OUR VISION

Products in the future will all have NFT twins, especially for luxury goods, as brands and retailers will soon be moving in metaverse, not just for marketing, but also to construct new revenue models grounded in Web3, in the same way as many businesses have continued to move from offline to online in the past 15 years.

LuxFi is the World’s First Asset-Backed NFT Marketplace for Luxury Assets. People can buy, sell and invest in luxury assets using cryptocurrencies on our platform, as well as using traditional payment methods. We focus on luxury assets that hold value well and have a high resale value.

We leverage our big data intelligence system and unique algorithm for automated data collecting and data processing. We eliminate counterfeiting while minting an NFT on our multi-chain blockchain network and provide accurate NFT pricing that is backed by real-world data.

ROAD MAP

2019
Data Intelligence System for Pricing and Market Trends
Crawlers for 685+ Data Sources across 28 Countries
2020
Business Intelligence Portal
Public Blockchain Base Layer Integration
Blockchain Layer 2 Development & IPFS Intergration
Blockchain-backed Product Fingerprint
2021 Q1
Tokenization (NFT minting) Portal for Brands/Retailers
DeFi Saving & Lending
2021 Q2
Marketing & Community
Token Sales_Private Round
Patnerships & Business Development
2021 Q3
Token Sales_Private Round
Marketing & Community
Partnerships & Business Development
Oracle Integration
2021 Q4
IDO
Partnerships & Business Development
MultiChain Technology
NFT Marketplace Beta
2022 Q1
Luxury watches added
Minting NFT on Ethereum (ERC-1155) Dual token payment checkout added
2022 Q2
Sneakers added
NFT Marketplace Public Beta released Minting NFTs on BNB Chain (BEP-1155)
Listed on another CEX
$LXF (ERC-20) staking
Listed on Pancakeswap
Traditional payments added
$LXF (BEP-20) staking
Consignment shop NFT sales
2022 Q3
Collectibles added
Minting NFTs on Polygon (ERC-1155) NFT Marketplace V1 released
$LXF rewards for purchases
Locking Uniswap LP
Locking Pancakeswap LP
Pop-up stores in metaverse
Asset-backed NFT auction in metaverse
2022 Q4
Liquors added
Minting NFTs on Solana chain
Tokenization portal for individuals
Listed on another CEX
$LXF (ERC-20) staking rewards refilled
$LXF (BEP-20) staking rewards refilled
Asset-backed NFT collateralized loans
2023
Art added
Diamonds added
Listed on more CEXs
NFT Marketplace V2
NFT gifts for Web3 platforms
Flagship store in metaverse launched
$LXF buyback-and-burn
  • 2019
    • Data Intelligence System for Pricing and Market Trends
    • Crawlers for 685+ Data Sources across 28 Countries
  • 2020
    • Business Intelligence Portal
    • Public Blockchain Base Layer Integration
    • Blockchain Layer 2 Development & IPFS Intergration
    • Blockchain-backed Product Fingerprint
  • 2021 Q1
    • Tokenization (NFT minting) Portal for Brands/Retailers
    • DeFi Saving & Lending
  • 2021 Q2
    • Marketing & Community
    • Token Sales_Private Round
    • Patnerships & Business Development
  • 2021 Q3
    • Token Sales_Private Round
    • Marketing & Community
    • Partnerships & Business Development
    • Oracle Integration
  • 2021 Q4
    • IDO
    • Partnerships & Business Development
    • MultiChain Technology
    • NFT Marketplace Beta
  • 2022 Q1
    • Luxury watches added
    • Minting NFT on Ethereum (ERC-1155) Dual token payment checkout added
  • 2022 Q2
    • Sneakers added
    • NFT Marketplace Public Beta released Minting NFTs on BNB Chain (BEP-1155)
    • Listed on another CEX
    • $LXF (ERC-20) staking
    • Listed on Pancakeswap
    • Traditional payments added
    • $LXF (BEP-20) staking
    • Consignment shop NFT sales
  • 2022 Q3
    • Collectibles added
    • Minting NFTs on Polygon (ERC-1155) NFT Marketplace V1 released
    • $LXF rewards for purchases
    • Locking Uniswap LP
    • Locking Pancakeswap LP
    • Pop-up stores in metaverse
    • Asset-backed NFT auction in metaverse
  • 2022 Q4
    • Liquors added
    • Minting NFTs on Solana chain
    • Tokenization portal for individuals
    • Listed on another CEX
    • $LXF (ERC-20) staking rewards refilled
    • $LXF (BEP-20) staking rewards refilled
    • Asset-backed NFT collateralized loans
  • 2023
    • Art added
    • Diamonds added
    • Listed on more CEXs
    • NFT Marketplace V2
    • NFT gifts for Web3 platforms
    • Flagship store in metaverse launched
    • $LXF buyback-and-burn

NEWS

Gucci to Begin Accepting Crypto as Payment In-Store

It’s an exciting day when a major luxury brand announces that it will begin accepting cryptocurrencies at its flagship stores. That is precisely what has the fashion world talking this week, as Gucci has taken a major step forward as they embark upon a new journey for their customers and store staff.

Gucci will begin with 5 stores in the United States; its Wooster Street store in New York; its Rodeo Drive store in Los Angeles; its Design District location in Miami; its Phipps Plaza location in Atlanta; and at the Shops at Crystals in Las Vegas. The pilot will extend later in the summer to all North American locations.

The stores will accept 10 major cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu, Dogecoin, and five major stablecoins pegged to the US dollar.

