truly creating a fair and decentralized economy? Or are we inadvertently perpetuating systemic inequalities that have existed for ten thousand years?

      Hard-Won Progress

      I believe that no matter how repressed, women still carry within themselves the strength to rise up like an oncoming storm. Amid the numerous disadvantages, many women have overcome incredible odds to find their own freedom — especially financial freedom.

      Times are changing, and the roles of men and women are changing. If in the past, they were bound, restricted in family life, role and position at work, now they can more freely speak their voice, and hold positions of influence in society. Women hold 28% of global management positions, and 22% of government cabinet ministers. This shows both that the system is still unfair, but also that it is capable of change — perhaps tomorrow, we can make it a little more fair than today. More and more women desire a healthy social life, good jobs, and travel… through their own labor and the consequent financial freedom it offers.

      “When I have the opportunity to work in a company in Blockchain technology, especially when introduced to Roseon Wallet, my life is like opening a new page. I was able to take care of myself and contribute a part to my family’s finances. Above all, I have gained certain confidence for myself ”. Those are the words of a young female student whom we had the opportunity to interview.

      More and more women desire careers — not only as an alternative to family life, but also as a supplement or even a prerequisite to one. They hope to gain economic autonomy by their own merit, not through marriage (an unreliable way to achieve that anyway). Financial independence is a safe backbone that their mothers never had, and gives them the power to make better choices. That is why they intentionally create a career first — so that marriage can be a choice, not a requirement.

      In an interview with Phuong Lyn, she said: “In the past, my life was only going to work, going home, and after that I had children so I only took care of my children. I don’t even think of my wallet. After being introduced to Roseon Wallet by a friend, I carefully researched it. Up to now, Roseon Wallet has helped me manage my finances ”.

      Women today have bigger roles to play. If they were only housewives yesterday, today they are women with independent careers. They have many opportunities to grow, they can break old stereotypes and live the way they want. Participate in all activities as equals, equipped with the necessary knowledge to lead an independent life. If they decide to commit to marriage and/or a family, it will be in the confidence that it is their own decision.

      Technology and Financial Inclusion

      Knowledge helps us become more confident and proactive by exploring competencies by itself. However, in practice we need to apply technology to use that knowledge to better our lives.

      In everyday life, technology exists in all areas. In work management, we have office applications that help distribute and connect information and data. In home care, we have home status apps, menu recommendations and recipes online, etc. In sports, you can connect to your favourite team using just your phone. Entertainment is endless: games, collectibles, virtual reality, etc.

      What about technology in finance? Perhaps we are familiar with the spending management apps, and Internet banking apps of traditional banks. However, with digital assets and blockchain, it’s possible to have wallets independent of any bank that hold digital money too. They also let you grow your assets within the application! Roseon Wallet, for example, is focused on letting you hold all your digital assets in one place — and giving you access to tools to grow your assets using decentralized finance (DeFi). Their mission is to bring the benefits of cryptocurrencies, DeFi and Blockchain to people around the world in the safest and easiest way.

      New technologies are always being developed to serve human needs in new and different ways. Blockchain and digital currency wallets like Roseon are no exception — but we need to make sure that every new technology ends up in the hands of the people that need it.

      Source: unwomen.org, un.org

      Learn more about Roseon Finance:

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