DUNK: A Decentralised and Transparent NFT Fashion Resale Platform
The luxury and sneaker secondhand market has grown rapidly in recent years due to the young generations’ hunger for unique and scarce fashion items. Sneaker’s secondhand market is expected to reach $6 billion in 2025 with shoppers’ surging interest in unearthing limited and sold-out sneakers. However, a short history of inspection systems on the resale platforms providing a low-quality authentication service has led to the emergence of counterfeit products traded by users.
DUNK is rooted in the first sneaker resale platform in Korea, Out of Stock (OOS). From the beginning, OOS understood the consumers’ needs for accurate inspection service for purchasing items at the value-added price. Since the launch of the service, shoppers on OOS have never traded fake sneakers. Such characteristics will be further extended on DUNK with blockchain technologies of Decentralized Exchange (DEX), and Non- fungible Token (NFT).
With the mission statement of “Fake Free, Easy Transaction For All” DUNK aims to create a decentralized and transparent resale platform for fans to share and enjoy secondhand exclusive items.
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