To prepare staff, Gucci parent company Kering has created an in-house game with the help of creative agency Al Dente, in order to educate employees on web3, as a response to customers who are NFT collectors expecting special perks, rewards, airdrops and more from Gucci.

Gucci has been an early adopter of web3 technology, as evidenced most recently in their exclusive NFT collaborations. Gucci’s Discord server, Gucci Vault, just announced that two of its major NFT projects — SuperGucci and Gucci Grail — will be entitled to special pre-order rights for upcoming Gucci collections.

 — @10KTFshop

Gucci joins a list of other luxury brands building a strong presence in the metaverse and web3; in March of this year, Off-White publicized their intention to accept payment for purchases in crypto in their London, Paris and Milan stores; similarly, Phillip Plein has already begun accepting crypto payment and has an NFT gallery connected to corresponding digital wearables in the metaverse space known as Decentraland. Gucci is also developing land in Decentraland, and was the first luxury brand to release an NFT collection.

 — @gucci

The move by Gucci, and more recently by Phillip Plein and Off-White, represents a major milestone in the adoption of blockchain-derived technological advances, and such decisions only work to strengthen and enhance the work of companies such as LuxFi in our efforts to bring equitable payment systems to the luxury goods market. Payments on LuxFi NFT Marketplace can be made entirely in crypto. Learn more www.nft.luxfi.io.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.comBlog: https://blog.luxfi.io/

2022-05-25 14:00:10

Physical Asset NFT Marketplaces — At the intersection of global trade & commerce.

Physical, asset backed NFT are a crucial development within the crypto-sphere which is now spawning new marketplaces for every type of trade and investment opportunity imaginable.

As the use-cases increase for NFTs, the need to trade in physical assets remains consistent, as physical assets are still required to live. Property is being redefined with the rapid increase in crypto-adoption as we are at a crossroads as high-value items are being created and circulated in fraudulent manners, leading to a mergence of NFT technology with such goods.

These physical items have historically been listed on marketplaces that require a login or signup to initiate any trading; this is also true of NFT marketplaces contained physical items, and today we are seeing an emergence of platforms catering to this dual-purpose trading sphere — allowing both the physical item and the matching NFT twin to be bought and sold in tandem. This is revolutionary, as not only do these NFTs have an authenticate, physical, real-world placemarker (the actual item itself) but the NFT also allows its owner(s) to benefit from their ownership in novel ways.

The idea of ownership is a crucial idea to understand, as it is changing now with the property rights to digital products being interconnected with the social, cultural and governmental values present in each sphere of relevance. Examples include LuxFi NFT Marketplace, with asset-backed NFTs minted on decentralized blockchains such as Ethereum, allowing owners to hold their goods in secure custody and to use their NFT investments as collateral.

The “original owner” of an NFT is an important idea here too, because these items are minted once and forever, emblazoning themselves into existence with no copycatting possible, a fact that has far-reaching implications for many industries.

Owning an NFT means you are part of the club, a verified member of a project, as membership is established and carried on by owning certain NFTs in your wallet. This means the marketplace for certain categories of NFTs are becoming extremely popular (art, gaming, designs, etc), thus creating an effect that is tribal and community-focused, giving power to creators and owners alike, and allowing new mechanisms of support and patronage to grow organically within the boundaries of a user-friendly digital marketplace.

We are only at the beginning of what will surely become a new marker in global trade, as physical and digital property rights evolve and people research, compare and trade these goods in new ways and on new platforms built for those audiences. Further development of NFT usages will surely see physical products intertwined with the digitalization of shopping and retail experiences, and as global certifications and licensing begin to progress in adopting blockchain technologies (smart contracts), there will be a plethora of user-friendly platforms that offer open market trading in whatever goods or services one desires.

Learning how these new technologies work is crucial, and activities like testing new marketplaces, shifting funds to new wallets, seeking out better rewards, and finding communities you identify with — these will be the actions necessary to participate.

With a good amount of focus and concerted effort, anyone can learn and engage in this web3 revolution and obtain the physical and digital goods they want and need.

Discover new ways to trade, a variable e-commerce experience containing physical and digital goods traded instantly, securely, and with no barriers.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-05-23 14:03:17

What Luxury Brands Need to Know About the NFT Market

The NFT market is a versatile and dynamic space in 2022. Having seen a plethora of various waves of trading in the last few years, we are now experiencing fresh new flows of NFT collections gaining traction, with a series of major brands taking part.

As luxury brands continue to test the waters and invest in their own variation of NFT drops and reveals, we continue to find that the major arenas of exchange — the marketplaces themselves — are the key to building a following and creating hype around projects, as that is where the majority of users migrate regardless of who or what collection is being minted.

The decentralized marketplace is the free space where collectives can thrive, and the marketplace is where brands will continue to put their attention going forward. Designer collections from Gucci, Lacoste, Fendi have all taken off and it is the prime season to build and release a name brand designer NFT — first study the winners, watch the volume, take note of the hype, and continue to develop a strong whitelist.

What do luxury brands need to know about the NFT market then if they wish to succeed?

The formula for winning is clear and it takes hustle and developing powerful, artful NFTs that contain utility. The LuxFi approach, having proven itself to be a changemaker in the space, is to offer real-world utility and allow users to do as they wish with their property. As NFT technology continues to develop and become more accessible to the masses, there will undoubtedly be manifold opportunities for name brand products to seamlessly add their work to the historical record of first-movers.

