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DE Star Raises $700,000 in Seed Financing to Promote Decentralization in Fashion Industry

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It is reported that DE Star, a Web3 fashion start-up, announced the completion of $700000 seed round financing. The company mainly uses NFT, blockchain certifi…

DE Star Raises $700,000 in Seed Financing to Promote Decentralization in Fashion Industry

It is reported that DE Star, a Web3 fashion start-up, announced the completion of $700000 seed round financing. The company mainly uses NFT, blockchain certification and AIGC technology to promote the decentralization of fashion design, production, distribution and ownership. At present, it has launched a DAO composed of artists, designers, fashion lovers and brands. （Globe Newswire）

Web3 fashion start-up DE Star completed $700000 seed round financing

Interpretation of the news:


DE Star, a Web3 fashion start-up, announced on Wednesday that it had raised $700000 seed round financing. The company aims to leverage NFT, blockchain certification, and AGIC technology to promote decentralization in fashion design, production, distribution, and ownership. The funds will be used to bolster the company’s growth and expansion plans, as well as to further develop its ecosystem.

DE Star’s mission is to enable a more democratic fashion industry by empowering all stakeholders in the supply chain, from artists to designers and fashion lovers. By leveraging blockchain technology, the company is working towards creating a transparent and decentralized supply chain that allows for greater participation and ownership from all stakeholders. In particular, the use of NFTs is expected to be of great benefit to artists and designers in the fashion industry, who typically receive little recognition or compensation for their work.

DE Star has already launched a DAO (Decentralized Autonomous Organization) composed of artists, designers, fashion lovers, and brands. The DAO provides a platform for the community to participate in decision-making, drive innovation, and collectively own the company. Through the DAO, members can share in the profits of the company, participate in the development of new projects, and help shape the future of the fashion industry.

Overall, DE Star’s mission is ambitious and potentially transformative for the fashion industry. By leveraging cutting-edge Web3 technologies, the company aims to create a more equitable and participatory supply chain that benefits all stakeholders. Through the launch of its DAO, DE Star is taking important steps towards democratizing the fashion industry and promoting innovation and creativity in the process.

Keywords:
Web3: Refers to a decentralized web built on blockchain technology that enables greater participation and ownership from all stakeholders.
NFT: Non-fungible tokens that represent unique digital assets such as art, music, and collectibles.
Blockchain: A distributed ledger technology that enables greater transparency and security in financial and supply chain transactions.
Fashion: A multi-billion dollar industry that is ripe for disruption and transformation.
Decentralization: The process of distributing power and ownership to multiple actors in a supply chain, in order to promote greater participation and innovation.

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