MIRL Joins Forces with Bybit to Launch New FashionFi NFT Metaverse

MIRL and Bybit cryptocurrency exchange has unveiled a fresh FashionFi NFT metaverse designed to enable creatives and designers all over the world to showcase their talents. The collaboration will enable Bybit to act as the presenting partner of The MIRL Project, a FashionFi NFT ecosystem.

Bybit, MIRL Unveil FashionFi NFT Metaverse 

Bybit, a cryptocurrency exchange established in 2018 with the focus of offering crypto traders an ultra-fast matching engine, excellent customer service, and multilingual community support, has forged alliances with MIRL, a decentralized autonomous organization (DAO) and incubator enabling creatives and designers all over the world.

The first-of-its-kind partnership between the MIRL fashion NFT metaverse and Bybit exchange seeks to encourage NFT innovations and support the FashionFi movement. 

Bybit will facilitate the coming-to-life of the MIRL Project at several upcoming momentous events across the globe including Art Dubai, which is scheduled to go live this March.

It’s no news that Bybit is one of the most innovative exchanges in the cryptoverse, offering users crypto mining, staking, yield farming services, and more. The exchange is the first amongst centralized exchanges to offer true yield and competitive APY on this upcoming NFT collaboration, backed by its trusted ByFi Center.

Igneus Terrenus, Head of Communications at Bybit said:

“Bybit is keen to support the FashionFi movement. MIRL is a great partner for us because we share similar values such as ethical products like slow fashion to unify sustainability with ethics as well as creating next level NFT and metaverse projects.”

“The MIRL Project aligns with Bybit’s interest and mission to be a supporter of meaningful NF projects that champion the dreamers and weavers of the metaverse,” he added. 

Exciting Benefits for MIRL NFT Holders 

The team has made it clear that MIRL NFT holders will enjoy exclusive access to 6.88 percent annual percentage yield (APY) on ether (ETH) via Flexible Staking for 30 days on Bybit, making the exchange the first among centralized crypto trading venues to introduce the NFT staking feature.

What’s more, Bybit says it has acquired 1,111 unique pieces out of the 8,888 NFTs on offer in the MIRL genesis collection launching on March 10, 2022. The team says the 1,111 NFTs were carefully curated and will be distributed to loyal users and VIP customers of the Bybit ecosystem. 

The Bybit-MIRL partnership is a formidable alliance, as both entities claim to be dedicated to fostering a safe environment for their ecosystems and conducting their business with the highest level of trust and ethics. 

The MIRL Project says it’s looking to help new-to-web3 creatives shine by giving them access to an international platform to showcase their work and it’s also a proponent of ‘slow fashion”  which points to a shared interest in sustainability.

Joanna Lim, founder of The MIRL Project said:

“We are thankful to Bybit for giving our NFT community exclusive privileges within their platform. The idea of NFTs enjoying staking pools on centralized exchanges has never been done before, and this shows Bybit’s commitment to the MIRL community and their out-of-the-box thinking in terms of providing value to our community.”

MIRL says it plans to organize a series of offline activations in the form of pop-up stores and fashion showcases across the world – from Singapore to New York this year and holders of MIRL NFTs, as well as a select group of Bybit VIPs, will have access to these events.

“We are looking forward to meeting the MIRL and Bybit community in real life, and have already started work on architecting these experiences,” said Leslie, design lead at The MIRL Project.