Exploring Carbon — An Intuitive Marketplace for Fashion, Digital Fashion, NFTs, Music, and Art

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Exploring Carbon — An Intuitive Marketplace for Fashion, Digital Fashion, NFTs, Music, and Art

Jun 15 2021

In brief

  • Carbon is a Polkadot-based project that offers a unique ecosystem, where users can purchase digital and physical assets.
  • The project offers access to fashion, digital fashion, art, music, NFTs, and more.
  • Essentially, it is a very creative project for very creative people, who can offer interesting and unique assets to buyers.

Carbon is a unique new project that emerged due to the great demand for a marketplace offering digital assets like digital fashion, NFTs, art, music, and more.

Over the last few years, and especially in 2021, the world started to turn strongly towards digital goods. The interest in digital things, including art, music, fashion, collectibles, and more, is understandable, and it comes with a lot of clear benefits. Anything in its digital form is much easier to transport, store, manage, and secure. It is also much cheaper to do so than to do the same with physical things.

This has caused an entire trend in and out of the cryptocurrency industry. For example, those who follow crypto trends are likely aware that 2021 has grown to be known as the year of NFTs, or Non-Fungible Tokens. These are unique tokens that can represent digital or physical goods or even only fractions of them. They are a great way to claim ownership over anything and quickly and easily prove it.

Naturally, the entire sector started to develop and grow around NFTs, causing projects like Carbon to emerge.

What is Carbon?

Carbon is a project that doesn’t necessarily focus only on NFTs but acts as a new home of creative commerce. Its aim is to unite neobanking and fashion, digital fashion, music, art, and other things, including also NFTs.

Carbon offers a wallet that houses Visa services, direct debit, currency exchange, e-commerce, crypto, and more. All of it can be located right alongside users’ virtual wardrobes, NFT collections, digital art galleries, and alike. All of it is available in a single app, and, to put it quite simply, it is one of the projects that is expected to be the gateways into Web 3.0, with virtual reality and metaverse becoming available to regular users.

Carbon itself is quite an intuitive market for fashion, NFTs, and alike. Its app allows users to explore and collect both digital and physical assets, many of which come from world-class creators. It all involves a lot of creativity from a technological and artistic point of view — a creative system for creative designs and assets.

It also has a physical card with tangible rewards. Essentially, users can earn up to 3% cashback and gems whenever they make a purchase in the Carbon ecosystem, whether online or in physical stores. Carbon also offers users the opportunity to earn rewards through staking — a popular DeFi process that involves holding a cryptocurrency in a digital wallet and getting a steady, passive income for doing so. The reason is simple — by holding onto the coins, users support the functionality of a blockchain network and the blockchain project, creating demand and giving the token its value.

Carbon allows users to lock their GEMS into smart contracts over a fixed period of time, and in doing so, users get to earn more GEMS. Naturally, that makes GEMS Carbon’s native crypto token. They are not only good for HODLing, however. GEMS already have monetary value, meaning that they can be spent, or exchanged for other cryptocurrencies. The project itself is built on the Polkadot network, which is one of the highest-ranking projects in the broad crypto industry.