Luxury brands like Gucci, Tiffany, Bulgari, Jacob & Co. They do not stop in the face of the long downtrend of the cryptocurrency market, Launching luxury-related NFTs as well as crypto projects.
Luxury brands launch luxury-related NFTs
This summer alone, some Luxury brands have launched their own luxury-related NFTs. In the jewelry sector, for example, both Bulgari and Tiffany didn’t stop before the long crypto winter and launched luxury NFTs.
Tiffany You entered the world of non-fungible symbols by release that it Set of 250 NFTiffsCryptoPunks, digital pass, is only minable by holders of CryptoPunks that will allow the holder to obtain a custom necklace and the respective NFT.
Basically, for every NFTiff purchased, Tiffany designers create a custom necklace, Based on buyer’s CryptoPunk, made of 18 karat gold and with no less than 30 gems and/or diamonds. The cost of each NFT is determined by the luxury brand in 30 ETHabout $51,000.
Bvlgari too made NFT’s first ‘Beyond Wonders’ gem, defined as creativity that transcends physical boundaries and includes Ruby Metamorphosis and Emerald Glory Necklaces, Strengthen The link between fine jewelry and high technology.
Digital twins are digital artworks Inspired by necklaces and stored on the Aura and Polygon blockchain, Quiet by Luxochain, It can be accessed through a The digital experience created by Temera.
Luxury Brands and Cryptocurrency Ventures: Gucci, Jacob & Co.
Not only that, in August, other luxury brands such as Gucci, Jacob & Co. own coding projects.
In fact, Gucci owns added ApeCoin (APE) has been accepted into the list of cryptocurrencies as a method of paymentThanks to the use of the BitPay payment gateway.
Thus ApeCoin (APE) can be used In select US Gucci stores Where other cryptocurrencies are already accepted.
Not only that, there is another crypto project of a luxury American brand Jacob & Co. , which launched a limited edition Bitcoin watch. It’s an actual set of just 25 pieces that echo the Bitcoin ecosystem
Here is the video view:
Bitcoin Magazine August 31, 2022
Luxury watchmaker Jacob & Co launches a limited-edition Bitcoin watch.
luxury watch called Solar Astronomy Bitcoin 444 components were combined on two rotating platforms for a unique display, and according to Jacob & Co., All these codes tell the story of the first cryptocurrencyFrom abstraction to reality, from an anomaly to the pillar of the financial system.