Buying a Rolex watch or a Chanel bag with Bitcoins? It is possible with LuxFi. With the vision of bridging the gap between real-world luxury assets and digital assets (NFTs), LuxFi has announced the planned launch of its NFT market. The introduction of the LuxFi marketplace allows everyone to buy, sell and invest in luxury assets through NFTs, with the option to use cryptocurrency and traditional payment methods.
The figurative world of luxury has evolved into an integral part of human experience. With the recent global impact of the COVID-19 pandemic and the growing demand for luxury assets, the luxury market has sunk into digital initiatives. The digital revolution has won the hearts of consumers worldwide, and the thriving global luxury market has shown no signs of an imminent halt.
LuxFi NFT Market
LuxFi is among the pioneers in the luxury industry in recognizing the potential of NFTs. The company will launch a platform to help consumers by avoiding the existing challenges and creating a sustainable ecosystem in the luxury market. This comes in the form of the first NFT market backed by assets for luxury assets, integrated with advanced technologies to allow constant traceability, authentication and asset transferability.
With this market, LuxFi can establish an ecosystem for buyers and sellers. Because they work directly with brands and manufacturers, the platform enables people to buy, sell and invest in luxury assets that are authenticated by professional controllers in their network. The new owners do not necessarily need to redeem the physical products for future resale, and their luxury asset NFTs can be used as collateral for loans, or be shipped and delivered on different games and live streaming platforms among other features. New owners can always redeem the physical things in the real world.
LuxFi’s innovative platform goes beyond solving the aforementioned pain points, it gives consumers an alternative method of investing and may help those who otherwise find it difficult to access loan banking services to get financial services.
LuxFi also collects data from global online and offline sales channels, and social networking platforms for luxury assets. The data is analyzed and compared with global trends to give an accurate price for each NFT on the platform.
A consumer item that was once viewed as mere satisfaction to buy consumers now possesses the ability to transform into assets not only valuable but also investable. The launch of LuxFi NFT market will surely arouse public attention and revolutionize the luxury industry with its inventive use of blockchain technology.
LuxFi is on its way to transforming the luxury industry for a brighter future. You can find out more about LuxFi’s progress and developments via the social networks below.
You May Win a Rolex with 0.01ETH – LuxFi NFT Auction and Lottery on September 26
LuxFi is grateful for the real support their community has given them. To celebrate their upcoming launch of their NFT marketplace, LuxFi will be holding its Auction and Lottery on September 26 at 10:00 am UTC until October 3 at 10:00 am For every 0.01ETH, the participant will receive 1 Lottery Ticket to have a chance to be a winner of the main prize, watch Rolex NFT!
Non-fungible tokens (NFTs), a form of token that gives the ability to token assets online through a certificate of ownership, have inspired luxury brands and their recent developments. With an industry plagued 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 fig world.
Blockchain is the missing piece in the luxury market puzzle, it allows to create physical to digital links between goods and their digital identities. A seal or serial number acts as the physical identifier, linking back to the product’s “digital twin”. This digital identity is what brands are betting on right now, and it’s on the micro-scale that experts expect a blockchain to actually realize. Looking forward, luxury brands will play an important role for authentication in the earliest manufacturing and the professionals in LuxFi’s network of retailers as controllers for the existing luxury assets circulating in the market. It gives them the opportunity to sell products linked to digital identities, growing customer trust and improving the customer-brand relationship.
Using blockchain technology, the entire life cycle of any product can be monitored and tracked with a decentralized, anti-lock digital ledger, all while maintaining the privacy and security of the owner.
Aidaa Wong, CEO and Founder of LuxFi said: “New technologies are unlocking unlimited possibilities in the luxury market. As CEO and founder of LuxFi, our goal is to build the first NFT-backed market for luxury assets. I believe that the whole industry is moving more and more towards a more positive and sustainable ecosystem.The advent of blockchain technology has been a huge milestone for many industries and today, blockchain is the new black in the luxury market.With our NFT market, we anticipate a safe place for people to use cryptocurrency to buy, sell and invest in authentic luxury assets.All our NFT values are backed by real-world data.We look forward to further exploring the multiple possibilities of our a luxury asset NFTs, blockchain data spy systems and ecosystem could offer. This is a revolutionary time as we consume luxury assets! “
LuxFi is the the world’s first NFT-backed luxury market, utilizing a large data intelligence system and a unique algorithm for automatic data collection and data processing. LuxFi eliminates counterfeiting when creating NFTs in their multi-chain blockchain network, and provides accurate NFT pricing supported by real-world data. IDO will take place on October 6, 2021.
Official Telegram Group: https://t.me/Luxfiofficial
Telegram Announcement Channel: https://t.me/luxfinews
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