Fabriq Labs partners with the Fashion Institute of Technology to launch the NFT Design Competition

Partnership supports FIT Entrepreneurship Program’s first Web3/NFT course-winning NFT design will be selected May 5, 2023

New York, New York–(Newsfile Corp. – April 11, 2023) – Fabriq Labs, a US-based Web3 company, is sponsoring a groundbreaking university-wide Web3/NFT competition at the Fashion Institute of Technology (FIT) in New York City . The NFT Design Competition tasks students with developing an NFT project that demonstrates both their design talents and an understanding of the core principles of Web3. The competition runs through May 5, 2023, with judging by a panel of Web3 industry experts. Three winners will be selected to receive cash prizes based on the quality of their design and the viability of their project plan. This collaboration offers a unique, experiential learning opportunity for FIT students.

Sam Whitaker, the founder of Fabriq Labs, chose to partner with FIT while supporting the university’s first Web3/NFT course with William Reinisch, associate professor, assistant professor, entrepreneurship, and Renee Leibler, assistant professor, entrepreneurship. Professors Reinisch and Leibler teach Web3 and NFT courses and will act as mentors for students in the competition.

“We hope to demonstrate our core values ​​of education and philanthropy to the FIT students through this process,” said Whitaker, who will speak at the NFT.NYC conference this week. “Fabriq’s mission is to help realize the potential of Web3 and NFT to positively impact society.”

Fabriq will offer students the opportunity to showcase one NFT from each of their collections in the first Fabriq NFT Charity Auction following the competition. Proceeds from the auction will be donated directly to a collection of exceptional national charities including: St Jude Children’s Research Hospital (TN), Esperanza and Gene Spotlight (PA), and Love Never Fails (CA). Participating students will have the opportunity to select multiple charitable recipients for the event.

All FIT students will then be invited to launch their NFT projects under the Fabriq brand in a first-of-its-kind exhibition.

“We would like to thank Professors Reinisch and Leibler along with the entire FIT administration for their energy, commitment and foresight in bringing groundbreaking opportunities like this to their student body,” said Whitaker, “NFTs were born in the arts and these students are some of the most talented emerging artists in the world. It’s an honor to help launch their Web3 journey and all the amazing opportunities that come with it.”

Fabriq Labs invites members of the press and Web3 community interested in participating or learning more about the contest and the Fabriq NFT Charity Auction to contact Sam Whitaker directly – [email protected] or via Twitter – @FabriqLabs. All inquiries about FIT should contact Ivana Cepeda, Media Relations Specialist – [email protected].

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