Space Runners

Summary

The convergence of co-creation and AI graphic generators is reshaping the global fashion industry. And fashion-tech platforms like Space Runners empower aspiring fashion designers by providing intuitive tools to enable them to seamlessly design, create and collaborate and grow in the fashion space. At Space Runners, the core team is committed to harnessing the potential of Artificial Intelligence to enhance creativity and foster meaningful collaborations. By embracing the synergy between AI and co-creation, they envision a future where fashion is not only a reflection of personal style but also a celebration of individuality and collective imagination.

History

Per McKinsey over the next three to five years, generative AI could contribute $150 billion to the apparel, fashion and luxury markets. Fashion designers can enrich product ideation by collaborating with AI agents that generate creative options from data. This convergence of co-creation and AI graphic generators is reshaping the global fashion industry. And fashion-tech platforms like Space Runners empower aspiring fashion designers by providing intuitive tools to enable them to seamlessly design, create and collaborate and grow in the fashion space.

At Space Runners, the core team is committed to harnessing the potential of Artificial Intelligence to enhance creativity and foster meaningful collaborations. By embracing the synergy between AI and co-creation, they envision a future where fashion is not only a reflection of personal style but also a celebration of individuality and collective imagination. Space Runners was in the news when it raised $10 million in a seed funding round co-led by Pantera Capital and Polychain Capital. The fashion-tech platform will work with artists and brands to create items for gaming. In some cases these NFTs can be redeemed for real-life access to events or meet-and-greets with celebrities and athletes. “Our goal is to build the first end-to-end Fashion ecosystem on the blockchain with the newly secured financing” Space Runners co-founder Won Soh explained in in a statement.

In its first collection with former NBA Champions Kyle Kumza and Nick Young, Space Runners launched NBA Champions Sneaker Collection which reportedly sold 10,000 NFTs in nine minutes. Space Runners now has over 500, 000 members across Discord, Instagram and Twitter. “Pantera is proud to support Space Runner’s vision to pave a new way to interact with fashion on the blockchain” said Paul Veradittakit- a partner at Pantera Capital. “Digital identity and self-expression will be a key component in the metaverse…Fashion will be just as, if not more, important in the Metaverse than the real world.”

With its new seed funding round Space Runners wants to extend its brand to be the largest supplier of “interoperable fashion items for different metaverses and games” according to a statement from the company. Apart from this financing round, investors have contributed around $30 million to Space Runners till date. And according to the company’s official roadmap Space Runners also plans to launch its own blockchain which will then be represented by its native SPACE token.

In recent news luxury fashion brand Balmain teamed up with Space Runners to drop five limited-edition colorways of Unicorn Sneaker- all paired with an NFT with prices ranging from $1595 to $2095. Users received a link to redeem their Unicorn NFT after making a purchase and all NFTs offered a variety of features including the ability to be worn in the fashion metaverse gaming universe created by Space Runners. Unicorn Sneaker NFTs also gives users exclusive access to Balmain releases, digital wearables and limited-edition physical apparel. Space Runners CEO explained in a release: “We are thrilled Balmain entrusted us to not only do justice to one of fashion’s most identifiable designs- the Unicorn- but also take consumers on a journey inspired by the tremendous legacy of Balmain.”

Vision

By embracing the synergy between Artificial Intelligence and co-creation, the core team of Space Runners envisions a future where fashion is not only a reflection of personal style but also a celebration of individuality and collective imagination. The fashion tech platform envisions a future where the global fashion industry is transformed through the convergence of co-creation and AI graphic generators, and aims to empower aspiring fashion designers by offering intuitive tools that facilitate seamless design, creation and collaboration.

Mission Statement

By encouraging the convergence of co-creation and AI graphic generators, fashion-tech platform Space Runners is reshaping the global fashion industry.

Leadership Team

Deniz Ozgur (CEO)
Won Soh (CEO)
Mijoo Kim (Creative Director)
Josh (Head Of Operations)
Michael (Head Of Partnerships)
Una (Head Of Marketing)

Products and Services

The fashion industry has faced limitations in terms of scalability and providing fashion designers with opportunities for collaborations. However the emergence of generative AI is breaking down these barriers and fashion tech platforms like Space Runners are offering fashion brands the potential to scale up, connect with their communities and also empowers individuals to create their own unique designs using AI technology.

References

• Official website Space Runners
• Polychain, Pantera Lead $10M Investment in Metaverse Fashion House Decrypt
• LinkedIn profile of Space Runners LinkedIn
• Space Runners raises $10 million to build a blockchain-backed fashion metaverse The Block
• Instagram profile of Space Runners Instagram
• Space Runners Raises $10m to Develop Fashion Metaverse Yahoo! Finance
• Twitter profile of Space Runners Twitter
• Balmain and Space Runners Launches Unicorn Sneaker NFTs Crypto Times
• Profile of CEO LinkedIn
• Balmain X Space Runners Vogue Business
• Collaborative Fashion Innovation Medium
• Pantera and Polychain Lead $10M Bet on Metaverse Fashionistas CoinDesk
• Space Runners Announce “NBA Champions” Sneaker NFTs HypeBeast
• How Entrepreneurs Can Innovate And Stay Ahead Of The Curve Forbes
• Space Runners and Smiley Present Game-Changing NFT Partnership Hype
• Space Runners Raises $10M with Polychain, Pantera, Jump Crypto and Accel Business Insider
• Snapshot of Space Runners Craft.co