Extensively talked about for over a year now, Ethereum is preparing to transition into the proof-of-stake model that is reportedly less energy-intensive. Ethereum, the most popular blockchain, is expected to complete the merge in Q2 of this year. Like physical garments, NFTs have a sustainability impact, so this change has big implications for the fashion industry.
Industry analysts have said the growing demand for sustainable brands means fast fashion’s business model soon won't be viable. Fast fashion companies that have seen sales declines -- like H&M and Boohoo, the latter of which hit a...