Luxury marketplace UNXD, which is built on the Polygon network, and Decentraland, a virtual reality platform built on the Ethereum blockchain, plan to offer a metaverse fashion week with catwalk shows, pop up shops and afterparties in March.The fashion program, Decentraland’s first, will take place March 24-27. The show will allow users to view fashion in a virtual environment … [Read more...] about Decentraland, Luxury Marketplace UNXD to Host Metaverse Fashion Week
Luxury
Metaverse opens the gateway for luxury NFTs to become a multi-billion market
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 … [Read more...] about Metaverse opens the gateway for luxury NFTs to become a multi-billion market
French Luxury Fashion Brand Givenchy Drops 15 NFTs on OpenSea
French luxury fashion house Givenchy has dropped 15 non-fungible tokens (NFTs) created in collaboration with the graphic artist Chito on the OpenSea marketplace.The sale of the NFTs will be through a seven-day simulated auction starting Tuesday. This mark’s Givenchy’s first foray into the NFT market.Givenchy’s creative director Matthew Williams worked with Chito to create the … [Read more...] about French Luxury Fashion Brand Givenchy Drops 15 NFTs on OpenSea
Metaverse Gaming, NFT’s Could Account for 10% of Luxury Market by 2030: Morgan Stanley
Although luxury brands don’t derive a lot of revenue from digital mediums right now, this could change soon, according to a research note from Morgan Stanley published last week.Metaverse gaming and NFT’s could represent a 50 billion euro revenue opportunity for the sector by 2030.”NFTs and social gaming present two near-term opportunities for Luxury Brands, allowing them to … [Read more...] about Metaverse Gaming, NFT’s Could Account for 10% of Luxury Market by 2030: Morgan Stanley
Luxury homes in Portugal worth $4.7 million paid for in Cardano (ADA)
High-end real estate developer Prometheus International sold two luxury properties on the island of Madeira for Cardano totaling €4.1 million ($4.7 million).Madeira is an autonomous region of Portugal comprising four islands about 430 miles off the northwest coast of Africa. It is known for its mild climate and exotic vegetation, making it a tourist hotspot for those keen on … [Read more...] about Luxury homes in Portugal worth $4.7 million paid for in Cardano (ADA)