Luxury Meets Blockchain: Fermion Protocol Fractionalizes Dolce & Gabbana Glass Suit

Fermion Protocol, a real-world asset (RWA) application built on Ethereum layer-2 network Base, is making headlines with its innovative approach to fractionalizing luxury goods. The protocol has launched its services by dividing a Dolce & Gabbana digital suit, originally purchased for $1 million, into numerous shares or shards, allowing a larger group of collectors to own a piece of the high-end fashion item.

The Glass Suit, part of Dolce & Gabbana's Collezione Genesi, was initially auctioned off by Boson Protocol in 2021. The auction included both the physical suit and a digital rendition tokenized as an Ethereum NFT. Boson founder Justin Banon, who is also behind Fermion Protocol, is now focusing on fractionalizing and tokenizing physical, real-world assets, starting with luxury goods.

Fractionalization enables a digital asset to be divided into smaller parts, allowing for broader ownership and accessibility. According to Banon, "With 2% of customers now driving 45% of luxury sales, there's a clear need to rebuild broader connections with luxury audiences. As luxury consumers report a declining feeling of exclusivity, fractionalization presents a new model for those seeking elevated luxury consumption while offering instant verification of the provenance of vintage pieces by checking their digital credentials on decentralized networks."

To celebrate the launch, Fermion Protocol is airdropping fragments of the Glass Suit to various Web3 fashion communities. The protocol will use a decentralized AI commerce agent to complete the drop. The physical Glass Suit remains in the custody of Dolce & Gabbana at its Alta Moda atelier in Milan, Italy.

Fermion Protocol is expected to launch its own token in Q3 2025, according to its website. The protocol's 2025 roadmap also includes plans for a mainnet launch, multi-chain expansion, and partnerships with global luxury brands.