Fractional Garment Ownership (FGO) is part of DIGITALAX’s Digital Fashion Operating System in order to enable seamless digital-physical supply management, licensing, interoperable digital wearable and identity across different gaming and VR environments.
How it Works On-Chain?
Every ERC-721 garment on the platform is a master token, where ERC-1155 ‘Child’ NFTs, of different materials, patterns, textures, are combined and attached/linked to a master token. Here, we are following the ERC-998 standards.
Artists create different patterns, textures, materials. These are issued as ERC-1155 NFTs on the DIGITALAX platform under the artists wallet address and creative title. These are the Child NFTs.
These Child NFTs of patterns, materials, textures are attached with the DIGITALAX open platform license for use within the platform and also maintain a standard royalty fee if they are incorporated into and sold off as master garments.
These Child NFTs are sorted by the DIGITALAX metadata standards into a material, texture and pattern library database that is recorded on-chain for component-by-component tracking.
Under the DIGITALAX Open platform license the Global Designer Network can use the different patterns, materials, textures in the libraries and incorporate these into their master garment designs, issued as ERC-721 NFTs.
All original contributors to the digital fashion item can have their IP authenticated and effectively traced across the entire journey through the digital fashion supply chain — down to a composable and programmable level.
The ‘Child’ NFTs make up the DIGITALAX digital material, pattern libraries that serve future use cases of establishing highly efficient and streamlined decentralized digital fashion marketplaces for gaming and VR applications and Open Source Digital Fashion Innovation.
All Child NFTs are logged and audited into DIGITALAX’s digital material, pattern, texture libraries— where each Child NFT is classified by a Periodic Table of Digital Fashion Elements (PTDFE). The unique code identifiers for each class of Child NFT is referenced in the NFTs on-chain metadata. The full dataset of this library is stored in IPFS.
Child NFTs are "accessed" through burning the master ERC-721 NFT, allowing the owner to individually unlock each of the linked ERC-1155 tokens.