Creating Impact and Driving Innovation
We aim to empower all those in both the digital and traditional fashion worlds to use their activities in a sustainable way by leveraging the power of decentralisation, AI, co-creation and future technologies.
Business for Good
The Green Lane
We will provide funding and support to individuals, non-profits, charities, projects and businesses that are focused on developing industry relevant solutions that either;
Improve the processes and efficiencies of the traditional fashion industry chains
Create new applications for digital fashion, style and culture that lessen the consumer reliance on over production and consumption
Invest in projects that aim to repair the damage caused by the traditional fashion industry
The DAO Principle and the Fa$h Ecosystem
Traditional Foundations tend to be funded by philanthropists or large corporations with the decision making around how funds are allocated or distributed controlled by a small group or committee. The Decentralized Autonomous Organisation or DAO model can potentially give anyone, however small their stake, a role in the decision making process.
We see this as a new model of Business for Good. Enabling multiple stakeholders to have a say in the evolution of the Foundation and it’s funding recipients.
The Fa$h Coin is a crypto currency developed by BNV with the vision of creating interoperability across digital and physical fashion related platforms and businesses.
The Mission of The Foundation
Governed by the BNV DAO, the BNV Foundation will provide support to global fashion communities using the ecosystem and economy of the Fa$h coin by doing the following:
Engaging everyone with a stake or an interest in the fashion and apparel industry. From the supply chain, creative industries, retail and distribution, media and marketing and more. Encouraging them to utilise Fa$h as a means of engagement, incentivisation, reward, and as a method of commercial transaction for participants.
The Foundation’s position is not to dismiss or replace existing fashion businesses. Instead we offer new ways to monetise and engage with audiences both existing and in the future. We hope that over time we can help make real impact by offering practical ways for fashion businesses to evolve.
The Green Lane has been designed to provide funding to projects in businesses aiming to do good in apparel and fashion related projects. 10% of the Fa$h ecosystem fund will be initially allocated to such projects with an ongoing commitment to annually commit 10% of the Foundation treasury to The Green Lane.
The Foundation Treasury will be funded by a proportion of specific transactions involving Fa$h across the ecosystem being paid into the Treasury.
If you like a small tax that will be a continuous value capture that will enable the continued growth of the Foundation and the good it can achieve.
Projects that submit applications to the Green Lane will initially be assessed by a committee of experts from the fields of sustainability, ESG and the fashion and tech worlds before going to a DAO vote.
Any individual, project or business who holds Fa$h, or a BNV Visionary token, can submit proposals to the Foundation for potential funding. Using a snapshot and community appraisal approach all Fa$h holders will be able to vote on the suitability, execution and staged dispersal of funds in Fa$h.
The Foundation seeks to help the creation and promotion of technologies that will help make digital fashion more ubiquitous and physical fashion less damaging to the planet.
Fashion is just one element of culture and lifestyle. The Foundation will engage with other entities in compatible and supportive fields to leverage the value and impact of the Fa$h ecosystem.
The Foundation will actively help to promote and support those utilising the Fa$h coin whether through Foundation grants or open access through exchange purchases.
The BNV Creator Community
We are working to onboard as many individuals, small brands or content creators in the realms of fashion, culture, style and identity and wherever the intersection of those combine with sport, music, art, design and other creative spheres.
The first stage of this is to engage those parties with the BNV Creator Community. Phase one of immersion into the economy of Fa$h.
This enables people to offer their fashion and cultural creations for sale through the BNV Vending Machine which is configured for both real world currency payment and crypto. It also enables those digital creations to be utilised immediately within ME:ID and soon, ME:AI.