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It’s no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe. The rise of metaverses has
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Transcript Angie Lau: Is NFT a fad or foundational? Can I move my NFTs to other blockchains? Where are investors focusing their activities in the market, and what’s so good about NFTs anyway? Welcome to Word on the Block, the series that takes a deeper dive into blockchain and all the emerging
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Italy’s OTB Group, the owner of fashion brands Diesel, Jil Sander and Viktor & Rolf is the latest luxury goods company to join the Aura Blockchain Consortium as a founding member.In April, Louis Vuitton’s parent firm, LVMH, Prada and Richemont-owned Cartier unveiled the Aura Blockchain Consortium, a network developed in
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On September 30, the Italian luxury fashion house Dolce & Gabbana sold an NFT collection for $5.7 million or 1,885 ether. The designers’ Collezione Genesi collection was sold via the platform UNXD, a Polygon network-powered marketplace. Dolce and Gabbana’s Collezione Genesi Rakes in 1,885 Ether Dolce and Gabbana’s first-ever non-fungible-token (NFT) drop,
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sponsored 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,
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Japan’s largest financial brokerage, Nomura Holdings Inc., has launched a subscription service offering customers the opportunity to purchase and trade food dishes at a high-end Italian food delivery service.The blockchain-based security tokens represent four luxury food parcels from Japanese chef Masayuki Okuda. Owner of two established restaurants in the capital,
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LVMH saw its business cramble last year amidst the COVID-19 pandemic as many governments across the world forced retail shops and businesses to close down.LVMH Moët Hennessy Louis Vuitton (EPA: MC) shares saw a 1.3% rise in the early trading session on January 27, after its fashion business brand Louis
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The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps.Ian Rogers, formerly the chief digital officer at LMVH, is taking on a new role as “chief experience officer” at Ledger, the well-known French
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As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds. Source
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Blockchain rewards platform MiL.k has teamed up with Seoul-based luxury retail space chain Shinsegae Duty Free to provide loyalty points compatibility and management. The new partnership allows Shinsegae customers to connect their existing rewards accounts to the MiL.k mobile app, according to a press release shared with Cryptox on May 11. Adoption
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