The market for NFTs is active and growing, albeit still coupled to the greater crypto environment, there will be a reckoning soon which will make it clear that luxury brand presence in the metaverse is non negotiable.

The market does not lie, and neither do verified authentic designer brand products. To take part in the NFT market, companies must utilize marketplaces like LuxFi and take an active role in the sales and minting processes, rewarding their clientele thoroughly. This is how major brands should approach the NFT market if they wish to succeed.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Stay Tuned On Our Social Media Channels

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.comBlog: https://blog.luxfi.io/

2022-07-01 14:06:54

Investing in the Metaverse is now easier than ever.

The Metaverse is expected to be an interactive, immersive, highly engaging experience where people interact virtually and where all orders of life can be emulated in 3D and are interoperable between different Web2 and Web3 protocols.

The Metaverse is built around the vision of what decentralized blockchain networks are capable of crafting for the world. Many believe that by holding the basic building blocks of Web3 — namely fungible and non-fungible tokens (NFTs) — is the prime way to invest.

While NFTs are a key method for owning a verifiable piece of the Metaverse, there also exist other ways one can speculate in the Metaverse.

NFTs may represent real world items, and offer a new form of ownership based on cryptographic, distributed consensus algorithms which empower individuals and ultimately form a pure free market to trade within.

One way to start investing in the Metaverse is by prospecting with virtual land in Dapps such as Decentraland. The virtual property has some lucrative opportunities available and continues to expand, having collected the attention of major names and brands. Decentraland played host to the Metaverse Fashion Week, and buying a plot could see major valuations in the future, as plot owners develop digital real estate and digital spaces on top. The Sandbox is another important Metaverse project, and crypto gaming and PFP NFTs (avatar assets) are at the forefront.

Investing in public companies that are invited in the Metaverse is another option. Businesses which are actively engaged in building Web3 products and attendant services are a great start. Meta (formerly Facebook) is crafting their vision for the social blockchain network of the future, and companies like Microstrategy are purchasing Bitcoin and holding MSTR stock gives investors indirect exposure to the crypto market.

 — @Meta

A collection or “bucket” of managed, tradable assets, known as an index fund, is another option as funds such as Ball Multicoin Bitwise Metaverse Index now offer investors a chance to own a curated, diversified collection of some of the most important crypto assets which are tied directly to the next generation internet (i.e. the top Web3 projects and protocols).

As always, we encourage you to visit Luxfi.io and learn more about our project. The opportunities to invest in the metaverse are just beginning to present themselves and it is clear that Web3 marketplaces as LuxFi can and will succeed in changing the way we buy, sell and invest in luxury assets using blockchain-backed assets.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-20 14:00:37

The Missing Piece: How Blockchain Marketplaces are Redefining E-Commerce in Web3

For anyone paying attention this year, it is apparent that Web3 promises a new way to interact online, a way to manage one’s own content, giving power back to the people through decentralized means of transacting and offering fresh new forms of ownership. An NFT is property. Bitcoin is an asset. These are relatively new terms, however the ideas behind them are monumental in helping to understand where blockchain can take us as a connected planet.

Engaging with cryptographically secure public blockchain networks is revolutionizing the way trade happens and fundamentally changing the way individuals work and reward others for their time, effort and attention. The key here is the encouragement of constructive behaviors and crypto has had a mass effect on how individual and collective motivation occurs, on a global scale.

Anyone with a smartphone and internet access can now own digital property, and that fact alone has been enough to usher in a swell of activity related to crypto in populations in every hemisphere and territory today.

With the advent of new web3 marketplaces such as LuxFi, consumers are now empowered to use their resources to purchase luxury goods for future investment. Borrowing against one’s physical assets is now possible, and digital NFT “twins” allow users to wager and trade in fully automated, autonomous markets online with full control over their property and their profits.

Entry into crypto can happen in many ways and can depend greatly on the timing of the greater cryptocurrency market.

New projects in NFTs are becoming the gateway for entrants, and a forthcoming decoupling of the NFT market from Bitcoin-dominance is perhaps already in progress. From whitelists to floor-prices, the NFT collections of 2022 are making history even as the larger financial landscape awaits what BTC will decide to do.

As for mass market adoption of decentralized Blockchain networks, it’s the innovative technology being developed around e-commerce platforms like LuxFi which will very likely lead the pack in bringing millions of users into Web3.

The promise of a purely free market may finally be upon us as individuals now have the chance to gather their resources and use them as they wish, with pure desire and unadulterated choice as the key indicators of what products and services succeed on this novel, web3 open market habitat known as the metaverse.

To learn more about Web3 e-commerce marketplaces and how they are shaping the future of finance and luxury, visit our blog and read for yourself how to get started.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-15 13:59:48

Are You Ready To Buy Wearable NFTs?

PFPs, profile pictures based on blockchain, are the hottest things out there in 2022. Now, it’s time to dress them up.

With the momentum collectively swinging toward mass-adoption of blockchain assets globally, we must wonder: what place will PFPs have in the growing global web3 landscape and what will luxury fashion brands in particular have to say about PFPs and digital wearables?

A PFP NFT (non-fungible token) is essentially digital artwork used to represent a character or personality; it is shoulder-length, often hand-drawn and often reflecting various “human” traits. Usually created as a collection minted (i.e. spawned) upon a common theme, they come with different levels of rarity and complexity.

Celebrities, luxury, fashion and athletic brands, plus TV, tech and startups are all on-board, and with a preponderance of phygital products rapidly coming to market, PFPs are now firmly established as key markers of success for a growing collective of NFT collectors and crypto communities. Some of the most popular PFP communities are CryptoPunks and Bored Ape Yacht Club, both of which have garnered the attention of major celebrities.

