NEW YORK, NY / ACCESSWIRE / September 24, 2021 / Recently, LuxFi proudly announced the launch of its platform to help consumers by circumventing existing 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, integrated with cutting-edge technologies to enable permanent asset traceability, authentication and portability.
Buy luxury assets with Bitcoin? This becomes possible with LuxFi. With the vision of bridging the gap between real-world luxury assets and digital assets such as non-fungible tokens (NFTs), LuxFi has announced the planned launch of its NFT marketplace. The introduction of the LuxFi Marketplace allows everyone to buy, sell and invest in luxury assets through NFTs with the ability to use cryptocurrency and traditional payment methods.
The phygital world of luxury has evolved to become an integral part of the human experience. With the recent global impact of the COVID-19 pandemic and the growing demand for luxury assets, the luxury market has deepened into digital initiatives. The digital revolution has captured the hearts of consumers around the world, and the thriving global luxury market has shown no signs of stopping anytime soon.
LuxFi’s NFT marketplace
With this marketplace, LuxFi is able to establish an ecosystem for buyers and sellers. Working directly with brands and manufacturers, the platform enables people to buy, sell and invest in luxury assets authenticated by professional auditors in their network. The new owners do not necessarily need to repurchase the physical products for future resale, and their luxury asset-backed NFTs can be used as collateral for loans, or sent and transferred to different games and streaming platforms in direct, among other features. New owners can still trade physical items in the real world.
LuxFi’s innovative platform goes beyond solving the previously mentioned problems, it offers consumers an alternative method to invest and potentially helps those who otherwise have difficulty accessing loan banking services to obtain financing services. .
LuxFi also collects data from global online and offline sales channels, as well as social media platforms for luxury assets. The data is analyzed and compared to global trends to provide accurate pricing for each NFT on the platform.
A consumer item that was once seen as mere satisfaction for consumers to splurge, now has the ability to be turned into assets that are not only valuable but also investable. The launch of the LuxFi NFT market will surely grab the attention of the public and revolutionize the luxury industry through its inventive use of blockchain technology.
LuxFi is on the way to transforming the luxury industry for a better future. Users can find out more about LuxFi’s progress and developments via the social media below.
Users can win a Rolex with 0.01ETH – LuxFi NFT Auction and Lottery on September 26
LuxFi is grateful for all the sincere support their community has given them. To celebrate the upcoming launch of their NFT Marketplace, LuxFi will be holding its auction and lottery from September 26 at 10:00 UTC until October 3 at 10:00 AM. For every 0.01 ETH, the participant will receive a lottery ticket for a chance to win the top prize, a Rolex NFT watch.
Non-fungible tokens (NFTs), a form of token that offers the ability to tokenize assets online via 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 buy, sell and sell. invest safely in luxury assets in the phygital world.
The blockchain is the missing piece of the puzzle of the luxury market, it allows to create physical-digital links between goods and their digital identities. A seal or serial number serves as a physical identifier and refers to the “digital twin” of the product. This digital identity is what brands are betting on right now, and it’s at the micro level that experts expect blockchain to make a real difference. Going forward, luxury brands will play an important role for authentication at the earliest stage of manufacture and professionals in LuxFi’s retail network as verifiers of existing luxury assets circulating in the market. This gives them the opportunity to sell products related to digital identities, fostering trust on the customer side and improving the customer-brand relationship.
Using blockchain technology, the entire lifecycle of any product can be monitored and tracked with a decentralized and tamper-proof digital ledger, while maintaining owner privacy and security.
Aidaa Wong, CEO and Founder of LuxFi said, “New technologies are opening up limitless possibilities in the luxury market. As CEO and Founder of LuxFi, our goal is to create the world’s first asset-backed NFT marketplace for luxury assets. I believe that the entire industry is moving more and more towards a more positive and sustainable ecosystem. The advent of blockchain technology was a milestone for many industries and today blockchain is the new black in the luxury market. Through our NFT Marketplace, we envision a secure place where people can use cryptocurrency to buy, sell, and invest in genuine luxury assets. The full value of our NFTs is backed by real world data. We look forward to further exploring the multiple possibilities of what our luxury asset-backed NFTs, blockchain-based data intelligence system and ecosystem could offer. It’s a revolutionary time in the way we consume luxury assets!
LuxFi is the world’s first asset-backed luxury NFT marketplace, backed by a Big Data Intelligence system and a unique algorithm for automated data collection and processing. LuxFi eliminates counterfeiting when creating an NFT on its multi-chain blockchain network and provides accurate NFT pricing that draws on real-world data. IDO will take place in October 2021. Follow our social networks for more details!
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THE SOURCE: LuxFi
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