News

Farfetch Aims To Bring Web3 To The World Of Fashion

What does Web3 offer to fashion? Farfetch CEO and founder José Neves is on a mission to blend the real world with the virtual.

Published

3 years ago

August 11, 2022

Nour Nasir

farfetch aims to bring web3 to the world of fashion

José Neves is no stranger to innovation. The Portuguese billionaire and owner of online luxury fashion platform Farfetch revolutionized eCommerce back in 2007, creating a business model that blended boutique shopping with online retail.

Today, Neves is using his innate knowledge of both haute couture and technology to explore how Web3 can enhance the world of fashion. Web3 describes the blockchain-integrated internet, where crypto and NFTs are built directly into platforms, creating a new online world owned by its users. On a recent Most Innovative Companies podcast, Neves explained his enthusiasm for Web3, explaining that “If Web1 was about ‘read’ and Web2 was about ‘read and write’, then Web3 is about ‘read, write, and own’.’’

Neves aims to take the Farfetch brand into the new Web3 environment using their Dream Assembly Base Camp accelerator program, which according to a press release back in July, will:

“Provide a cohort of the most promising Web3 startups in the luxury fashion and lifestyle sectors with a curated program of mentorship, networking, and support in order to help drive the future of Web3 luxury commerce.”

Also Read: Intro Platform Connects Users To Celebrity Experts

The 12-week program is a partnership with Outlier Ventures, which has backed startups since 2014. The platform will focus on “digital fashion, tokenized loyalty, immersive experiences, and the creator economy”, with participating startups having direct access to a network of investors and mentors.

Neves believes that with Web3, the potential is endless, with the application of principles of user control and decentralization being a perfect fit for fashion, where people’s styles often act as second personas, or even masks. The entrepreneur now hopes that emerging technology will increase interaction between creators and users, as Farfetch becomes actively involved in the Web3 luxury commerce space with its new accelerator program, yet again standing at the forefront of fashion, culture, and technology.

News

Space42 & Cobham Satcom Launch New Satellite Broadband Terminal

IP NEO has been engineered to provide uninterrupted, high-speed connectivity for sectors that rely on secure communication.

Published

21 hours ago

March 12, 2025

Nour Nasir

space42 and cobham satcom launch new satellite broadband terminal

UAE-based SpaceTech firm Space42, has teamed with Cobham Satcom, a global player in satellite communications, to introduce IP NEO — a next-generation satellite broadband terminal built for reliability and security.

Developed through a collaboration between Cobham Satcom and Space42’s satellite solutions division, Thuraya, IP NEO is engineered to provide uninterrupted, high-speed connectivity for sectors that rely on secure communication. Its design, optimized for compactness and durability, ensures seamless data transmission across Thuraya’s network, making it a valuable asset for government agencies, NGOs, corporations, and even individuals operating in remote areas where traditional technologies may fall short.

As the exclusive provider of Thuraya 4 terminals for Space42, Cobham Satcom has also played a crucial role in building the ground infrastructure for the upcoming Thuraya 4 satellite network. This strategic integration reinforces Cobham Satcom’s standing as a leading global provider of L-band connectivity solutions.

Ali Al Hashemi, CEO of Yahsat Space Services at Space42, emphasized the terminal’s strengths, stating: “IP NEO demonstrates our commitment to delivering secure, resilient, and future-ready satellite communication solutions. Built on robust L-band technology, the platform ensures reliable connectivity, even in the most challenging environments. Its compatibility with Thuraya 4 further strengthens its capabilities, enabling high-throughput speeds that meet the evolving demands of mission-critical operations”.

Designed to support critical applications such as internet access, video conferencing, surveillance, and VPN connectivity, IP NEO is built to withstand tough conditions, featuring water and dust resistance — ideal for use in extreme environments.

Also Read: Pure Electric Expands To UAE, Boosting Micro-Mobility Sector

Christophe Duret, CEO of Cobham Satcom, highlighted the impact of this innovation: “Along with Space42’s state-of-the-art Thuraya 4 satellite’s advanced capabilities, our new terminals for government and commercial end-users will provide the fastest standard L-band connectivity ever achieved, unlocking new opportunities for secure and resilient high-speed connectivity for demanding land and ocean environments”.

Part of Space42’s next-generation product lineup, IP NEO is designed for long-term adaptability and is fully compatible with the Thuraya 4 satellite. Once operational, Thuraya 4 will enable IP NEO to deliver speeds of up to 1024 kbps, along with simultaneous voice and data communication along with remote terminal access.

The official launch of IP NEO is set to take place at the 2025 SatShow (March 11-13, 2025), at the Walter E. Washington Convention Center in Washington, D.C.