Owning an NFT, usually as an ERC-721 token (the Ethereum-based NFT standard at the moment), means you are one of the select few who can claim membership in that community. Financialization of NFTs is now possible; one way is collective bidding, exemplified by PartyBid ; another is fractionalization; and finally, NFTs may be now used as collateral for loans.

Undoubtedly there is both cultural and symbolic value in participating in these collective, blockchain-based interactions. Holding a PFP lets people signal their status and also embrace a community while engaging in artistic expression (activities that otherwise would not be possible).

Identities merge with digital depictions of “real” people, and the intersection of personal adornment, image, community and personal preferences are now forming a new web3 arena where PFPs may be “dressed” using NFT wearables.

Nifty Tailer, a web3 project, lets owners create derivative NFTs wearing fresh “clothes” for their PFP. These “digital garments” are the latest trend in what is quickly becoming a very “phygital” movement, creating some powerful and highly-imaginative collaborations.

NFTs have now sauntered far beyond a speculative gamble or new investment tool; they are becoming a part of our socially-connected lives, representing a deep connection to the nascent web3 universe that is accessible to anyone with a smartphone.

So significant are PFPs that Visa bought an NFT for its historical collection of globally-significant financial instruments, with Visa also creating a mentorship program for NFT creators.

The brand Champion Athletic revealed digital apparel and accessories to NFT holders of the Non-Fungible People series, allowing holders to upgrade by burning their original NFT (and in the process freshly mint a new NFT) in exchange for a new Champion apparel; the same series and burning method has been embraced by luxury watchmaker Louis Moinet, allowing for holders to retain the standalone NFT watch if they wish.

 — @LouisMoinet

Puma recently partnered with CatBlox, and Gucci has continued the company’s dive into the metaverse with an upcoming 10ktf collaboration that involves illustrations, storytelling, PFPs, NFT accessories and a virtual (floating) world. This burning method, used to mint new PFPs, is not used by metaverse powerhouse Roblox, however it could be on the way, as currently the project’s use of digital clothing does not utilize NFTs — though Roblox does allow users to layer their clothing, much like real-life.

 — @CatBloxStudios

That same PFP image could also be used to transact, socialize, and shop.

It is still early but we now see a clear convergence of web3 communities with PFP-hype; while it now takes mere weeks for NFT projects to gain massive followings and impressive volume (e.g. goblintown), it is still not an easy-entry for many wishing to participate, with many hurdles for (worthy) whitelists and much uncertainty about which projects are truly worthwhile.

Contrasting these gambles in pre-minting are the certaintitudes that present themselves if and when major brands and retailers get involved in a movement; this is what is now occurring, with shopping and socializing transforming themselves into digital-first experiences, and customers using PFPs by default.

Marketplaces such as OpenSea, Gem.xyz and others are paving the way for innovative asset-backed platforms such as LuxFi to move the dial even farther forward, allowing consumers to browse, buy, sell and borrow against their real-world NFT and product twins, choosing from exclusive globally-recognized retailers and luxury designers verified by LuxFi.

The wearable NFT revolution is indeed upon us — buttressed and supported by PFPs — and with the door open to anyone willing to step in. Just be sure to bring your blockchain wallet if you plan to participate.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-13 14:00:03

Top Brands on LuxFi NFT Marketplace

LuxFi NFT Marketplace is the premier space for buying, selling and investing in asset-backed luxury products.

Offering a wide selection of exclusive goods, LuxFi’s platform offers collections from some of the world’s finest brands.

With categories ranging from designer watches, branded handbags and custom edition sneakers — LuxFi sources the highest quality products from around the world and makes them available for purchase using cryptocurrencies.

Below are a taste of some of the top brands featured on LuxFi.

Rolex is a luxury watch designer and manufacturer founded in 1905 by Hans Wilsdorf and Alfred Davis in London, England. It is headquartered in Geneva, Switzerland. Rolex has became a top luxury watch brand in the world, from its origins as a maker of precision timepieces for professionals and adventurers. The brand today produces industry icons such as the Rolex Submariner, Daytona, and GMT-Master, and sponsors many major sports events in tennis, golf, yachting, and racing.

Patek Philippe is a Swiss luxury watch and clock manufacturer founded in 1839, currently headquartered in Geneva, Switzerland. Patek Philippe is regarded as the top brand among all major Swiss watch manufacturers.

Audemars Piquet is a luxury watchmaker founded by Jules Louis Audemars and Edward Auguste Piguet in 1875, it is headquartered in Le Brassus, Switzerland. Audemars Piquet created the world’s first minute-repeating movement for wristwatches, as well as pioneered the first skeleton watch.

 — @luxfiofficial

Louis Vuitton is a French high-end luxury fashion house founded in 1854 by Louis Vuitton, it is headquartered in Paris, France. As one of the world’s leading international fashion houses, the iconic label’s LV monogram appears on most of its products.

Hermès is a French luxury design house founded in 1837 by Thierry Hermès, it is headquartered in Paris, France. Hermès specializes in leather goods, perfumes, jewelry, watches, accessories and home furnishings. The most well-known Hermès handbag is the iconic Birkin.

Chanel is a French luxury fashion house founded by couturière Coco Chanel in 1910, it is headquartered in Neuilly-sur-Seine, France. Chanel is best known for its perfume Chanel №5 and its Chanel Suit.

