Why the $1.7 Trillion Fashion Industry Is Going Digital
The co-founder and managing director for FirstLight, Megan Kaspar is renowned as a champion of digital fashion. In October 2021, she became the first person to wear NFT clothing while giving a video interview and was featured in Haute Living’s Miami issue wearing a digital outfit by luxury fashion designer Fendi.
Kaspar took an early interest in crypto, investing in Bitcoin in 2011. She is now a founding member of the fashion-centered Red DAO, a group that purchased one of the most expensive fashion NFTs of all time, The Doge Crown by Dolce & Gabbana (423.5 ETH). A staunch advocate of the environmental and social benefits of NFT wearables, Kaspar was recently honored in nft now’s NFT100.
In this episode of the nft now podcast, we cover Kaspar’s journey into crypto and Web3 fashion, how Web3 could disrupt the fashion industry, what she looks for in Web3 companies when she invests, the most-exciting use cases for digital fashion, the background on the historic interview where she wore NFTs, and much more.