How to Invest in LuxFi – the Luxury Asset-Backed NFT Marketplace
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....
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Buying a Rolex watch or a Chanel bag with Bitcoins? It becomes possible with LuxFi. With the vision to bridge the gap between real-world luxury assets and digital assets (NFTs), LuxFi has announced the planned launch of its NFT marketplace. The introduction of LuxFi’s marketplace allows everyone to buy, sell and invest in luxury assets through NFTs, with the possibility of using cryptocurrency and traditional payment methods. The phygital world of luxury evolved into an integral part of human experience. With the recent worldwide impact of the COVID-19 pandemic and the increasing....
Farfetch is the most recent premium fashion brand to experiment with digital currencies. Later this year, the luxury apparel business will begin taking bitcoin payments on its marketplace. The cryptocurrency payment feature will be tested at luxury boutiques across the European Union before being extended out to the United States, Europe, and the United Kingdom. Cryptocurrency […]
Tangible, a unique NFT marketplace, launches on May 2, 2022. It converts real-world physical assets like fractionalized/tokenized real estate, gold, investment-grade wine, luxury watches and more into NFTs. Things get even more exciting here, as each NFT can be redeemed against a physical item. Yes, you read that right! The way Tangible works is users […]
Forget trying to trade a few hundred dollars or euros for bitcoins using a circuitous exchange process: Alan Silbert has a vision for helping well-off fans of the digital currency convert some of their wealth hundreds or thousands of bitcoins at a time. How? By creating BitPremier, the first-ever online "luxury marketplace" using bitcoins for transactions. Launched today, BitPremier offers exclusive listings -- a Trump SoHo Hotel condo, an ocean-view resort property in the Bahamas, a hand-signed LeRoy Neiman serigraph -- for sale, with the transactions handled in bitcoins rather than in....
Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold. What is a gold-backed cryptocurrency?A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency.Some cryptocurrencies are backed by gold in order to tie the derivative asset (crypto) to a tangible asset (gold), thereby preventing excessive fluctuations in price. Thus, gold-backed cryptocurrency is often....