Dior is a luxury fashion house founded in 1946 by French fashion designer Christian Dior, it is headquartered in Paris, France. Dior maintains its reputation as the creator of recognized “haute couture” and offers a wide range of innovative, ready-to-wear fashion products, leather goods, accessories, and footwear.

Gucci is a high-end luxury fashion house founded by Guccio Gucci in 1921 and currently based in Florence, Italy. The 100-year-old Italian house penetrated the millennials market successfully and became the most popular luxury brand on TikTok, from its iconic GG logo belts to its GG Garmont bags, the world is still discovering the legendary fashion label.

Prada is a luxury fashion house founded in 1913 by Mario Prada, it is headquartered in Milan, Italy. Prada stunned the fashion industry in 1984 by introducing the Nylon bag which utilized military tent fabrics; nylon material was used also in various handbags and most iconically in the Prada Backpack.

 — @luxfiofficial

Nike is an athletic footwear and apparel company founded in 1964 by Phil Knight and Bill Bowerman, it is based in ​​Beaverton, Oregon, United States. Nike owns many brands such as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, and Nike CR7.

Adidas is a German multinational corporation, headquartered in Herzogenaurach, Bavaria, Germany, founded in 1924 by Adolf Dassler. Adidas is largest sportswear manufacturer in Europe and was the first to introduce microchips into their sneakers.

New Balance is an American sports footwear and apparel brand, it founded in 1906 by William J. Riley and is headquartered in Boston, Massachusetts, United States. New Balance is noteworthy for offering some of the widest range of sizing options. New Balance offers equipment and clothing available for running, hiking, football, cricket and tennis among others. All shoes are referred to by numbers not names.

 — @luxfiofficial

Visit https://nft.luxfi.io/brand for a full list of the brands currently listed on LuxFi NFT Marketplace, and learn more about LuxFi’s unique approach to ecommerce and Web3 ecosystem at https://luxfi.io/ecosystem.

 — @luxfiofficial

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-08 14:01:35

Are Brands Ready to Dive Into the Metaverse?

Web3 is here to stay.

Mass adoption of crypto is beginning to take shape, and while not without hurdles, we are finally seeing adoption within increasing orders of magnitude. As it currently stands, a high level of technical aptitude is needed in order for an individual to utilize crypto in their daily lives. It is also true that many people will only embrace blockchain once others they know decide to participate.

As individuals begin to envelop themselves in new Web3 opportunities, we are (as of now) yet to fully see how brands will develop their metaverse-based products. Brands must now make difficult decisions as they consider what direction they will choose in embracing Web3, and their choices will surely affect a wide range of stakeholders.

What are the major signals and which key indicators will businesses and major global brands ultimately decide to follow, as they begin to embrace Web3?

It is June 2022 and Apple has just retired the iPod, a product of a bygone era that defined how we think about and use new technology; iPods changed our culture and completely redefined what personalized digital experiences could be. Just as Steve Jobs took “a thousand songs” and put them in our pocket, we will likewise soon see world-changing blockchain innovations come to fruition, with major brands leading the way (and quite possibly funding all of it, too).

When major brands make moves, the ripples are felt instantly, around the world. That means once brands decide to take on the metaverse and put resources towards its development, there will undoubtedly be massive repercussions emanating from such Web3 speculation.

The decisive moves brands will need to make about their involvement in the metaverse will start as simple yet imaginative speculation, with metaverse experimentation supported by large financial funding, well-defined company structures, and well-established protocols — these elements are, in their totality, the key to hyper-charging everything these brands choose to put their hands on.

Brands must ask themselves a multitude of questions before they can properly decide what direction they will take in Web3, including:

How does a blockchain function? What do smart contracts allow companies to do? Is bitcoin the future world reserve currency and store of value? Will Ethereum stay on top as the go-to layer 1 for building on top of? Will Web3 completely transform how we use the internet and how we communicate? Will it eventually change how we transact?

Will Web3 forever shift how we trade (sell) our own labor (i.e. how we work)? Will the metaverse change how we reward behavior? Will it change how we convey thanks and gratitude? Will it change how we vote and how we govern? Will it change how we think of risk and how we conceive of “gambling”? Will it change how we shop, how we sell and how we support ourselves?

In order to answer these questions, brands must place themselves in an existential Web3 universe — they must imagine how their brand will be perceived in a metaverse that is not controlled by any one party or platform; a new blockchain-based habitat whose rules are defined by consensus rather than (dollar-based) market mechanisms.

Brands must put themselves in the story, as they write their new Web3 novels for the masses — this is the new standard for achieving brand presence and for claiming intellectual property in the metaverse — that is, they must actually create something that has real value, in order to succeed; innovation wins here every time.

With an NFT, brands can offer their fans a “tangible” piece of their production and concurrently can give consumers a new line of products grounded in blockchain fundamentals.

Brands will surely embrace the metaverse in direct correlation with the benefits they perceive to their own cause — that cause being of course: to make money.

As global arbiters of power, brands are in prime position to experiment and test out novel ways to apply blockchain core fundamentals to their company and then see the effects of their efforts to bear fruit. Major brands bring with them massive budgets and financial apparatuses which are already finely tuned from innovating in web2 over the last 20 years.

With Web3, brands could quite likely lead the way in building the future metaverse.

Brands must constantly find new buyers; they must discover and secure a constant stream of new followers in order to grow in today’s global markets.

So, who will brands look to for guidance and advice? What models will brands follow when it comes to ideation and brainstorming? What does a healthy roadmap look like for a brand’s journey into Web3? Who is the Web3 consumer they are targeting and what personas will these future customers possess?

