Buying a Rolex watch or a Chanel bag with bitcoins? It becomes possible with LuxFi. With a vision to bridge the gap between real-world luxury assets and digital assets (NFTs), LuxFi has announced the planned launch of the NFT Marketplace. The introduction of the LuxFi Marketplace allows everyone to buy, sell and invest in luxury assets through NFT, with the ability to use cryptocurrencies and traditional payment methods.
The vegetal world of well-being has evolved into an integral part of the human experience. With the recent global impact of the COVID-19 pandemic and the increasing demand for luxury assets, the luxury market has deepened digital initiatives. The digital revolution has captured the hearts of consumers around the world, and the booming global luxury market shows no signs of stopping any time soon.
LuxFi’s NFT Market
LuxFi is among the leaders in the luxury industry to recognize the potential of NFTs. The company will launch a platform to help consumers by circumventing current challenges and creating a sustainable ecosystem in the luxury market. This comes in the form of the world’s first asset-backed NFT marketplace for luxury assets, combined with advanced technologies to allow for permanent tracking, authentication and portability of assets.
With this marketplace, LuxFi is able to create an ecosystem of buyers and sellers. Since they work directly with brands and manufacturers, the platform enables people to buy, sell and invest in luxury assets that have been validated by professional investigators in their network. New owners do not necessarily need to redeem physical products for future resale, and NFTs backed by luxury assets can be used as collateral for loans, or sent and transferred in various games and streaming platforms among other features. New owners can always redeem physical items in the real world.
LuxFi’s innovative platform goes beyond resolving the previously mentioned vulnerabilities, providing consumers with an alternative way to invest and potentially helping those who have difficulty accessing bank loan services to obtain financing services.
LuxFi also collects data from global online and offline sales channels and social media platforms for luxury assets. The data is analyzed and compared with global trends to provide accurate pricing for every NFT on the platform.
The component of depreciation that was once seen as mere gratification for consumers to brag about now has the power to transform into assets that are not only valuable, but also investable. The launch of the LuxFi NFT Marketplace is sure to capture the attention of the public and revolutionize the luxury industry through its innovative use of blockchain technology.
LuxFi is on its way to transforming the luxury industry into a brighter future. You can learn more about LuxFi’s progress and developments through social media below.
You Might Win a Rolex with 0.01ETH – LuxFi’s NFTs Auction and Sweepstakes on September 26th
LuxFi is grateful for all the genuine support their community has given them. To celebrate their upcoming launch of the NFT Marketplace, LuxFi will be holding the auction and sweepstakes on September 26th at 10:00AM UTC until October 3rd at 10:00AM. For every 0.01ETH, the participant will receive one lottery ticket for a chance to win the first prize, a Rolex NFT watch!
Non-Fungible Symbols
Non-fungible tokens (NFTs), a form of token that provides the ability to tokenize assets online through a certificate of ownership, have inspired luxury brands and their recent developments. With an industry beset by multiple challenges including counterfeiting, lack of transparency and illiquidity, NFTs have the potential to mitigate these risks and enable buyers and sellers to safely buy, sell and invest in luxury assets in the phygital world.
Blockchain is the missing piece in the puzzle of the luxury market, it allows the creation of physical-to-digital links between goods and their digital identities. The stamp or serial number acts as a physical identifier, and links back to the product’s “digital twin.” This digital identity is what brands are currently betting on, and on a small scale experts expect blockchain to make a real difference. Looking to the future, luxury brands will play an important role of validating upstream manufacturing and professionals in LuxFi’s retail network as investigators of existing luxury assets circulating in the market. It gives them the possibility to sell products associated with digital identities, enhance trust on the part of the customer and improve the relationship between the customer and the brand.
With blockchain technology, the entire lifecycle of any product can be monitored and tracked using a decentralized and tamper-resistant digital ledger, all while maintaining the privacy and security of the owner.
Aida Wong, CEO and Founder of LuxFi, said: “New technologies are opening up unlimited possibilities in the luxury market. As CEO and founder of LuxFi, our goal is to build the world’s first asset-backed NFT marketplace for luxury assets. I believe the entire industry is increasingly moving towards A more positive and sustainable ecosystem The advent of blockchain technology has been a milestone in many industries and today, blockchain is the new black in the luxury market With our NFT Marketplace, we envision a safe place for people to use cryptocurrency to buy, sell and invest in luxury assets Original.All of our NFT values are backed by real-world data.We look forward to exploring more of the many possibilities of what we have Luxury Asset Backed It can offer NFTs, a blockchain-based data intelligence system, and an ecosystem. This is a revolutionary period in the way we consume luxury assets! “
About LuxFi
LuxFi is The world’s first luxury asset-backed NFT market, utilizing a big data intelligence system and a unique algorithm for automated data collection and processing. LuxFi eliminates counterfeiting while minting NFTs on its multi-chain blockchain network, and provides accurate NFT pricing backed by real-world data. IDO will take place on October 6, 2021.
Media contact
website: https://www.luxfi.io
Twitter: https://twitter.com/luxfiofficial
Official Telegram group: https://t.me/Luxfiofficial
Telegram ad channel: https://t.me/luxfinews
mode: https://luxfiofficial.medium.com
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