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  4. Culture converges with blockchain as luxury fashion brands launch NFT collections
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Culture converges with blockchain as luxury fashion brands launch NFT collections

It’s no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within...
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Culture converges with blockchain as luxury fashion brands launch NFT collections

It’s no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe.

The rise of metaverses has also impacted the adoption of NFTs, as the world is moving closer toward visions of a future defined by augmented reality. As such, NFTs are further demonstrating the convergence of culture with technology, which in turn is having an impact on a number of mainstream industries.

Source: UNXD and Dolce & Gabbana
The Gold Glass Dress NFT designed by Dolce & Gabbana. Source: UNXD and Dolce & Gabbana
“The Doge Crown” designed by Dolce & Gabbana. Source: UNXD and Dolce & Gabbana
Jimmy Choo x Eric Haze Mystery Box. Source: Ucollex
Jimmy Choo x Eric Haze, Chasing Stars Auction. Source: Ucollex

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01-05-2024 10:45:17 (UTC+7)

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