Further — how do these metaverse buyers compare in total lifetime value (TLV) vs. the normal consumer? Where exactly will the most robust and most active blockchain ecosystems develop and what property is worth securing, prior to that development?

Brands must reconceive of what “property” means to them, and make decisions about how to plan to protect their creative endeavors. This is already beginning to happen (look at ENS domains), and crypto asset management platforms are innovating every day, offering new ways to safeguard and protect ownership.

With these developments however, we are also encountering more subtle questions gravitating around things like intellectual property, inheritance, community and copyright.

The most exciting thing about major brands’ (forthcoming) embrace of the metaverse is that, because of the massive resources and well-oiled production engines these brands already possess, they are in a perfect position to design, produce, test, and refine a myriad of new methods for taking blockchain technology to new heights.

The power and resources behind a single brand — including their successful Web3 campaigns — will very likely stand to be the shift ultimately needed to finally drive mass adoption of blockchain tech.

So, what will brands decide to do and what will they ultimately say “yes” to within Web3? Most importantly, how will brands use Web3 to grow their businesses and change the course of crypto in the process?

If we wish to find out, we must first buy our ticket, as spectators and participants alike.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-06 14:00:05

NFT Retail Spaces

Retail NFT spaces are becoming more popular. For example, you can now buy a ticket to Coachella and receive your entry pass as an NFT. Gary Vee (who is that?) just hosted VeeCon, bringing together many of the biggest names and projects in the global NFT space. The physical and digital are merging, via a massive amount of activity in retail spaces using NFTs.

So now you’re wondering: what are the top NFT retail projects in blockchain?

Scan the list below to find out how in-real-life activities — and the web as we know it — are being completely redefined using NFTs and blockchain-enabled retail spaces.

The most promising retail space NFT crypto projects are:

Designer Fred Segal has created a new NFT experience called Artcade in his Los Angeles store, and is teamed with Subnation gaming to sell digital fashion that also exists in real life. Segal’s LA storefront will display Metagolden’s latest line of fine jewels + crypto, and Segal’s in-house Streaming Studio offers live podcasts plus esports gameplay.

“Fashion, as we know, loves to have its cake and eat it, too, and there is starting to be a world in which retailers allow a customer to nab an outfit in person and score its digital twin. “What we’re looking forward to is that if you walk into Fred Segal and you buy a Fred Segal hoodie or a collaboration with one of our partners, you could possibly buy the NFT version of it and dress your avatar in it,” ~ Fred Segal owner Jeff Lotman.

 — @artcade_gg

Infinite is a company out of Brooklyn, NY creating blockchain collectibles in physical form.

 — @infiniteobjects

 — @Strawberrywtf

A project started by YouTuber Alex Becker and his crypto friends. It’s quickly become one of the most exclusive and fastest-growing avatar NFT projects around. The project has many facets and continues to release new features to participate.

Becker’s game follows a storyline of the famous Akira and Mange Series in post-apocalyptic Japan, however this time, your character has new powers and abilities, and those happen to be worth something in this game.

You can find the Neo Tokyo Identities NFT Collection on OpenSea.

 — @ZssBecker

Harvey Nichols has launched a new retail concept space for blue-chip NFTs, inside their Hong Kong store.

They have created the HN NFT Vault, existing as a semi-permanent retail space, in which customers can use crypto as payment. Harvey Nichols has also dropped a Clone X avatar release with RTFKT.

 — @HarveyNichols

 — @HarveyNichols

A web3 experience for the real world, the project lets you eat with your best friends, either in the metaverse, or face-to-face, thanks to these “culinary” smart contracts. The 90-day pop-up has now become a fixed establishment.

 — @NickScurfield

 — @FoodFightersU

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-01 14:04:34

Investing in Bitcoin or a Hermès Bag?

When you buy a luxury fashion handbag — let’s take the Hermès Birkin as an example — you are buying more than a bag. You’re buying the firstly the name. You are buying the brand and the signature look associated with that model. You are buying a piece of the brand, a physical manifestation of societal value and utilitarian aesthetics. Your bag is an asset tied to the world of fashion and high culture, representing the standard by which other bags are judged. You now own an authentic product which can be resold in secondary markets, and because of the blockchain, your asset can viably be used in the metaverse.

The Hermès Birkin is a cornerstone of luxury production, a globally-recognized image which carries value across borders. It is a key piece in a cultural puzzle which has yet to be fully defined — that is, the bag itself contains a verifiable market value, however the social significance is something that is more difficult to model accurately. It is the real and perceived social value which truly makes a Birkin a worthwhile investment, as there is no single entity controlling its eventual price. It is this new connection to rapidly-evolving global blockchain ecosystems which makes a luxury handbag even more worthy of consideration for investment, as the digitalization of luxury goods is in increasing and non-fungible tokens (NFTs) now support the authentication of ownership and continued (accurate) valuation for limited edition products like the Birkin.

 — @sunchartist

Luxury brands are beginning to accept cryptocurrencies en mass, and decentralized finance (DeFi) is opening doors for buyers to collateralize their assets in various ways; known as asset-backed NFTs, these digital twins are giving buyers an advantage which cannot be replicated, as their prized possessions are backed up by the immutable blockchain ledger, and therefore can be verified (and resold) instantly with no intermediary.

