Feb 28, 2022
MIRL and Bybit Combine Forces to Push Forth FashionFi
This is the first time a fashion non-fungible token (NFT) project and an exchange platform collaborate on this scale to encourage next level NFT innovations and support the FashionFi movement
The MIRL Project has announced a partnership with one of the fastest growing cryptocurrency exchanges in the world, Bybit. This is the first time a fashion non-fungible token (NFT) project and an exchange platform are coming together to collaborate on this scale.
Through this joint step with MIRL into the metaverse, Bybit will take on the role as the presenting partner of the MIRL project, and seeks to encourage NFT innovation and the FashionFi movement by facilitating the coming-to-life of the MIRL Project at several upcoming momentous events such as Art Dubai happening in March 2022.
A Step Into the Bybit Ecosystem
This collaboration also enables MIRL to gain exposure to over 6 million Bybit users as well as leverage the capabilities of Bybit to provide credible, robust and dynamic utility to the MIRL ecosystem.
The exchange is the first amongst centralized exchanges in the crypto market to offer true yield and competitive APY on this upcoming NFT collaboration, backed by Bybit’s trusted ByFi Center.
“Bybit is keen to support the FashionFi movement,” said Igneus Terrenus, Head of Communications at Bybit. “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.”
MIRL NFT holders will get exclusive access to 6.88% APY on Ether (ETH) via Flexible Staking for 30 days on Bybit. While NFTs in general have enjoyed several utilities within their ecosystem, a staking privilege of this type is the first among centralized exchanges.
Bybit has also acquired 1,111 out of the collection of 8,888 NFTs in the MIRL genesis collection launching on March 10, 2022. These 1,111 NFTs were carefully curated and will be distributed to esteemed individuals and VIPs of the Bybit ecosystem.
“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,” said Joanna Lim, founder of The MIRL Project.
Aligned values from Day One
There is more in common between MIRL and Bybit than meets the eye. MIRL is looking to help new- to-web3 creatives shine by giving them access to an international platform to host their work.
Bybit is dedicated to helping the crypto-curious confidently and safely explore the rapidly evolving and complex crypto universe.
Both entities are dedicated to fostering a safe environment for their ecosystems and conducting their business with the highest level of trust and ethics.
The MIRL Project is also a proponent of “slow fashion”, which points to a shared interest in sustainability.
Shared Experiences in the World of MIRL
MIRL will organize a series of offline activations in the form of pop-up stores and fashion showcases across the world — from Singapore to New York in 2022, where MIRL holders and selected Bybit VIPs will enjoy equal privileges to attend these events.
“We are looking forward to meeting the MIRL x Bybit community in real life, and have already started work on architecting these experiences,” said Leslie, design lead of The MIRL Project.
“The MIRL Project aligns with Bybit’s interest and mission to be a supporter of meaningful NFT projects that champion the dreamers and weavers of the metaverse,” said Terrenus.
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About MIRL
MIRL is a dao and incubator enabling creatives and designers all over the world. Since its inception, over 300 aspiring designers have joined the DAO. MIRL will be launching its genesis NFT series on 10 March and its native token, $MIRL subsequently. All NFT holders will enjoy a fashion wearable designed in-house. MIRL is founded by designers and strategists who have worked with H&M, SHEIN, Yahoo, Google and Nike. MIRL is also in partnership with top players such as Mintable, CRC Capital, Solanium, Hotdao, MH Ventures, Moonedge, Dexlabs, Vistalabs, Magnet Ventures and more.
