Metaverse opens the gateway for luxury NFTs to become a multi-billion market
Thanks to the Metaverse, luxury NFTs from premium brands can see their total value skyrocket, potentially reaching $56 billion by 2030. The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on this fast-moving train, investing in their new digital collectibles businesses. As more aspects of people's lives are....
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For many people the luxury market is out of reach. However, with LuxFi, that is no longer the case. The platform combines blockchain technology, NFTs, and a luxury goods market open to anyone, anywhere. LuxFi will mark a significant shift in the way luxury goods are traded, and how people acquire them.
LuxFi is at the center of this transformation in the market. The platform aims to create a transparent, open and data-driven marketplace where users can safely transact with each other. Let’s break down all the components of LuxFi.
Non-Fungible Tokens (NFTs)
At....
Crypto exchange Binance and luxury brand Vertu is celebrating luxury and innovation. In honor of the 22nd anniversary of Vertu Paris and the introduction of the next generation of smartphones, the luxury brand is forging a partnership with Binance to salute the ultimate integration of cryptocurrencies, Web 3.0, NFTs, and the new smartphone. As part […]
SINGAPORE, 11 May 2022 — Amber Group, the leading global digital asset platform, today announced its entry into the metaverse with the launch of Openverse, a Web3 enablement platform for creators, brands and businesses. A culmination of Amber Group’s multi-disciplinary expertise in digital architecture and blockchain-native infrastructure, Openverse serves as a gateway to the metaverse, […]
The metaverse is booming and so more players are entering into the space. This is the case with Victoria’s Secret, a luxury lingerie line that has dominated the market for the longest time. It has joined the long list of fashion brands that have been making a play in the space through NFTs. The brand […]
Mainstream designers are debuting NFT collections in the Metaverse this year, demonstrating the future of fashion. The rise of the Metaverse has resulted in an entirely new digital economy, one defined by virtual experiences and interactions. In turn, metaverse ecosystems consisting of avatars are also emerging, allowing individuals to express themselves through digital customizable 3D characters. This idea was recently broadcasted to the mainstream when Facebook’s parent company, Meta, introduced a series of inclusive avatars. While the Metaverse may sound futuristic, recent findings from....