Web3 fashion startup mmERCH bags a whopping 6.4M in seed funding, led by Liberty City Ventures. Founder Colby Mugrabi promises "neo-couture" collections, melding AI and blockchain for unique fashion pieces. Debut in April.
Launched late 2023 by visionary Colby Mugrabi, mmERCH is stirring the fashion pot with a hefty 6.4M seed round led by Liberty City Ventures. This Web3 fashion start-up isn't just about creating clothes; it's about redefining what fashion can be with a dash of blockchain and a sprinkle of AI. Imagine clothing that's not just worn but experienced, thanks to the magic of "generative design." April's set to dazzle with mmERCH's first collection, promising unique pieces that are as much about self-expression as they are about style.
The backing roster reads like a who's who of tech and fashion luminaries, including Web3 savvies like Charles Cascarilla and Mike Jacobellis, fashion icons Karlie Kloss and Tory Burch, and more. It's clear mmERCH isn't playing in the minor leagues. With such high-caliber support, mmERCH's bet on blending traditional couture with cutting-edge tech seems more like a sure win.
What does 6.4M buy you in the world of fashion? According to Mugrabi, it's the ability to craft "one-of-a-kind products with evolving digital and physical utility." We're talking about clothing that comes with its digital twin on the blockchain, proving its authenticity and scarcity. If fashion is about making a statement, mmERCH's upcoming collection is set to be a loud and clear declaration of the future.
Liberty City Ventures and co. aren't just funding a fashion brand; they're investing in a vision that challenges the very fabric of the industry. By marrying AI and blockchain with fashion, mmERCH aims to redefine creativity, individuality, and community in the digital age. If successful, mmERCH won't just change how we dress; it'll change how we connect with what we wear.
Will mmERCH redefine high fashion?
Each week we select most important sector news and statistic
so that you can be up to speed