So the question now becomes: should I buy a Birkin bag, or should I buy Bitcoin instead? The two are obviously not mutually exclusive, however they are similar in many ways, and our goal — to understand the differences between the two assets — is worthwhile, as it allows us to have better information in deciding what kind of asset-class we wish to handle, how much exposure we wish to have, and where the market is going.

There is much to be understood about Bitcoin, particularly as an asset that can now be easily bought and sold and which has continued to rise in value (every 2 years). It is by-far the most-talked-about and debated asset in the world today, one which many call the “most advanced store of value in the history of our species”.

 — @saylor

Indeed, Bitcoin harnesses blockchain technology and has shown (the world) just how powerful blockchain networks can be in enabling us to transact freely. Bitcoin portends the truly free markets which authors have postulated about and expounded upon for millennia; it presents grand opportunities for trade and novel ways to engage in exchange. It is (at once) a store of value and a bartering piece, arguably a superior means of exchange compared with anything else.

You can now buy practically anything with Bitcoin, and soon Bitcoin could become the world’s reserve currency, as traditional fiat is subject to inflation and government interventions beyond one’s control.

 — @cryptoMoJoe

The ability to borrow against one’s Bitcoin is now easier than ever, and as a technological invention, Bitcoin stands to be the marker by which all other assets will be judged going forward.

As to the question then of whether one should choose to buy Bitcoin or choose to buy a Birkin bag — well, that is a personal choice that deserves careful thought and research, considering the manifold ways which one can use either asset in today’s web3.0 landscape. Both assets have the (proven) capacity to rise in value, and both assets represent much more than a name or title.

Together, both Bitcoin and Birkin represent a new type of asset-class which is now being traded in newly-designed marketplaces, merging the physical and digital, and harnessing energy in newfound ways, allowing individuals to decide — at any given moment — what a worthwhile investment looks like to them.

These assets have created a new form of freedom, in the sense that the freedom to choose is grounded in the knowledge that these items do in fact “belong” to them, and what belongs to you is assuredly your property, digitally and physically.

It is now time to choose; Bitcoin or Birkin?

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-05-30 13:59:58

Gucci to Begin Accepting Crypto as Payment In-Store

It’s an exciting day when a major luxury brand announces that it will begin accepting cryptocurrencies at its flagship stores. That is precisely what has the fashion world talking this week, as Gucci has taken a major step forward as they embark upon a new journey for their customers and store staff.

Gucci will begin with 5 stores in the United States; its Wooster Street store in New York; its Rodeo Drive store in Los Angeles; its Design District location in Miami; its Phipps Plaza location in Atlanta; and at the Shops at Crystals in Las Vegas. The pilot will extend later in the summer to all North American locations.

The stores will accept 10 major cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu, Dogecoin, and five major stablecoins pegged to the US dollar.

To prepare staff, Gucci parent company Kering has created an in-house game with the help of creative agency Al Dente, in order to educate employees on web3, as a response to customers who are NFT collectors expecting special perks, rewards, airdrops and more from Gucci.

Gucci has been an early adopter of web3 technology, as evidenced most recently in their exclusive NFT collaborations. Gucci’s Discord server, Gucci Vault, just announced that two of its major NFT projects — SuperGucci and Gucci Grail — will be entitled to special pre-order rights for upcoming Gucci collections.

 — @10KTFshop

Gucci joins a list of other luxury brands building a strong presence in the metaverse and web3; in March of this year, Off-White publicized their intention to accept payment for purchases in crypto in their London, Paris and Milan stores; similarly, Phillip Plein has already begun accepting crypto payment and has an NFT gallery connected to corresponding digital wearables in the metaverse space known as Decentraland. Gucci is also developing land in Decentraland, and was the first luxury brand to release an NFT collection.

 — @gucci

The move by Gucci, and more recently by Phillip Plein and Off-White, represents a major milestone in the adoption of blockchain-derived technological advances, and such decisions only work to strengthen and enhance the work of companies such as LuxFi in our efforts to bring equitable payment systems to the luxury goods market. Payments on LuxFi NFT Marketplace can be made entirely in crypto. Learn more www.nft.luxfi.io.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.comBlog: https://blog.luxfi.io/

2022-05-25 14:00:10

Physical Asset NFT Marketplaces — At the intersection of global trade & commerce.

Physical, asset backed NFT are a crucial development within the crypto-sphere which is now spawning new marketplaces for every type of trade and investment opportunity imaginable.

As the use-cases increase for NFTs, the need to trade in physical assets remains consistent, as physical assets are still required to live. Property is being redefined with the rapid increase in crypto-adoption as we are at a crossroads as high-value items are being created and circulated in fraudulent manners, leading to a mergence of NFT technology with such goods.

These physical items have historically been listed on marketplaces that require a login or signup to initiate any trading; this is also true of NFT marketplaces contained physical items, and today we are seeing an emergence of platforms catering to this dual-purpose trading sphere — allowing both the physical item and the matching NFT twin to be bought and sold in tandem. This is revolutionary, as not only do these NFTs have an authenticate, physical, real-world placemarker (the actual item itself) but the NFT also allows its owner(s) to benefit from their ownership in novel ways.

The idea of ownership is a crucial idea to understand, as it is changing now with the property rights to digital products being interconnected with the social, cultural and governmental values present in each sphere of relevance. Examples include LuxFi NFT Marketplace, with asset-backed NFTs minted on decentralized blockchains such as Ethereum, allowing owners to hold their goods in secure custody and to use their NFT investments as collateral.

The “original owner” of an NFT is an important idea here too, because these items are minted once and forever, emblazoning themselves into existence with no copycatting possible, a fact that has far-reaching implications for many industries.

