Business News Report

Luxury Fashion Platform SYKY Launches Its Digital Fashion Incubator

In Brief

SYKY is proud to announce the opening of its digital fashion incubator, dubbed the SYKY Collective.

Digital designers are invited to submit their applications until May 2.

The luxury fashion platform SYKY has introduced the SYKY Collective, aiming to support emerging talent in digitized fashion.

SYKY was founded Alice Delahunt, a prominent figure who has held pivotal roles at Ralph Lauren and Burberry, leads this ambitious venture.

Launching in early 2023, SYKY showcased its inaugural NFT collection of 987 unique tokens in January, garnering significant attention. received The startup successfully raised $9 million from Alex Ohanian's venture fund, Seven Seven Six, alongside notable investments from Brevan Howard Digital, First Light Capital Group, and Leadout Capital.

With this newfound support, SYKY is gearing up to kick off its inaugural group known as the 'SYKY Collective.' Alice Delahunt envisions today's digital creators as the luxury innovators of tomorrow, aiming to recruit ten standout digital designers to shake up the market.

Members of the SYKY Collective will enjoy a plethora of advantages. They will get a platform to present their collections, engage with industry insights, enhance their abilities, and receive guidance from seasoned professionals in fashion and technology. Noteworthy mentors include Jonathan Bottomley, CMO of Calvin Klein, Mark Guiducci from Vogue, and Matthew Ball.

Moreover, SYKY plans to showcase the works of selected designers directly on its platform, offering them increased exposure. There's also an exciting opportunity for these talents to collaborate with established web3 brands and fashion houses.

Interested digital designers can apply Applications for the SYKY Collective are open until May 2 at 11:59 PM ET. The selection process consists of three stages, with candidates progressing to the second round being notified in early May. It's important to note that SYKY will acquire a 5% equity stake in each successful applicant's business.

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