Million-Dollar Dolce & Gabbana Digital Suit Fractionalized on Ethereum L2 Base—Here’s Why – Decrypt

Fermion Protocol, a real world asset or RWA application built on Ethereum layer-2 network Base, is launching its services by fractionalizing a Dolce & Gabbana digital suit that was purchased for $1 million.

The Glass Suit, part of the Italian fashion brand’s Collezione Genesi, was originally won in an auction by Boson Protocol in 2021. The auction was for both the physical suit—which took the fashion house eight months to create—along with a digital rendition tokenized as an Ethereum NFT. Boson founder Justin Banon is also behind Fermion. 

Now Banon and his new protocol, which is built in the Boson metasystem, will commence its focus on fractionalizing and tokenizing physical, real world assets, starting with a focus on luxury goods.

Fractionalization is the process of taking a digital asset and dividing it into numerous shares or shards, which can divide ownership among a larger group of collectors.

“With 2% of customers now driving 45% of luxury sales, there’s a clear need to rebuild broader connections with luxury audiences,” said Banon in a statement. “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 via a series of activations to “Fermion, Boson, and Web3 fashion communities,” Banon told Decrypt. The protocol will use a decentralized AI commerce agent, which will act as an instance of the suit, to complete the drop.

The physical Glass Suit is currently in the custody of Dolce & Gabbana at its Alta Moda atelier in Milan, Italy. 

Boson Protocol provides decentralized infrastructure for the tokenization of real-world assets. Its Ethereum-based token–BOSON–is down nearly 10% over the last week to $0.155, more than 97% below its 2021 all-time high of $5.36

Fermion Protocol is expected to launch its own token in Q3 2025, according to its website

Edited by Andrew Hayward