Building on the success of gaming platform Mod4 introduced in 2020 by Panconesi’s fashion-tech company Avawear, the businessman is venturing into NFT wearables.
“It’s just the beginning of this adventure, it feels like being back to 20 years ago when Web1 was introduced,” he said. “The only difference is that it took 20 years to transition to Web2, while only two to three years were needed to reach this stage [Web3],” he said.
Wearable NFTs traded on the marketplace will be suitable for integration in the Mod4 platform to outfit the game’s avatars, but they should also be easily used in different metaverses in the future.
“The Web3 phenomenon has seen explosive growth over the past two years…and it was dominated by tech giants which made huge investments, but I expect the people to take over, rule Web3 and own their data,” Panconesi offered.
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