Owning an NFT means you are part of the club, a verified member of a project, as membership is established and carried on by owning certain NFTs in your wallet. This means the marketplace for certain categories of NFTs are becoming extremely popular (art, gaming, designs, etc), thus creating an effect that is tribal and community-focused, giving power to creators and owners alike, and allowing new mechanisms of support and patronage to grow organically within the boundaries of a user-friendly digital marketplace.

We are only at the beginning of what will surely become a new marker in global trade, as physical and digital property rights evolve and people research, compare and trade these goods in new ways and on new platforms built for those audiences. Further development of NFT usages will surely see physical products intertwined with the digitalization of shopping and retail experiences, and as global certifications and licensing begin to progress in adopting blockchain technologies (smart contracts), there will be a plethora of user-friendly platforms that offer open market trading in whatever goods or services one desires.

Learning how these new technologies work is crucial, and activities like testing new marketplaces, shifting funds to new wallets, seeking out better rewards, and finding communities you identify with — these will be the actions necessary to participate.

With a good amount of focus and concerted effort, anyone can learn and engage in this web3 revolution and obtain the physical and digital goods they want and need.

Discover new ways to trade, a variable e-commerce experience containing physical and digital goods traded instantly, securely, and with no barriers.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-05-23 14:03:17

What Luxury Brands Need to Know About the NFT Market

The NFT market is a versatile and dynamic space in 2022. Having seen a plethora of various waves of trading in the last few years, we are now experiencing fresh new flows of NFT collections gaining traction, with a series of major brands taking part.

As luxury brands continue to test the waters and invest in their own variation of NFT drops and reveals, we continue to find that the major arenas of exchange — the marketplaces themselves — are the key to building a following and creating hype around projects, as that is where the majority of users migrate regardless of who or what collection is being minted.

The decentralized marketplace is the free space where collectives can thrive, and the marketplace is where brands will continue to put their attention going forward. Designer collections from Gucci, Lacoste, Fendi have all taken off and it is the prime season to build and release a name brand designer NFT — first study the winners, watch the volume, take note of the hype, and continue to develop a strong whitelist.

What do luxury brands need to know about the NFT market then if they wish to succeed?

The formula for winning is clear and it takes hustle and developing powerful, artful NFTs that contain utility. The LuxFi approach, having proven itself to be a changemaker in the space, is to offer real-world utility and allow users to do as they wish with their property. As NFT technology continues to develop and become more accessible to the masses, there will undoubtedly be manifold opportunities for name brand products to seamlessly add their work to the historical record of first-movers.

The market for NFTs is active and growing, albeit still coupled to the greater crypto environment, there will be a reckoning soon which will make it clear that luxury brand presence in the metaverse is non negotiable.

The market does not lie, and neither do verified authentic designer brand products. To take part in the NFT market, companies must utilize marketplaces like LuxFi and take an active role in the sales and minting processes, rewarding their clientele thoroughly. This is how major brands should approach the NFT market if they wish to succeed.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Stay Tuned On Our Social Media Channels

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.comBlog: https://blog.luxfi.io/

2022-07-01 14:06:54

Investing in the Metaverse is now easier than ever.

The Metaverse is expected to be an interactive, immersive, highly engaging experience where people interact virtually and where all orders of life can be emulated in 3D and are interoperable between different Web2 and Web3 protocols.

The Metaverse is built around the vision of what decentralized blockchain networks are capable of crafting for the world. Many believe that by holding the basic building blocks of Web3 — namely fungible and non-fungible tokens (NFTs) — is the prime way to invest.

While NFTs are a key method for owning a verifiable piece of the Metaverse, there also exist other ways one can speculate in the Metaverse.

NFTs may represent real world items, and offer a new form of ownership based on cryptographic, distributed consensus algorithms which empower individuals and ultimately form a pure free market to trade within.

One way to start investing in the Metaverse is by prospecting with virtual land in Dapps such as Decentraland. The virtual property has some lucrative opportunities available and continues to expand, having collected the attention of major names and brands. Decentraland played host to the Metaverse Fashion Week, and buying a plot could see major valuations in the future, as plot owners develop digital real estate and digital spaces on top. The Sandbox is another important Metaverse project, and crypto gaming and PFP NFTs (avatar assets) are at the forefront.

Investing in public companies that are invited in the Metaverse is another option. Businesses which are actively engaged in building Web3 products and attendant services are a great start. Meta (formerly Facebook) is crafting their vision for the social blockchain network of the future, and companies like Microstrategy are purchasing Bitcoin and holding MSTR stock gives investors indirect exposure to the crypto market.

 — @Meta

A collection or “bucket” of managed, tradable assets, known as an index fund, is another option as funds such as Ball Multicoin Bitwise Metaverse Index now offer investors a chance to own a curated, diversified collection of some of the most important crypto assets which are tied directly to the next generation internet (i.e. the top Web3 projects and protocols).

As always, we encourage you to visit Luxfi.io and learn more about our project. The opportunities to invest in the metaverse are just beginning to present themselves and it is clear that Web3 marketplaces as LuxFi can and will succeed in changing the way we buy, sell and invest in luxury assets using blockchain-backed assets.

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Website: https://www.luxfi.ioTwitter: https://twitter.com/luxfiofficialTelegram Announcements: https://t.me/luxfinewsTelegram Official Group: https://t.me/LuxfiofficialMedium: https://luxfiofficial.medium.com

2022-06-20 14:00:37

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