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BoohooMAN enters the metaverse with first-ever NFTs launch

An NFT is a digital asset that belongs to the person who has it in their crypto wallet

BoohooMAN has entered the metaverse with its first NFTs(Image: BoohooMAN)

BoohooMAN is to enter the metaverse after launching its first-ever collection of non-fungible token (NFTs).

The brand, which is part of Manchester-headquartered Boohoo, has said it is the first of its kind to make the move and it is also giving one away for free.

An NFT is a digital asset that belongs to the person who has it in their crypto wallet.

READ MORE: Manchester City to recreate Etihad Stadium in the metaverse with global Sony deal

A record of value and ownership is stored on a blockchain ledger that anyone can view, but only the owner has permission to alter.

BoohooMAN's NFTs will be sent to the winners’ crypto wallet via OpenSea.

Chief executive Samir Kamani said: "Blockchain technology and NFTs are on the tip of everybody’s tongue and have been for quite some time.